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Balance sheet

BALANCE SHEET
in millions of euros
31 December 2018 31 December 2017 31 December
2016
       
ASSETS      
Cash in hand, central banks, national giro (note 1) 2,263.29 3,174.15 1,636.81
Treasury bills and other bills eligible for refinancing with central banks (note 1)   1,000.00 4,000.00
Loans and advances to credit institutions (note 1)      
. repayable on demand 0.21 0.05 0.03
. repayable at maturity      
Intangible assets (note 2)      
Tangible assets (note 2)   0.06 0.08
Real-estate assets (note 13bis)      
Other assets (note 3) 450.32 1,243.91 167.13
Accrued income and prepaid expenses (note 4) 2,364.06 1,980.09 6,824.83
       
TOTAL ASSETS 5,077.88 7,398.26 12,628.88
       
LIABILITIES      
       
Amounts owed to credit institutions (note 5)      
. repayable on demand      
. repayable at maturity 1,003.37 1,003.37 1,003.37
Debts evidenced by certificates (note 6)      
. Negotiable debt instruments 265.17 7,521.51 14,093.80
. Bonds and similar instruments 107,694.03 117,155.77 126,673.50
. Other debts evidenced by certificates      
Other liabilities (note 7) 447.61 220.30 5,329.78
Accrued expenses and deferred income (note 8) 933.32 2,173.59 1,263.56
Sub-total - Debts
110,343.49 128,074.55 148,364.01
Provisions (note 8) 80.17 113.26 98.40
roperty endowment
181.22 181.22 181.22
Retained earnings (120,970.77) (136,014.76) (150,441.15)
Profit for period 15,443.77 15,043.99 14,426.39
Sub-total-Reserves (105,345.78) (120,789.54) (135,833.53)
       
TOTAL LIABILITIES 5,077.88 7,398.26 12,628.88

 

 

Profit ans loss account

Period ended
(in millions of euros)
31 December
2018

31 December
2017

31 December
2016
Interest receivable and similar income (note 9) 874.54 1,024.97 1,086.12
. Interest receivable and similar income on transactions with credit institutions 188.81 225.32 160.33
. Interest receivable and similar income on bonds and other fixed-income securities      
Other interest receivable and similar income 685.73 799.65 925.79
       
Interest payable and similar charges (note 10) (3,058.41) (3,154.33) (3,378.43)
.On transactions with credit institutions (44.34) (42.36) (40.79)
.On bonds and other fixed-income securities (3,014.07) (3,111.97) (3,337.64)
Other interest payable and similar charges      
Fees payable (note 10) (22.78) (30.93) (37.66)
       
Gains and loss on investment securities (note11)      
. Net profit (loss) on foreign exchange transactions      
Gains and losses on investment secruities ( note11.1)      
Net profit ( loss) on investment securities      
Other operatin income - banking      
Other operation charges - banking (0.02) (0.02) (0.02)
       
NET BANKING INCOME (2,206.67) (2,160.30) (2,329.99)
       
General operating charges (note 13) (2.91) (2.78) (2.92)
. Staff costs (1.08) (1.09) (1.11)
. Other administrative expenses (1.83) (1.69) (1.81)
       
Depreciation and provisions - intangible and tangible assets (0.01) (0.02) (0.02)
       
Other operating income 17,816.86 17,380.97 16,933.24
. Income related to CRDS and CSG (note 12 and 12.1a) 15,631.70 15,262.46 14,811.43
. Income related to social levies on income (1.90)  (3.60)  (15.28)
 Income from Retirement Reserve Fund
(Fonds de Réserve pour les Retraites – FRR)
2,100.00 2,100.00 2,100.00
. Income from property (note 13.a) 0.14  0.15 0.20
. Provisions reversed for receivables (Notes
12a and 12.1a)
79.50 14.79 14.90
. Other provisions reversed for receivables 7.41  7.17  21.99
Other operating charges (163.47) (173.98) (173.95)
. related to CRDS and CSG (note 12 and 12.1) (155.10) (150.34) (150.72)
. Charges relating to social levies on income (note 12.2a) 0.01  0.02  (0.58)
(. Payments to social cecurity agencies (note 14)      
. Provision for receivables (note 12
and 12.a)
     
. Provision for sundry liabilities (note 14) (1.57)    
. Provision for recievables (note 12,12a,12.1a and 12.2a) (6.79) (23.57) (22.65)
. Charges related to property (note 13.a) (0.02) (0.09)  
GROSS OPERATING PROFIT 15,443.80 15,043.89 14,426.36
OPERATING PROFIT 15,443.80 15,043.89 14,426.36
- Exceptional income ( Note 15)     0.10
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 15,443.80 15,043.89 14,426.36
  (0.03)  0.10  0.03 
NET PROFIT FOR PERIOD 15,443.77 15,043.99 14,426.39

 

Off balance sheet commitments

OFF BALANCE SHEET ITEMS
in millions of euros (Notes 16 to 18)
At 31 December 2018 At 31 december 2017 At 31 December 2016
COMMITMENTS GIVEN (note 18)      
Financing commitments      
Payments to various social security bodies      
- Assumption of debt provided for by the 2019
    Social Security Finance Act
15,000.00     
Financing commitments given: acquired under
repurchase agreements, currency purchases, treasury
bills
     
COMMITMENTS RECEIVED (note 18)
     
Financing commitments      
-From credit institutions:credit lines 700.00 700.00 700.00
-From credit institutions: credit lines in treasury bills      
-Financing commitments received: borrowings      
-Financing commitments received: commercial paper
and lent under repurchase agreements
     
-Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) 12,600.00 14,700.00 16,800.00