Consolidated fi nancial statements for the year ended 31/12/2012, approved by the Crédit Agricole S.A. Board of Directors on 19 February 2013 and submitted to shareholders for approval at the General Meeting of Shareholders of 23 May 2013 6 3 General framework 270 LEGAL PRESENTATION OF THE ENTITY 270 CRÉDIT AGRICOLE INTERNAL RELATIONS 274 RELATED PARTIES 276 3 Consolidated financial statements 278 INCOME STATEMENT 278 STATEMENT OF COMPREHENSIVE INCOME 279 BALANCE SHEET – ASSETS 280 BALANCE SHEET – EQUITY AND LIABILITIES 280 STATEMENT OF CHANGES IN EQUITY 281 CASH FLOW STATEMENT 282 3 Notes to the financial statements 284 3 Statutory Auditors’ report on the consolidated financial statements 399 Crédit Agricole S.A. 3 2012 Registration Document 269 CONSOLIDATED FINANCIAL STATEMENTS 6 General framework The consolidated financial statements consist of the general framework, the consolidated financial statements and the notes to the consolidated financial statements. General framework 3 LEGAL PRESENTATION OF THE ENTITY Since the Extraordinary General Meeting of Shareholders of Crédit Agricole S.A. is also subject to the provisions of the French 29 November 2001, the Company’s name is: Crédit Agricole S.A. Monetary and Financial Code and more specifically Articles L.512-47 et seq. thereof. Registered office: 12, place des États-Unis 92127 Montrouge Cedex Crédit Agricole S.A. was licensed as an authorised lending Registration number: 784 608 416, Nanterre Trade and Companies institution in the mutual and co-operative banks category on Registry 17 November 1984. As such, it is subject to oversight by the NAF code: 6419Z banking supervisory authorities, and more particularly by the French Prudential Supervisory Authority (ACP). Crédit Agricole S.A. is a French Public Limited Company (Société Anonyme) with a Board of Directors governed by ordinary company Crédit Agricole S.A. shares are admitted for trading on Euronext law and more specifically by Book II of the French Commercial Paris. Crédit Agricole S.A. is subject to the prevailing stock market Code. regulations particularly with respect to public disclosure obligations. 270 Crédit Agricole S.A. 3 2012 Registration Document CONSOLIDATED FINANCIAL STATEMENTS General framework 6 A bank with mutual roots price. This encompasses both disposals of shares between the Regional Banks and capital increases at SAS Rue La Boétie. Crédit Agricole has a unified yet decentralised organisation. Its The Fédération Nationale du Crédit Agricole (FNCA) acts as a financial, commercial and legal cohesion go hand-in-hand with consultative and representative body, and as a communication decentralised responsibility. The Local Banks (Caisses Locales) forum for the Regional Banks. form the bedrock of the Group’s mutual organisation. Their share capital is held by almost 6.9 million mutual shareholders electing In accordance with the provisions of the French Monetary and 29,118 Directors. They play a key part in maintaining a strong local Financial Code (Article L. 511-31 and Article L. 511-32), as the central presence and close relationships with clients. The Local Banks body of Crédit Agricole Group, Crédit Agricole S.A. is responsible hold the bulk of the capital of the Regional Banks, which are co- for exercising administrative, technical and financial control over the operative entities with variable capital and fully-fledged Regional institutions affiliated to it in order to maintain a cohesive network (as Banks. SAS Rue La Boétie, which is wholly owned by the Regional defined in Article R. 512-18 of the French Monetary and Financial Banks, holds the majority of Crédit Agricole S.A.’s share capital. Code) and to ensure their proper functioning and their compliance Shares in SAS Rue La Boétie may not be transferred outside the with all regulations and legislation governing them. As such, Regional Banks’ network. Furthermore, any trading in these shares Crédit Agricole S.A. may take all necessary measures, notably to between Regional Banks is governed by a liquidity agreement that guarantee the liquidity and solvency of both the network as a whole in particular sets out the procedures for determining the transaction and of each of its affiliated institutions. Crédit Agricole S.A. 3 2012 Registration Document 271 CONSOLIDATED FINANCIAL STATEMENTS 6 General framework Crédit Agricole S.A. FRENCH SPECIALISED RETAIL INTERNATIONAL FINANCIAL BANKING RETAIL BANKING SERVICES 75% 38 REGIONAL FONDATION EMPORIKI BANK CA 15% CARIPARMA (sold on 02/01/2013) 100% 25% BANKS CARIPARMA 99.99% CONSUMER FINANCE SCCV 10% SPA Italy SA Greece SA SACAM LCL INTERNATIONAL LE CRÉDIT 80.17% CRÉDIT AGRICOLE LYONNAIS 95.10% FRIULADRIA LEASING SA 99.99% & FACTORING SPA Italy SA 4.90% SACAM 80% CARISPEZIA DÉVELOPPEMENT SPA Italy EFL 100% SA Poland 10.81% 35.29% 16.66% BES BESPAR SA Portugal SA Portugal 9.72% PREDICA CRÉDIT CRÉDIT 47.39% AGRICOLE AGRICOLE 77.4% EGYPT POLSKA SAE Egypt SA 13.07% Poland 22.6% CRÉDIT AGRICOLE CIB EFL CRÉDIT CRÉDIT AGRICOLE AGRICOLE BANK 100% 100% BANKA SRBIJA PJSC Ukraine AD NOVI SAD SA Serbia CRÉDIT DU MAROC 77.42% SA Morocco (1) Direct % interest held by Crédit Agricole S.A. and its subsidiaries (2) Combines the asset management, insurance and private banking business lines 272 Crédit Agricole S.A. 3 2012 Registration Document CONSOLIDATED FINANCIAL STATEMENTS General framework 6 at 31/12/2012 (% interest)(1) CORPORATE SAVINGS (2) AND INVESTMENT CORPORATE CENTRE MANAGEMENT BANKING Asset management Private banking 97.33% CRÉDIT 0.44% AGRICOLE DELFINANCES AMUNDI 25% CA PRIVATE CIB 2.23% 73.62% BANKING 100% GROUP SOCIÉTÉ SA SA SACAM DÉVELOPPEMENT 1.38% SA GÉNÉRALE CRÉDIT SACAM AGRICOLE DÉVELOPPEMENT 100% LUXEMBOURG AMUNDI SA Luxembourg 100% SA CA CRÉDIT 100% CHEUVREUX AGRICOLE SA SA S2G 100% 100% (SWITZERLAND) SA Switzerland ÉTOILE CLSA BV GESTION CRÉDIT BV Netherlands 100% SA FONCIER 100% 70.13% DE MONACO CPR AM SA Monaco NEWEDGE SA GROUP 100% 50% SA 50% CA INDOSUEZ SOCIÉTÉ GÉNÉRALE BFT Gestion PRIVATE BANKING BSF 100% SA 100% SA (EX BGPI) 31.11% SA Saudi Arabia Securities and financial services Insurance CACEIS 100% CRÉDIT AGRICOLE CACIF UNI-ÉDITIONS 85% 15% ASSURANCES SA 99.99% 100% SAS SA NATIXIS SA CA CARDS & 50% PREDICA SILCA 49.60% PAYMENTS EIG 50% CACEIS CACEIS FUND 100% SA SNC 50.40% BANK FRANCE ADMINISTRATION REGIONAL SA 100% 100% SA PACIFICA Other Group BANKS 100% SA companies FONCARIS CACEIS BANK CACEIS CRÉDIT CR DE CORSE 100% SA LUXEMBOURG SWITZERLAND AGRICOLE 99.95% 100% 100% CREDITOR SCCV SA Luxembourg SA Switzerland 100% INSURANCE EURAZEO SAS CRÉDIT 18.66% SA CACEIS BANK CACEIS AGRICOLE DEUTSCHLAND CT IMMOBILIER 100% 100% 100% BES SEGUROS SA GmbH Germany SA 25% BES DELFINANCES 50% SA Portugal 100% CA VITA 100% SPA Italy CRÉDIT AGRICOLE LIFE 100% SA Greece Crédit Agricole S.A. 3 2012 Registration Document 273 CONSOLIDATED FINANCIAL STATEMENTS 6 General framework 3 CRÉDIT AGRICOLE INTERNAL RELATIONS Internal financing mechanisms Hence, there are currently two types of advances: advances governed by financial rules before 1 January 2004 and those Crédit Agricole has instituted a number of internal financing governed by the new rules. mechanisms specific to the Group. Crédit Agricole S.A. may also make additional financing available to the Regional Banks at market rates. Regional Banks’ current accounts Each Regional Bank holds a current account with Crédit Agricole Transfer of Regional Banks’ liquidity surpluses S.A., which records the financial movements resulting from internal The Regional Banks may use their “monetary” deposits (demand financial transactions within the Group. This account, which may be deposits, non-centralised term deposits and negotiable certificates in credit or debit, is presented in the balance sheet under “Crédit of deposit) to finance lending to their customers. Surpluses must be Agricole internal transactions – Current Accounts” and integrated transferred to Crédit Agricole S.A. where they are booked as current on a specific line item, either “Loans and receivables to credit or term accounts, under “Crédit Agricole internal transactions”. institutions” or “Due to credit institutions”. Special savings accounts Investment of Regional Banks’ surplus capital with Crédit Agricole S.A. Funds held in special savings accounts (popular savings plans and Regional Banks’ available surplus capital may be invested with accounts, sustainable development passbook accounts (Livret Crédit Agricole S.A. in the form of three- to ten-year instruments, with de développement durable), home purchase savings plans and the same characteristics of interbank money market transactions in accounts, youth passbook accounts and Livret A passbook savings all respects. accounts) are collected by the Regional Banks on behalf of Crédit Agricole S.A. These funds are required to be transferred to the latter. Crédit Agricole S.A. recognises them on its balance sheet as “Due Foreign currency transactions to customers”. Crédit Agricole S.A. represents the Regional Banks with respect to the Bank of France and centralises their foreign currency Term deposits and advances transactions. The Regional Banks also collect savings funds (passbook accounts, bonds, certain term accounts and related accounts, etc.) on behalf Medium and long-term notes issued of Crédit Agricole S.A. These funds are transferred to Crédit by Crédit Agricole S.A. Agricole S.A. and are recognised as such on its balance sheet. These are placed mainly on the market or by the Regional Banks Special savings accounts and term deposits and