KBC Groupe NV

Annual / Quarterly Financial Statement • Mar 31, 2014

40				1	EUR
Nr. Date of the deposition	No. 0403.227.515		PP.	E.	D.			C 1.1
		ANNUAL ACCOUNTS IN EURO (2 decimals)
NAME: KBC GROEP
Legal form: PLC
Address: Havenlaan							Nr.: 2
Postal Code: 1080	City:	Sint-Jans-Molenbeek
Country: Belgium
Register of Legal Persons (RLP) - Office of the commercial court at:			Bruxelles
Internet address *: www.kbc.com
					Company number:		0403.227.515
DATE 31/01/2014 of the deposition of the partnership deed OR of the most recent document mentioning the date of publication of the partnership deed and the act changing the articles of association.
ANNUAL ACCOUNTS approved by the General Meeting of				30/04/2014
concerning the financial year covering the period from		1/01/2013			till		31/12/2013
	Previous period from	1/01/2012			till		31/12/2012
The amounts of the previous financial year are	/ are not					** identical to those which have been previously published.
COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise, OF DIRECTORS, MANAGERS AND AUDITORS
LEYSEN Thomas
Rosier 21, 2000 Antwerpen, Belgium
Title : President of the board of directors
VLERICK Philippe
Ronsevaalstraat 2, 8510 Bellegem, Belgium
Title : Vice president of the board of directors
BOSTOEN Alain
Coupure 126, 9000 Gent, Belgium
Title : Director
CORNU Jozef
Grouwesteenstraat 13, 9170 Sint-Gillis-Waas, Belgium
Title : Director
Enclosed to these annual accounts:
Total number of pages deposited: of service: 5.1, 5.2.1, 5.2.4, 5.3.4, 5.5.2, 5.17.2, 8, 9							Number of the pages of the standard form not deposited for not being

Signature (name and position)

THIJS Johan

Delegated director

* Optional statement.

** Delete where appropriate.

LEYSEN Thomas

President of the board of directors

Signature (name and position) LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

Valkenlaan 34, 2950 Kapellen (Antw.), Belgium DE CEUSTER Marc

Title : Director

Danhieuxstraat 1, box 37, 3090 Overijse, Belgium Title : Director DECHAENE Tom

Izegemstraat 203, 8770 Ingelmunster, Belgium Title : Director DEPICKERE Franky

Bosduifdreef 4, 2970 Schilde, Belgium Title : Director DISCRY Luc

Floridalaan 62, 1180 Ukkel, Belgium Title : Director DONCK Frank

Tervuursesteenweg 93, 1820 Perk, Belgium Title : Director HEREMANS Dirk Mandate : - 8/10/2013

Vlaamse Gaaienlaan 11, 3080 Tervuren, Belgium Title : Delegated director HOLLOWS John

Kossuth Lajos ter 18, 1055 Budapest, Hungary Title : Director KIRALY Julia Mandate : 8/10/2013

Weststraat 18, 8647 Lo-Reninge, Belgium Title : Director MORLION Lode

LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

PAPIRNIK Vladimira

W. 8th Place 401, 60521 Hinsdale Illinois, United States of America Title : Director

POPELIER Luc

Voosdonk 21, 2801 Heffen, Belgium Title : Delegated director

ROUSSIS Theodoros

Poederstraat 51, 2370 Arendonk, Belgium Title : Director

THIJS Johan

Moorsemsestraat 260, 3130 Betekom, Belgium Title : Delegated director

TYTGADT Alain

Prinses Josephinelaan 7, 8300 Knokke-Heist, Belgium Title : Director

Wegvoeringstraat 62, 9230 Wetteren, Belgium Title : Director VAN KERKHOVE Ghislaine

VANTHEMSCHE Piet

Tombergstraat 57, 1750 Sint-Martens-Lennik, Belgium Title : Director

WITTEMANS Marc

Beatrijslaan 91, 3110 Rotselaar, Belgium Title : Director

LIST OF DIRECTORS, MANAGERS AND AUDITORS (continuation of the previous page)

ERNST & YOUNG Bedrijfsrevisoren BCVBA 0446.334.711

De Kleetlaan 2, 1831 Diegem, Belgium

Title : Auditor, Number of membership : B00160

Represented by:

1.

• VANDERBEEK Pierre and/or De Kleetlaan 2 , 1831 Diegem, Belgium
• TELDERS Peter 2.
• De Kleetlaan 2 , 1831 Diegem, Belgium

DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions.

The annual accounts have have not * / been audited or adjusted by an external accountant or auditor who is not a statutory auditor.

If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement:

• A. Bookkeeping of the undertaking**,
• B. Preparing the annual accounts**,
• C. Auditing the annual accounts and/or
• D. Adjusting the annual accounts.

If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountanttax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement.

Name, first name, profession, residence-address	Number of membership	Nature of the engagement (A, B, C and/or D)

^* Delete where appropriate.

^** Optional disclosure.

BALANCE SHEET

	Notes	Codes	Period	Previous period
ASSETS
FIXED ASSETS		20/28	15.215.243.400,20	15.068.398.237,32
Formation expenses	5.1	20
Intangible fixed assets	5.2	21	230.029.742,55
Tangible fixed assets	5.3	22/27	152.137.499,63
Land and buildings		22	33.773.128,30
Plant, machinery and equipment		23	94.239.869,92
Furniture and vehicles		24	12.938.008,27
Leasing and other similar rights		25
Other tangible fixed assets		26	571.368,50
Assets under construction and advance payments		27	10.615.124,64
	5.4/
Financial fixed assets	5.5.1	28	14.833.076.158,02	15.068.398.237,32
Affiliated enterprises	5.14	280/1	14.832.034.580,22	15.067.582.579,78
Participating interests		280	14.582.034.559,02	14.817.582.558,58
Amounts receivable		281	250.000.021,20	250.000.021,20
Other enterprises linked by participating interests	5.14	282/3	815.657,54	815.657,54
Participating interests		282	815.657,54	815.657,54
Amounts receivable		283
Other financial assets		284/8	225.920,26
Shares		284	223.536,00
Amounts receivable and cash guarantees		285/8	2.384,26
CURRENT ASSETS		29/58	220.813.173,31	816.518.078,93
Amounts receivable after more than one year		29	1.999.173,22
Trade debtors		290	1.518.168,72
Other amounts receivable		291	481.004,50
Stocks and contracts in progress		3	737.268,56
Stocks		30/36	737.268,56
Raw materials and consumables		30/31
Work in progress		32
Finished goods		33
Goods purchased for resale		34	737.268,56
Immovable property intended for sale		35
Advance payments		36
Contracts in progress	5.5.1/	37
Amounts receivable within one year	5.6	40/41	68.071.217,99	20.379.111,73
Trade debtors		40	33.212.706,70	118.348,04
Other amounts receivable		41	34.858.511,29	20.260.763,69
Current investments		50/53	32.266,67	375.001.406,27
Own shares		50	30.860,40
Other investments and deposits		51/53	1.406,27	375.001.406,27
Cash at bank and in hand		54/58	114.128.293,84	414.705.416,90
Deferred charges and accrued income	5.6	490/1	35.844.953,03	6.432.144,03
TOTAL ASSETS		20/58	15.436.056.573,51	15.884.916.316,25

Nr. 0403.227.515 C 2.2

11.240.845.142,71 10.856.964.821,15 EQUITY 10/15 5.7 Capital 10 1.451.783.018,35 1.450.401.447,91 Issued capital 100 1.451.783.018,35 1.450.401.447,91 Uncalled capital 101 Share premium account 11 5.396.555.524,69 5.384.641.464,66 Revaluation surpluses 12 Reserves 13 1.465.790.629,35 1.447.301.925,70 Legal reserve 130 145.178.301,83 126.794.614,51 Reserves not available 131 1.369.485,43 1.338.625,03 1310 30.860,40 In respect of own shares held 1311 1.338.625,03 1.338.625,03 Other Untaxed reserves 132 189.974.182,34 189.869.166,01 Available reserves 133 1.129.268.659,75 1.129.299.520,15 Accumulated profits (losses) (+)/(-) 14 2.926.715.970,32 2.574.619.982,88 Investment grants 15 Advance to associates on the sharing 19 out of the assets 20.029.096,79 PROVISIONS AND DEFERRED TAXES 16 Provisions for liabilities and charges 160/5 20.029.096,79 Pensions and similar obligations 160 17.523.433,01 Taxation 161 Major repairs and maintenance 162 5.8 Other liabilities and charges 163/5 2.505.663,78 Deferred taxes 168 4.175.182.334,01 5.027.951.495,10 AMOUNTS PAYABLE 17/49 Amounts payable after more than one year 17 2.970.276.726,88 3.600.354.823,62 5.9 Financial debts 170/4 2.970.084.430,91 3.600.354.823,62 Subordinated loans 170 2.333.333.298,50 3.499.999.977,00 Unsubordinated debentures 171 581.197.424,78 100.354.846,62 Leasing and other similar obligations 172 Credit institutions 173 55.553.707,63 Other loans 174 Trade debts 175 Suppliers 1750 Bills of exchange payable 1751 Advances received on contracts in progress 176 Other amounts payable 178/9 192.295,97 Amounts payable within one year 42/48 1.156.900.899,08 1.415.765.122,13 Current portion of amounts payable after more than one 5.9 42 13.546.747,93 year falling due within one year Financial debts 43 970.605.584,52 400.000.020,42 Credit institutions 430/8 75.105.584,52 20,42 Other loans 439 895.500.000,00 400.000.000,00 Trade debts 44 33.872.287,71 4.698.829,31 Suppliers 440/4 33.872.287,71 4.698.829,31 Bills of exchange payable 441 Advances received on contracts in progress 46 Taxes, remuneration and social security 5.9 45 81.164.224,67 1.350.220,93 Taxes 450/3 1.523.825,16 349.641,93 Remuneration and social security 454/9 79.640.399,51 1.000.579,00 Other amounts payable 47/48 57.712.054,25 1.009.716.051,47 Accrued charges and deferred income 5.9 492/3 48.004.708,05 11.831.549,35 15.436.056.573,51 15.884.916.316,25	EQUITY AND LIABILITIES	Notes	Codes	Period	Previous period
	TOTAL LIABILITIES		10/49

INCOME STATEMENT

	Notes	Codes	Period	Previous period
Operating income	5.10	70/74	1.092.848.810,75	6.874.553,11
Turnover		70	1.017.094.886,24
Increase (decrease) in stocks of finished goods, work and contracts in progress (+)/(-)		71
Own construction capitalised		72	40.905.127,05
Other operating income		74	34.848.797,46	6.874.553,11
Operating charges		60/64	1.166.097.942,96	99.902.583,49
Raw materials, consumables		60	179.563,72
Purchases		600/8	599.851,53
Decrease (increase) in stocks (+)/(-)		609	-420.287,81
Services and other goods		61	556.274.641,52	94.071.408,70
Remuneration, social security costs and pensions (+)/(-)	5.10	62	462.601.419,62	5.641.542,05
Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		630	123.726.466,85
Amounts written down stocks, contracts in progress and trade debtors - Appropriations (write-backs) (+)/(-)	5.10	631/4	-279.535,46
Provisions for risks and charges - Appropriations (uses and write-backs) (+)/(-)	5.10	635/7	-1.587.598,27
Other operating charges	5.10	640/8	25.182.984,98	189.632,74
Operation charges carried to assets as restructuring costs (-)		649
Operating profit (loss) (+)/(-)		9901	-73.249.132,21	-93.028.030,38
Financial income		75	1.103.123.890,73	1.171.269.846,07
Income from financial fixed assets		750	1.092.523.312,81	912.667.671,87
Income from current assets		751	5.168.550,99	9.629.598,22
Other financial income	5.11	752/9	5.432.026,93	248.972.575,98
Financial charges	5.11	65	614.200.112,80	1.120.295.042,82
Debt charges		650	608.150.905,11	1.003.726.316,83
Amounts written down on current assets except stocks, contracts in progress and trade debtors (+)/(-)		651		-119.827.474,99
Other financial charges		652/9	6.049.207,69	236.396.200,98
Gain (loss) on ordinary activities before taxes (+)/(-)		9902	415.674.645,72	-42.053.227,13

	Codes	Period	Previous period
Extraordinary income	76	624,31	91.661.389,60
Write-back of depreciation and of amounts written down intangible and tangible fixed assets	760
Write-back of amounts written down financial fixed assets	761		91.661.389,50
Write-back of provisions for extraordinary liabilities and charges	762
Gains on disposal of fixed assets	763	499,00
Other extraordinary income	764/9	125,31	0,10
Extraordinary charges	66	30.944.391,87	5.500.000,00
Extraordinary depreciation of and extraordinary amounts written off formation expenses, intangible and tangible fixed assets	660	2.124.515,17
Amounts written down financial fixed assets	661
Provisions for extraordinary liabilities and charges - Appropriations (uses) (+)/(-)	662	1.000.000,00
Loss on disposal of fixed assets	663	27.813.324,87	5.500.000,00
Other extraordinary charges 5.11	664/8	6.551,83
Extraordinary charges carried to assets as restructuring costs (-)	669
Profit (loss) for the period before taxes (+)/(-)	9903	384.730.878,16	44.108.162,47
Transfer from postponed taxes	780	2.601.638,68
Transfer to postponed taxes	680	1.225,74
Income taxes 5.12	67/77	2.915.439,71	-1.531.044,22
Income taxes	670/3	4.366.795,13	14.425.557,34
Adjustment of income taxes and write-back of tax provisions	77	1.451.355,42	15.956.601,56
Profit (loss) for the period (+)/(-)	9904	384.415.851,39	45.639.206,69
Transfer from untaxed reserves	789
Transfer to untaxed reserves	689	105.016,33
Profit (loss) for the period available for appropriation (+)/(-)	9905	384.310.835,06	45.639.206,69

APPROPRIATION ACCOUNT

	Codes	Period	Previous period
Profit (loss) to be appropriated (+)/(-)	9906	2.958.930.817,94	3.034.254.116,25
Gain (loss) to be appropriated (+)/(-)	(9905)	384.310.835,06	45.639.206,69
Profit (loss) to be carried forward (+)/(-)	14P	2.574.619.982,8 8	2.988.614.909,56
Transfers from capital and reserves	791/2
from capital and share premium account	791
from reserves	792
Transfers to capital and reserves	691/2	18.383.687,32	2.281.960,33
to capital and share premium account	691
to the legal reserve	6920	18.383.687,32	2.281.960,33
to other reserves	6921
Profit (loss) to be carried forward (+)/(-)	(14)	2.926.715.970,32	2.574.619.982,8
Owner's contribution in respect of losses	794		8
Profit to be distributed	694/6	13.831.160,30	457.352.173,04
Dividends	694		416.967.355,00
Director's or manager's entitlements	695
Other beneficiaries	696	13.831.160,30	40.384.818,04

	Codes	Period	Previous period
CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8022	678.990.897,63
Sales and disposals	8032	32.359.038,89
Transfers from one heading to another (+)/(-)	8042
Acquisition value at the end of the period	8052	646.631.858,74
Depreciation and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8072	67.611.213,13
Written back	8082
Acquisitions from third parties	8092	363.198.461,86
Cancelled owing to sales and disposals	8102	9.965.974,63
Transfers from one heading to another (+)/(-)	8112
Depreciation and amounts written down at the end of the period	8122	420.843.700,36
NET BOOK VALUE AT THE END OF THE PERIOD	211	225.788.158,38

	Codes	Period	Previous period
GOODWILL
Acquisition value at the end of the period	8053P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8023	14.074.456,80
Sales and disposals	8033	47.032,10
Transfers from one heading to another (+)/(-)	8043
Acquisition value at the end of the period	8053	14.027.424,70
Depreciation and amounts written down at the end of the period	8123P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8073	2.785.232,99
Written back	8083
Acquisitions from third parties	8093	7.000.607,54
Cancelled owing to sales and disposals	8103
Transfers from one heading to another (+)/(-)	8113
Depreciation and amounts written down at the end of the period	8123	9.785.840,53
NET BOOK VALUE AT THE END OF THE PERIOD	212	4.241.584,17

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Previous period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8161	38.808.093,54
Sales and disposals	8171	1.568.285,37
Transfers from one heading to another (+)/(-)	8181
Acquisition value at the end of the period	8191	37.239.808,17
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transfers from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251
Depreciation and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8271	1.720.064,79
Written back	8281
Acquisitions from third parties	8291	1.746.615,08
Cancelled owing to sales and disposals	8301
Transfers from one heading to another (+)/(-)	8311
Depreciation and amounts written down at the end of the period	8321	3.466.679,87
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	33.773.128,30

	Codes	Period	Previous period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8162	339.418.941,53
Sales and disposals	8172	36.747.417,60
Transfers from one heading to another (+)/(-)	8182
Acquisition value at the end of the period	8192	302.671.523,93
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transfers from one heading to another (+)/(-)	8242
Revaluation surpluses at the end of the period	8252
Depreciation and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8272	51.885.483,41
Written back	8282
Acquisitions from third parties	8292	193.528.626,98
Cancelled owing to sales and disposals	8302	36.982.456,38
Transfers from one heading to another (+)/(-)	8312
Depreciation and amounts written down at the end of the period	8322	208.431.654,01
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	94.239.869,92

	Codes	Period	Previous period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8163	19.928.275,12
Sales and disposals	8173
Transfers from one heading to another (+)/(-)	8183
Acquisition value at the end of the period	8193	19.928.275,12
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another (+)/(-)	8243
Revaluation surpluses at the end of the period	8253
Depreciation and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8273	1.778.908,62
Written back	8283
Acquisitions from third parties	8293	5.211.549,53
Cancelled owing to sales and disposals	8303	191,30
Transfers from one heading to another (+)/(-)	8313
Depreciation and amounts written down at the end of the period	8323	6.990.266,85
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	12.938.008,27

	Codes	Period	Previous period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8165	696.174,87
Sales and disposals	8175	8.836,30
Transfers from one heading to another (+)/(-)	8185
Acquisition value at the end of the period	8195	687.338,57
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transfers from one heading to another (+)/(-)	8245
Revaluation surpluses at the end of the period	8255
Depreciation and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8275	70.079,08
Written back	8285
Acquisitions from third parties	8295	45.890,99
Cancelled owing to sales and disposals	8305
Transfers from one heading to another (+)/(-)	8315
Depreciation and amounts written down at the end of the period	8325	115.970,07
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	571.368,50

	Codes	Period	Previous period
ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8166	10.638.989,63
Sales and disposals	8176	23.864,99
Transfers from one heading to another (+)/(-)	8186
Acquisition value at the end of the period	8196	10.615.124,64
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
Transfers from one heading to another (+)/(-)	8246
Revaluation surpluses at the end of the period	8256
Depreciation and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306
Transfers from one heading to another (+)/(-)	8316
Depreciation and amounts written down at the end of the period	8326
NET BOOK VALUE AT THE END OF THE PERIOD	(27)	10.615.124,64

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	14.811.055.006,51
Movements during the period
Acquisitions, including produced fixed assets	8361
Sales and disposals	8371	235.547.999,56
Transfers from one heading to another (+)/(-)	8381
Acquisition value at the end of the period	8391	14.575.507.006,95
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx	6.527.552,07
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transfers from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451	6.527.552,07
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8471
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501
Transfers from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	14.582.034.559,02
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx	250.000.021,20
Movements during the period
Additions	8581
Repayments	8591
Amounts written down	8601
Amounts written back	8611
Exchange differences (+)/(-)	8621
Other (+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)	250.000.021,20
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8651

	Codes	Period	Previous period
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxxxx	815.657,54
Movements during the period
Acquisitions, including produced fixed assets	8362
Sales and disposals	8372
Transfers from one heading to another (+)/(-)	8382
Acquisition value at the end of the period	8392	815.657,54
Revaluation surpluses at the end of the period	8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8412
Acquisitions from third parties	8422
Cancelled	8432
Transfers from one heading to another (+)/(-)	8442
Revaluation surpluses at the end of the period	8452
Amounts written down et the end of the period	8522P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8472
Written back	8482
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502
Transfers from one heading to another (+)/(-)	8512
Amounts written down at the end of the period	8522
Uncalled amounts at the end of the period	8552P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8542
Uncalled amounts at the end of the period	8552
NET BOOK VALUE AT THE END OF THE PERIOD	(282)	815.657,54
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	283P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8582
Repayments	8592
Amounts written down	8602
Amounts written back	8612
Exchange differences (+)/(-)	8622
Other (+)/(-)	8632
NET BOOK VALUE AT THE END OF THE PERIOD	(283)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8652

	Codes	Period	Previous period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8363	223.536,00
Sales and disposals	8373
Transfers from one heading to another (+)/(-)	8383
Acquisition value at the end of the period	8393	223.536,00
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transfers from one heading to another (+)/(-)	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8473
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503
Transfers from one heading to another (+)/(-)	8513
Amounts written down at the end of the period	8523
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx
Movements during the period (+)/(-)	8543
Uncalled amounts at the end of the period	8553
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	223.536,00
OTHER ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8583	2.384,26
Repayments	8593
Amounts written down	8603
Amounts written back	8613
Exchange differences (+)/(-)	8623
Other (+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	2.384,26
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8653

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

List of both enterprises in wich the enterprise holds a participating interest (recorded in the heading 28 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 28 and 50/53 of assets) in the amount of at least 10% of the capital issued.

		Shares held by		Information from the most recent period for which annual accounts are available
NAME, full address of the REGISTERED OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number %		%	financial statement	tary unit	(+) or (-) (in monetary units)
KBC BANK PLC Havenlaan 2 1080 Brussel 8 Belgium 0462.920.226				31/12/2012	EUR	9.856.902.000	-447.402.000
Ordinary shares KBC VERZEKERINGEN PLC Professor Roger Van Overstraetenplein 2 3000 Leuven Belgium 0403.552.563	915228481	99,99	0,01	31/12/2012	EUR	1.868.554.855	786.732.879
Ordinary shares OMNIA CALL Parijsstraat 50 3000 Leuven Belgium 0413.646.305	1050905	99,99	0,01	31/12/2012	EUR	1.768.664	279.851
Ordinary shares KBC ASSET MANAGEMENT PLC Havenlaan 2 1080 Brussel 8 Belgium 0469.444.267	1	0,01	99,99	31/12/2012	EUR	124.575.000	252.778.000
Ordinary shares KREDIETCORP SA FC Rue Notre Dame 37 L-2955 Luxembourg Luxembourg	2776160	48,14	51,86	31/12/2012	EUR	56.091.751	840.044
Ordinary shares GEBEMA PLC Septestraat 27 2640 Mortsel Belgium 0461.454.338	12667 100,00		0,00	31/12/2012	EUR	9.412.709	33.266
Ordinary shares KB CONSULT PLC Havenlaan 2 1080 Brussel 8 Belgium 0437.623.220	992999	99,99	0,01	31/12/2012	EUR	882.473	-8.366
Ordinary shares	174	0,05	99,95

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED	Shares held by			Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by Belgian law, the COMPANY NUMBER	directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
	Number	%	%	financial statement	tary unit	(+) or (-) (in monetary units)
ARDA-IMMO PLC Interleuvenlaan 16 3001 Heverlee Belgium 0474.415.914 Ordinary shares 24+ PLC Pastoor Coplaan 100 2070 Zwijndrecht Belgium 0895.810.836	61713 3075	19,06 50,00	0,00 50,00	31/12/2012 31/12/2012	EUR EUR	3.266.607 675.634	511.760 280.146
Ordinary shares

OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS)

	Codes	Period	Previous period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares	51	1.406,27	1.406,27
Book value increased with the uncalled amount	8681	1.406,27	1.406,27
Uncalled amount	8682
Fixed income securities	52
Fixed income securities issued by credit institutions	8684
Fixed term deposit with credit institutions	53		375.000.000,00
Falling due
less or up to one month	8686
between one month and one year	8687		375.000.000,00
over one year	8688
Other investments not yet shown seperately	8689

DEFFERED CHARGES AND ACCRUED INCOME

Allocation of heading 490/1 of assets if the amount is significant.

Deferred charges 23.405.011,49 Accrued income 10.626.828,49

Period

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

STATEMENT OF CAPITAL

Social capital

Issued capital at the end of the period
Issued capital at the end of the period

Codes	Period	Previous period
100P	XXXXXXXXXXXXXX	1.450.401.447,91
(100)	1.451.783.018,35

	Codes	Amounts	Number of shares
Changes during the period:
Capital increase		1.381.570,44	397.003
Structure of the capital Different categories of shares
No-par shares		1.451.783.018,35	417.364.358
Registered shares	8702	XXXXXXXXXXXXXX	70.750.636
Bearer shares and/or dematerialized shares	8703	XXXXXXXXXXXXXX	346.613.722

	Codes	Uncalled capital	Capital called, but not paid
Capital not paid
Uncalled capital	(101)		XXXXXXXXXXXXXX
Capital called, but not paid	8712	XXXXXXXXXXXXXX
Shareholders having yet to pay up in full

	Codes	Period
OWN SHARES
Held by the company itself
Amount of capital held	8721	2.782,76
Number of shares held	8722	800
Held by the subsidiaries
Amount of capital held	8731	6,96
Number of shares held	8732	2
Commitments to issue shares
Following the exercising of CONVERSION RIGHTS
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Following the exercising of SUBSCRIPTION RIGHTS
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorized capital, not issued	8751	698.618.429,56

STATEMENT OF CAPITAL AND STRUCTURE OF SHAREHOLDINGS

	Codes	Period
Shared issued, not representing capital
Distribution
Number of shares held	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidairies	8781

STRUCTURE OF SHAREHOLDINGS OF THE ENTERPRISE AS AT THE ANNUAL BALANCING OF THE BOOKS, AS IT APPEARS FROM THE STATEMENT RECEIVED BY THE ENTERPRISE

See Annual Report

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

	Period
ALLOCATION OF THE HEADING 163/5 OF LIABILITIES IF THE AMOUNT IS CONSIDERABLE
Provision for the variable selling price of a participation	1.000.000,00
Provision for disability benefits	508.547,72
Provision for future commitments	459.120,28
Provision for other liabilities and charges	537.995,78

Financial debts	8801	13.546.747,93
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841	13.546.747,93
Other loans	8851
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments received on contracts in progress	8891
Other amounts payable	8901
Total amounts payable after more than one year, not more than one year	(42)	13.546.747,93
Amounts payable after more than one year, between one and five years
Financial debts	8802	604.866.685,63
Subordinated loans	8812
Unsubordinated debentures	8822	581.197.424,78
Leasing and other similar obligations	8832
Credit institutions	8842	23.669.260,85
Other loans	8852
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments received on contracts in progress	8892
Other amounts payable	8902
Total amounts payable after more than one year, between one and five years	8912	604.866.685,63
Amounts payable after more than one year, over five years
Financial debts	8803	2.365.217.745,28
Subordinated loans	8813	2.333.333.298,5
Unsubordinated debentures	8823	0
Leasing and other similar obligations	8833
Credit institutions	8843	31.884.446,78
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments received on contracts in progress	8893
Other amounts payable	8903	192.295,97
Total amounts payable after more than one year, over five years	8913	2.365.410.041,25

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments received on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authorities	9061
Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets	9062
AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (heading 450/3 of the liabilities)
Expired taxes payable	9072
Non expired taxes payable	9073	1.523.825,16
Estimated taxes payable	450
Remuneration and social security (heading 454/9 of the liabilities)
Amount due to the National Office of Social Security	9076
Other amounts payable relating to remuneration and social security	9077	79.640.399,51

ACCRUED CHARGES AND DEFERRED INCOME

Allocation of the heading 492/3 of liabilities if the amount is considerable

Accrued charges 45.791.513,05 Deferred income 1.068.219,68

Period

OPERATING RESULTS

	Codes	Period	Previous period
OPERATING INCOME
Net turnover
Broken down by categories of activity
Allocation into geographical markets
Belgian customers		836.621.369,83
Customers E.U.		179.321.457,40
Customers outside E.U.		1.152.059,01
Other operating income
Total amount of subsidies and compensatory amounts obtained from public authorities	740
OPERATING COSTS
Employees for whom the company has submitted a DIMONA declaration or are recorded in the general personnel register
Total number at the closing date	9086	5.702	41
Average number of employees calculated in full-time equivalents	9087	5.565,5	40,4
Number of actual worked hours	9088	7.785.931	61.787
Personnel costs
Remuneration and direct social benefits	620	323.180.178,32	3.864.264,02
Employers' social security contributions	621	94.130.240,47	1.193.776,37
Employers' premiums for extra statutory insurances	622	23.356.750,54	383.784,69
Other personnel costs	623	21.934.250,29	199.716,97
Old-age and widows' pensions	624
Provisions for pensions
Additions (uses and write-back) (+)/(-)	635	-809.990,32
Amounts written off
Stocks and contracts in progress
Recorded	9110
Written back	9111
Trade debtors
Recorded	9112
Written back	9113	279.535,46
Provisions for risks and charges
Additions	9115	8.344.714,92
Uses and write-back	9116	9.932.313,19
Other operating charges
Taxes related to operation	640	1.713.803,69	188.095,24
Other charges	641/8	23.469.181,29	1.537,50
Hired temporary staff and persons placed at the enterprise's disposal
Total number at the closing date	9096
Average number calculated as full-time equivalents	9097
Number of actual worked hours	9098	4
Charges to the enterprise	617	295,00

FINANCIAL AND EXTRAORDINARY RESULTS

	Codes	Period	Previous period
FINANCIAL RESULTS
Other financial income
Amount of subsidies granted by public authorities, credited to income for the period
Capital subsidies	9125
Interest subsidies	9126
Allocation of other financial income
Income premiums stock option			11.395.329,30
Income Credit Default Swap			361.233,13
Allowance unexercised options			1.716.013,55
Proceeds on refund bond after credit event			235.500.000,00
Exchange differences		5.413.533,97
Other financial income		18.492,96
Amounts written down off loan issue expenses and repayment premiums	6501
Intercalary interests recorded as assets	6503
Value adjustments to current assets
Appropriations	6510
Write-backs	6511		119.827.474,99
Other financial charges
Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653
Provisions of a financial nature
Appropriations	6560
Uses and write-backs	6561
Allocation of other financial charges
issue costs			825.000,00
Exchange differences			1.149,93
Compensation settlement on refund bond after credit event			235.500.000,00
Other financial charges		2.724.823,17	70.051,05
Result from the conversion of foreign currency		3.321.452,12
Loss on the exercise of options		2.932,40

	Period
EXTRAORDINARY RESULTS
Allocation other extraordinary income
Indemnification	125,31
Allocation other extraordinary charges
Miscellaneous	6.551,83

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXE
Income taxes on the result of the current period	9134	4.366.795,13
Income taxes paid and withholding taxes due or paid	9135	4.368.927,58
Excess of income tax prepayments and withholding taxes recorded under assets	9136	2.132,45
Estimated additional taxes	9137
Income taxes on previous periods	9138
Taxes and withholding taxes due or paid	9139
Estimated additional taxes estimated or provided for	9140
In so far as income taxes of the current period are materially affected by differences between the profit before taxes, as stated in the annual accounts, and the estimated taxable profit
Movements in taxable reserves and provisions		1.497.955,73
The specific tax regime regarding gains and losses and valuation gains on shares		27.815.758,27
The application of the foreign tax credit scheme on dividends received.		-997.228.158,94
Disallowed expenses (other than write-downs, losses on shares and corporate taxes).		593.438.821,23

An indication of the effect of extraordinary results on the amount of income taxes relating to the current period

- incurred losses on shares under financial fixed assets - provision for extraordinary charges	-27.813.324,87 - 1.000.000,00
	Codes	Period

Status of deferred taxes
Deferred taxes representing assets	9141	45.295.629,63
Accumulated tax losses deductible from future taxable profits	9142	7.475.698,66
Other deferred taxes representing assets
Excess foreign tax credits		37.819.930,97
Deferred taxes representing liabilities	9144
Allocation of deferred taxes representing liabilities

	Codes	Period	Previous Period
THE TOTAL AMOUNT OF VALUE ADDED TAX AND TAXES BORNE BY THIRD PARTIES
The total amount of value added tax charged
To the enterprise (deductible)	9145	21.329.009,83	14.816,81
By the enterprise	9146	30.231.097,38	1.885.199,56
Amounts retained on behalf of third parties for
Payroll withholding taxes	9147	87.178.045,04	4.492.430,84
Withholding taxes on investment income	9148	47.812.251,00	1.310.922,50

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Code	Period
PERSONAL GUARANTEES GIVEN OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153
REAL GUARANTEES
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from the enterprise
Mortgages
Book value of the immovable proporties mortgaged	9161
Amount of registration	9171
Pledging on goodwill - amount of registration	9181
Pledging of other assets - Book value of other assets pledged	9191
Guarantees provided on future assets - Amount of assets involved	9201
Real guarantees given or irrevocably promised by the enterprise on its own assets as a security of debts and commitments from third parties
Mortgages
Book value of the immovable proporties mortgaged	9162
Amount of registration	9172
Pledging on goodwill - amount of registration	9182
Pledging of other assets - Book value of other assets pledged	9192
Guarantees provided on future assets - Amount of assets involved	9202
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
SUBSTANCIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
SUBSTANCIAL COMMITMENTS TO DISPOSE FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213
Goods sold (to be delivered)	9214
Currencies purchased (to be received)	9215
Currencies sold (to be delivered)	9216

INFORMATION RELATING TO TECHNICAL GUARANTEES, IN RESPECT OF SALES OR SERVICES

INFORMATION CONCERNING IMPORTANT LITIGATION AND OTHER COMMITMENTS NOT MENTIONED ABOVE

IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES

All members of staff are covered by a supplementary pension scheme that includes an additional death benefit, orphan's annuity and invalidity benefits. The amount covered under these schemes (which are defined benefit schemes) depends on the average final salary, number of years of service and age at the time of retirement.

These pension schemes are financed entirely by the employer through annual contributions that are recognised in the income statement.

IF THEREIS A SUPPLEMENTARY RETIREMENTS OR SURVIVOR'S PENSION PLAN IN FAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE, A BRIEF DESCRIPTION OF SUCH PLAN OF THE MEASURES TAKEN BY THE ENTERPRISE TO COVER THE RESULTING CHARGES

These contributions, calculated on an actuarial basis using the aggregate cost method, are transferred to the Pensioenfonds KBC OFP (KBC pension fund for employees) and the Pensioenfonds Senior Management KBC OFP (KBC pension fund for senior management), whose specific task is to manage the accrued reserves, to pay out the supplementary pension benefit and to carry out the necessary administration.

Members of the Executive Committee also benefit from a supplementary pension scheme that is based on similar principles.

In addition, staff may contribute to a supplementary pension scheme (capitalisation system). It is based solely on members' personal contributions which are deducted directly from their salaries. The bank guarantees capitalisation of the amounts contributed at an interest rate of 4.75% per year for the period up to and including 30 June 1999, and a rate of 3.75% for the period from 1 July 1999, up to the time the benefit is paid out. Management of the reserves accrued in this way, their payment and associated administration is the responsibility of the Pensioenfonds KBC OFP and Pensioenfonds Senior Management KBC OFP.

During 2012, a collective labour agreement was concluded for the introduction of a defined contribution plan on 1 January 2014 (mandatory for new employees and voluntary for existing members). For the target group in question, this plan will replace the defined benefit plan funded by the employer. No changes at all have been made to the plan funded solely by members' personal contributions.

	Code	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting for the enterprise from past services	9220

Methods of estimation

......................... .. NATURE AND BUSINESS PURPOSE OF OFF-BALANCE SHEET ARRANGEMENTS

Provided the risks or benefits arising from such arrangements are material and where the disclosure of such risks or benefits is necessary for assessing the financial position of the company; if required, the financial impact of these arrangements have to be mentioned too:

KBC Group NV is the representative of a VAT unit.

KBC Group NV irrevocably and unconditionally guarantees all of the liabilities - referred to in Section 5 (c) of the Irish Companies (Amendment) Act 1986 - of the following Irish companies in respect of the financial year ending on 31 December 2013 allowing these companies to be eligible for exemption from certain disclosure requirements, pursant to Section 17 of the Irish Companies (Amendment) Act 1986 :

• KBC Financial Services (Ireland) Limited.

• KBC Fund Managemend Limited.

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE

	Codes	Period	Previous period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	14.832.034.580,22	15.067.582.579,78
Investments	(280)	14.582.034.559,02	14.817.582.558,58
Amounts receivable subordinated	9271	250.000.021,20	250.000.021,20
Other amounts receivable	9281
Amounts receivable	9291	26.609.285,44	116.748,99
After one year	9301
Within one year	9311	26.609.285,44	116.748,99
Current investments	9321
Shares	9331
Amounts receivable	9341
Amounts payable	9351	285.759.079,74	6.943.838,10
After one year	9361	188.599.680,63	2.434.063,68
Within one year	9371	97.159.399,11	4.509.774,42
Personal and real guarantees
Provided or irrevocably promised by the enterprise, as security for debts or
commitments of affiliated enterprises	9381	2.114.629.304,00	2.507.846.730,00
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other substancial financial commitments	9401
Financial results
Income from financial fixed assets	9421	1.092.523.312,00	912.519.418,12
Income from current assets	9431	5.155.905,76	9.629.598,22
Other financial income	9441		13.113.546,79
Debts charges	9461	3.384.758,35	1.770.572,76
Other financial charges	9471	2.489.258,98	235.514.815,47
Gains and losses on disposal of fixed assets
Obtained capital gains	9481	499,00
Obtained capital losses	9491	27.813.324,87	5.500.000,00
ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	(282/3)	815.657,54	815.657,54
Investments	(282)	815.657,54	815.657,54
Amounts receivable subordinated	9272
Other amounts receivable	9282
Amounts receivable	9292
After one year	9302
Within one year	9312
Amounts payable	9352
After one year	9362
Within one year	9372

TRANSACTIONS WITH RELATED PARTIES OUTSIDE NORMAL MARKET CONDITIONS

Mention of such operations if they are material, stating the amount of these transactions, the nature of the relationship with the related party and other information about the transactions necessary for the understanding of the financial position of the company:

Nil

	Codes	Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS, OTHER ENTERPRISES CONTROLLED BY THE SUB B. MENTIONED PERSONS WITHOUT BEING ASSOCIATED THEREWITH
Amounts receivable from these persons	9500
Conditions on amounts receivable
Guarantees provided in their favour	9501
Guarantees provided in their favour - Main condition
Other significant commitments undertaken in their favour	9502
Other significant commitments undertaken in their favour - Main condition
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503	5.099.613,28
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	162.406,00
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	10.035,00
Tax consultancy	95062
Other missions external to the audit	95063	114.534,00
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082
Other missions external to the audit	95083

Mention related to article 133 paragraph 6 from the Companies Code

FAIR VALUE OF FINANCIAL DERIVATIVES NOT MEASURED AT FAIR VALUE WITH INDICATION ABOUT THE NATURE AND THE VOLUME OF THE INSTRUMENTS

Interest Rate Swap 7.237.567,46

Period

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION THAT MUST BE PROVIDED BY EACH COMPANY, THAT IS SUBJECT OF COMPANY LAW ON THE CONSOLIDATED ANNUAL ACCOUNTS OF ENTERPRISES

The enterprise has drawn up publiced a consolidated annual statement of accounts and a management report*

The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason*

The enterprise and its subsidiaries on consolidated basis exceed not more than one of the limits mentioned in art. 16 of Company Law*

The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts, in which her yearly statement of accounts is included*

If yes, justification of the compliance with all conditions for exemption set out in art. 113 par. 2 and 3 of Company Law:

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company preparing and publishing the consolidated accounts required:

INFORMATION TO DISCLOSE BY THE REPORTING ENTERPRISE BEING A SUBSIDIARY OR A JOINT SUBSIDIARY

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included**

If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained**

^* Delete where no appropriate.

^** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published.

SOCIAL REPORT

Numbers of joint industrial committees which are competent for the enterprise: 310

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE COMPANY HAS SUBMITTED A DIMONA DECLARATION OR ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	2.983,0	2.226,0	757,0
Part-time	1002	1.444,0	456,0	988,0
Total of full-time equivalents (FTE)	1003	4.026,2	2.546,6	1.479,6
Number of hours actually worked
Full-time	1011	4.287.963	3.256.502	1.031.461
Part-time	1012	1.313.301	390.961	922.340
Total	1013	5.601.264	3.647.463	1.953.801
Personnel costs
Full-time	1021	304.753.459,13	235.608.778,35	69.144.680,78
Part-time	1022	90.928.108,41	30.191.179,68	60.736.928,73
Total	1023	395.681.567,54	265.799.958,03	129.881.609,51
Advantages in addition to wages	1033	7.609.469,64	5.111.677,87	2.497.791,77

During the previous period	Codes	P. Total	1P. Men	2P. Women
Average number of employees	1003	40,4	26,4	14,0
Number of hours actually worked	1013	61.787	40.792	20.995
Personnel costs	1023	5.519.513,00	3.969.871,00	1.549.642,00
Advantages in addition to wages	1033	122.029,42	87.768,79	34.260,63

At the closing date of the period	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees	105	2.927	1.444	3.970,2
By nature of the employment contract
Contract for an indefinite period	110	2.926	1.443	3.968,8
Contract for a definite period	111	1	1	1,4
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to the gender and by level of education Male	120	2.178	466	2.504,4
primary education 1200
secondary education	1201	251	185	373,0
higher education (non-university)	1202	910	182	1.042,6
university education	1203	1.017	99	1.088,8
Female	121	749	978	1.465,8
primary education	1210
secondary education	1211	86	308	285,6
higher education (non-university)	1212	304	382	596,6
university education	1213	359	288	583,6
By professional category
Management staff	130	63	2	63,7
Employees	134	2.864	1.442	3.906,5
Workers	132
Other	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Temporary personnel	2. Persons placed at the disposal of the enterprise
Average number of employees	150
Number of hours actually worked	151	4
Charges of the enterprise	152	295,00

TABLE OF PERSONNEL CHANGES DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees for whom the company has submitted a DIMONA declaration or are recorded in the personnel register during the financial year in the general personnel register	205	3.022	1.460	4.080,2
By nature of the employment contract
Contract for an indefinite period	210	3.020	1.460	4.078,2
Contract for a definite period	211	2		2,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
The number of employees with a in the DIMONA declaration indicated or in the general personnel register listed date of termination of the contract during the financial year	305	98	54	134,8
By nature of the employment contract
Contract for an indefinite period	310	98	54	134,8
Contract for a definite period	311
Contract for the execution of a specifically assigned work	312
Replacement contract	313
According to the reason for termination of the employment contract
Retirement	340	10	24	23,9
Unemployment with company allowance	341
Dismissal	342	10	6	14,5
Other reason	343	78	24	96,4
Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

INFORMATION WITH REGARD TO TRAINING RECEIVED BY EMPLOYEES DURING THE PERIOD

Total number of official advanced professional training projects at company expense	Codes	Male	Codes	Female
Number of participating employees	5801	1.835	5811	1.128
Number of training hours	5802	35.063	5812	21.450
Costs for the company	5803	5.450.521,00	5813	3.350.511,00
of which gross costs directly linked to the training	58031	5.450.521,00	58131	3.350.511,00
of which paid contributions and deposits in collective funds	58032		58132
of which received subsidies (to be deducted)	58033		58133
Total number of less official and unofficial advance professional training projects at company expense
Number of participating employees	5821	828	5831	490
Number of training hours	5822	4.728	5832	2.852
Costs for the company	5823	567.114,00	5833	335.611,00
Total number of initial professional training projects at company expense
Number of participating employees	5841		5851
Number of training hours	5842		5852
Costs for the company	5843		5853

1. FORMATION EXPENSES

Capital increase expenses are directly recognised in full in the result of the financial year in which the capital increase takes place.

2. INTANGIBLE FIXED ASSETS

2.1. General

All intangible fixed assets are recorded at acquisition cost, less accumulated depreciation.They are amortised pro rata temporis on a daily basis.

Supplementary or extraordinary amortisation charges are applied if, due to changes in economic or technological circumstances, the relevant carrying value exceeds the value in use.

When intangible fixed assets are sold, realised gains or losses are taken immediately to the income statement. If these assets are destroyed, the remaining amount to be written off, is charged directly to profit or loss.

2.2. Goodwill

'Goodwill' means:

• the positive difference between the acquisition price and the net value of the company (or branch of activity) acquired.

• the positive difference between the contract value of the business entity transferred and its net worth.

Capitalised goodwill is written off according to the straight-line method over a period of five years, unless the Board of Directors decides otherwise.

2.3. Software

In order to optimise the synergy effect of the KBC merger in Belgium, in principle (and apart from possible exceptions), all software in that company is capitalised, with the costs of using the software being charged on to users according to actual use and on a 'cost-sharing' basis.

Since financial year 2004, all acquisitions of software have been capitalised in full, where the conditions for capitalisation are satisfied. Other expenditure relating to the acquisition of software is also capitalised and amortised over the software's economic life.

The following distinctions are drawn as regards software:

- System software

'System software' is the initial software linked to the acquisition of hardware, whose installation is needed for the hardware to function. It is software that governs internal operation of the computer and ensures communication with the configuration or the network, and thus includes operating systems, support software and compilers. By purchasing the hardware, KBC generally acquires a lifetime user's licence.

System software is amortised at the same rate as hardware, i.e. over three years, according to the straight-line method.

- Standard software

'Standard software' means software purchased from third parties, more particularly the 'applications software' referred to by the Commission for Accounting Standards (CAS), which includes product-linked software, management software, database software, communications software, infrastructure software, security software and development software, in other words, all software that is not operating software and that has a useful life of several years. Standard software is capitalised and amortised over five years according to the straight-line method.

- Customised and tailor-made software

Some purchased software programmes and/or software models are customised before being delivered or put into use. This type of software, developed on a bespoke basis as an addition to existing standard software, is referred to in its entirety as 'customised software'. 'Tailor-made software' means customised software that has been developed from scratch at the request of the KBC group and to its specifications, and has not therefore been added to existing software.

All charges relating to continuity projects, as well as research expenses for investments, are recorded directly in the income statement. Development expenses (both internal and external) for investments are capitalised as an intangible fixed asset and written off over a period of five years. The product department is responsible for interpreting these accounting principles.

In this framework, KBC proposes the following rules:

In the following instances, the cost of software developed externally is capitalised and amortised over five years according to the straight-line method:

• Customised software developed by a third party. A further requirement is that this customisation and delivery of the basic software be accepted as a whole.

Subsequent changes and/or additions to customised software are recorded as an expense, even if the additional development occurs with external help.

• Tailor-made software that is developed by a third party in accordance with the specifications of the KBC group, provided that the entire project is entrusted to that third party.

• The 'implementation' of standard software, tailor-made software and customised software by third parties, if this is clearly an investment in nature (see conditions in terms of the CAS's opinion, all of which must be met). The KBC staff charges for implementation are not capitalised, however.

Up to and including financial year 2004, only software licences and fixed time/fixed price contracts were capitalised under Bel GAAP

(hence not time-recorders). Since 2005, external development costs for investment projects based on time recorded (subcontractors who charge for 'time and material') have also been capitalised.

Since financial year 2008, internal development costs of new investments have also been capitalised on a time-recorded basis at fixed man-day prices (including overheads).

Amortisation is not recognised until such time as the asset is available for use.

3. TANGIBLE FIXED ASSETS

3.1. General

All tangible fixed assets are recorded at acquisition cost, less accumulated depreciation. Tangible fixed assets are depreciated pro rata temporis on a daily basis.

All tangible fixed assets are recorded at acquisition cost, including ancillary, directly allocable costs (acquisition costs, non-deductible VAT, demolition expenses, etc.). These additional costs are also written off over the life of the asset.

Supplementary or extraordinary depreciation charges are applied if, due to changes in economic or technological circumstances, the relevant carrying value exceeds the value in use.

When tangible fixed assets are sold, realised gains or losses are taken immediately to the income statement.

If these assets are destroyed, the remaining amount to be written off is charged directly to profit or loss.

Tangible fixed assets that exhibit an incontestable and lasting capital gain compared to their carrying value may be revalued. This capital gain is written off over the average residual useful life of the asset in question.

3.2. Movable property

3.2.1. Difference between charges and investments

Items of property and equipment listed on the SAP list of moveable property with description codes are capitalised. An item of property or equipment not on the list with description codes is capitalised if it costs more than 250 euros (excl. VAT). For works of art, the limit is 2 500 euros (excluding VAT). If the cost is between 250 and 2 500 euros, however, the item is considered as 'decoration' and capitalised and written off over ten years according to the straight-line method as in the case of furniture. 'Decorative items' costing less than 250 euros are recorded as charges.

3.2.2. Furniture and vehicles

Since financial year 2006, moveable property (mainly furniture) used on administrative premises of KBC Bank and KBC Insurance have been centrally purchased, capitalised and managed. Furniture is depreciated at 10% over ten years according to the straight-line method. Since financial year 2007, vehicles have also been capitalised. Vehicles are depreciated at 25%, including non-deductible VAT, on a straight-line basis over four years.

3.2.3. Plant, machinery and equipment

A distinction is made between various types of installations, each being depreciated at a specific rate (in line with customary practice). It is standard practice to depreciate installations, machinery and equipment designated as hardware according to the straight-line method over a period of three years, such as in the case of personal computers, printers and servers. Machinery that is leased is also depreciated over three years.

Exceptions to this rule:

• Alarm installations: ten years
• Telephone switchboards: five years
• Cabling: five years

• Industrial plant: ten years

• ATMs: five years

4. FINANCIAL FIXED ASSETS AND CURRENT INVESTMENTS

4.1. Participating interests and other portfolio securities

Participating interests and shares are valued at acquisition cost, per set identified. The securities sold are valued using the method of separating out the price of each component. Additional costs incurred on acquisition of securities are charged immediately to the results for the financial year.

If, when the securities are valued at the end of the financial year, it is established that they have fallen in value and that this decline is considered real and lasting in nature, an amount equal to the decline in value identified will be written down for the securities in question. To establish the real and lasting nature of the decline in value, the Board of Directors may take the following as a basis. For listed securities:

• the trend in the share price;

• changes in net worth according to the annual accounts;

• the performance of and outlook with regard to profitability.

For unlisted securities:

• changes in net worth according to the annual accounts;

• the performance of and outlook with regard to profitability.

If a security on which such a write-down had already been posted exhibits a lasting increase in value, the write-down will be reversed in whole or in part.

Participating interests, shares and share certificates classified as financial fixed assets may be revalued if, in light of their usefulness to the company, they exhibit an incontestable and lasting increase in value.

Listed shares and other variable-yield securities are valued at the lower of their acquisition cost and market value at balance sheet date. Other securities are valued at least once a year, based on the annual accounts for the past year. File administrators are responsible for ensuring that any significant negative changes during the course of the year are also dealt with.

4.2. Own shares (Treasury shares)

The treasury shares KBC Group has in portfolio, are made up of two types of shares that must be valued and monitored separately:

• treasury shares held for the purpose of employee stock option plans are valued at their acquisition cost. If the options are not exercised on the expiry date (because the share price is too low), the shares in question will be cancelled, without having any impact on the result. If there is a legal obstacle blocking cancellation of the shares in question, these shares will be valued as shares that were purchased under the KBC share buyback programme (see below).

When the share options are exercised (the first time was in 2004), the treasury shares repurchased for this purpose are sold. They are removed from the accounts according to the First In, First Out (FIFO) method (at the acquisition cost of the first shares repurchased).

• treasury shares that are purchased under the KBC share buyback programme are valued per set identified at the lower of their acquisition value and market value at balance sheet date. When they are sold, they are valued (just like shares in the investment portfolio) according to the method of separating out the price of each component.

As long as both types of treasury share are recorded as on-balance-sheet assets, a reserve not available for distribution has to be set aside. When the shares are cancelled, the reserve not available for distribution is reversed. If amounts are written down on the type 2 treasury shares, this amount is transferred directly from the reserve not available for distribution to the reserve available for distribution.

4.3. Amounts receivable

These are recognised at nominal value. However, amounts receivable represented by fixed-income securities are valued at acquisition cost, plus or less the accrued portion of the premium or discount. The premium or discount is recognised pro rata temporis, on a discounted basis, in the income statement over the remaining term to maturity.

Amounts receivable in foreign currency are recognised at their equivalent euro value using the fixed exchange rate applying at the end of the preceding month. For the purposes of valuation at the end of the financial year, the carrying value is adjusted according to the fixed exchange rate on 31 December.

The positive and negative translation differences are recognised in profit or loss.

If, at the close of the financial year, the realisation value of a receivable is lower than its carrying value, and if this decline in value can be considered real and lasting in nature, a write-down is applied in the amount of the decline identified. Security paid in cash by way of guarantee to public authorities or utilities is recorded in its nominal amount.

4.4. Security paid in cash

Security paid in cash by way of guarantee to public authorities or utilities is recorded in its nominal amount.

5. AMOUNTS RECEIVABLE AFTER MORE THAN ONE YEAR AND AMOUNTS RECEIVABLE WITHIN ONE YEAR

These are recognised at nominal value. However, amounts receivable represented by fixed-income securities are valued at acquisition cost. The rules set out in 4.3 apply to amounts receivable in foreign currency and to write-downs on receivables.

6. OTHER ASSETS

6.1. Stocks of warehoused items

Warehoused items comprise requisites for Print and Post-processing assignments. All items recognised under 'stocks of warehoused items' are valued for accounting purposes at the moving average price, calculated on the basis of the items' purchase price.

6.2. Orders in progress

Specific software developed by KBC for third parties is recognised under 'orders in progress'. This concerns the marketing of tailor-made software (i.e. software developed on a contractual basis and built entirely to the client's specifications). This software may have been developed from scratch by KBC or using purchased basic software.

The manufacturing price includes all costs that can be allocated directly to the project (e.g., third-party development costs, infrastructure, implementation of software). Maintenance and after-sales service is considered as a period expense.

6.3. Sundry other assets

All other asset items are recorded at nominal value. Amounts receivable in foreign currency are recognised at their equivalent euro value using the fixed exchange rate applying at the end of the preceding month. For the purposes of valuation at the end of the financial year, the carrying value is adjusted according to the fixed exchange rate on 31 December. The positive and negative translation differences are recognised in profit or loss.

6.4. Accrued charges, deferred income, deferred charges and accrued income

These items allow income and expenditure to be allocated to the proper accounting period. The option premiums received with regard to the issued stock option plans are recognised in the profit and loss account as and when, and to the extent that, the stock options expire or are exercised.

The option premiums set aside by the employer are recognised pro rata in the income statement as personnel expenses during the performance period (period between subscription and opportunity to exercise).

If employees who hold options transfer between KBC-group entities, the option premium paid (the part that has not yet been taken to the

income statement) is charged to the company the employee is transferring to.

III. LIABILITIES

1. AMOUNTS PAYABLE

These are recognised at nominal value. With regard to commercial paper, the difference between the amount made available and the nominal value is entered pro rata temporis in the income statement as an interest charge.

All amounts payable (i.e. amounts payable in respect of tax, remuneration and social security charges, dividends payable on own shares and invoices payable) of a fixed amount or that can be estimated accurately are required to be recorded at nominal value, even if not yet represented by an instrument. Amounts payable in foreign currency are recognised at their equivalent euro value using the fixed exchange rate applying at the end of the preceding month. For the purposes of valuation at the end of the financial year, the carrying value is adjusted according to the fixed exchange rate on 31 December. The positive and negative translation differences are recognised in profit or loss.

2. PROVISIONS

2.1. General

Provisions for liabilities and charges are intended to cover losses or charges whose nature is clearly defined and which, at the balance sheet date, are likely to be incurred and whose amount can be estimated with sufficient certainty. All provisions are IFRS-compliant. They are recorded in their gross amount. A deferred tax asset is recorded on taxable provisions.

2.2. Provisions for taxes

In anticipation of additional tax charges (not yet assessed) for past financial years, a provision may be set aside for the disputed portion of taxes. The undisputed portion of taxes yet to be assessed is recorded under the estimated tax liabilities on the liabilities side of the balance sheet.

The additional tax charges already assessed for past financial years are recognised in full under the tax liabilities on the liabilities side of the balance sheet. For the disputed portion of taxes that have been assessed, a claim (i.e. income) is recognised if an appeal has been/will be lodged and if it is sufficiently certain that the claim will stand. The claims recorded for disputed taxes are periodically subjected to an impairment test. Deferred taxes are recognised for all taxable temporary differences between the carrying value of an asset or liability and its tax base, except for deferred tax assets on tax losses or notional interest deductions carried forward, which are not recognised due to the principle of prudence. Deferred taxes to be recognised are measured using the tax rates in effect on realisation of the assets or settlement of the liabilities to which they relate.