BFR Bbva Banco Frances S.A.

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE

PERIOD ENDED MARCH 31, 2018

(Stated in thousands of pesos)

BBVA Banco Francés S.A. (hereinafter, indistinctly, “BBVA Francés” or the “Entity” or the “Bank”) is a corporation ( “sociedad anónima ”) incorporated under the laws of Argentina, operating as a universal bank with a network of 251 national branches.

Since December 1996, BBVA Francés is part of the global strategy of Banco Bilbao Vizcaya Argentaria S.A. (BBVA or the “controlling entity”), which directly and indirectly controls the Entity, with 66.55% of the share capital as of March 31, 2018.

These financial statements include the Entity and its controlled or subsidiary companies (collectively referred to, including the Entity, as the “Group”). The Entity’s subsidiaries are listed below:

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Argentine Capital Markets Law No. 26,831, enacted on December 28, 2012 and subsequently regulated through General Resolution No. 622/13 issued by the Argentine Securities Commission [CNV] on September 5, 2013, establishes in its Section 47 that agents have an obligation to register before the CNV, to act in the market in any of the capacities set forth in said resolution. On September 9 and 19, 2014, the Entity was registered as an Agent for the Custody of Mutual Fund Investment Products under No. 4 and as a Comprehensive Clearing and Settlement Agent under No. 42.

Part of the Entity’s capital stock is publicly traded and has been registered with the Buenos Aires Stock Exchange, the New York Stock Exchange and the Madrid Stock Exchange.

The financial reporting framework set forth by the BCRA requires supervised entities to submit financial statements prepared pursuant to the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), with a temporary exception for the application of the impairment model in Section 5.5 “Impairment” of IFRS 9 “Financial instruments” and, in turn, taking into consideration the standards prescribed through Memorandum No. 6/2017 issued by the regulatory entity on May 29, 2017 regarding the treatment to be applied to uncertain tax positions (“financial reporting framework set forth by the BCRA”).

The exceptions described are a deviation from IFRS, and their impact has been evaluated by the Entity as detailed below:

Regarding the presentation of the financial statements, the BCRA, through Communications “A” 6323 and 6324 provided specific guidelines for the preparation and presentation of the financial statements of financial entities for fiscal years beginning on or after January 1, 2018, including the additional reporting requirements as well as the information to be submitted as Exhibits.

These financial statements have been approved by the Board of Directors of BBVA Banco Francés S.A. as of May 31, 2018.

The Group considers the Argentine Peso as the functional and presentation currency. All amounts are stated in thousands of pesos, unless otherwise stated.

IAS 29 -Financial Reporting in Hyperinflationary Economies- requires the financial statements of an entity with a functional currency that is hyperinflationary to be restated for the changes in the general pricing power of the functional currency for the reporting period, regardless of whether the financial statements are based on an historical cost or current cost approach. To do so, non-monetary items shall include the inflation from the date of acquisition or the date of revaluation, as applicable. To determine the existence of a hyperinflationary economy, the IAS provides a series of factors to be considered, such as a three-year cumulative inflation rate approaching or exceeding 100%.

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Pursuant to the provisions set forth in Decree No. 664/2003 issued by the Argentine Executive, Communication “A” 3921 of the BCRA and General Resolution No. 441/2003, as amended, of the Argentine Securities Commission, the Group does not apply financial statements restatement mechanisms as from March 1, 2003.

However, the existence of important changes such as those observed in recent years in the prices of the relevant variables of the economy, such as the cost of wages, prices of raw materials, interest rates and exchange rates, the financial standing, the results and cash flows of the Group, and, consequently, the information provided in its financial statements, may be affected, and therefore these changes should be taken into consideration in the interpretation of the information provided in these financial statements.

In preparing these consolidated financial statements, the Board of Directors has to make judgements, estimates and assumptions that affect the application of the accounting policies and the reported amounts of assets, liabilities, income and expenses.

The related estimates and assumptions are based on expectations and other factors deemed reasonable, the result of which are the basis for the judgments on the value of assets and liabilities, which are not easily obtained from other sources. Actual results may differ from these estimates.

The underlying estimates and assumptions are continuously under review. The effect of the review of accounting estimates is recognized prospectively.

Information about judgements made in applying accounting policies that have the most significant effects on the amounts recognized in the consolidated financial statements is included in the following notes:

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment in these consolidated financial statements is included in the following notes:

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Fair value is the price that would be received for the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants at the measurement date.

When available, the Group measures the fair value of a financial instrument using the quoted price in an active market. A market is considered active if transactions take place with sufficient frequency and volume to provide pricing information on an ongoing basis.

If there is no quoting price in an active market, then the Group uses valuation techniques maximizing the use of relevant market inputs and minimizes the use of unobservable inputs. The choice of a valuation technique includes all factors market participants would take into consideration for the purposes of setting the price of the transaction.

Fair values are categorized into different levels in the fair value hierarchy based on the input data used in the measurement techniques, as follows:

The Group has consistently applied the following accounting policies in all periods presented in these consolidated financial statements and the preparation of the Balance Sheet as of December 31, 2016 for the purposes of the transition to the financial reporting Framework set forth by the BCRA. Note 59 contains a detail of the impact of the transition regarding the accounting regulations set forth by the BCRA previously applied.

These financial statements for the three-month period ended March 31, 2018 have been prepared pursuant to IAS 34 “Interim Financial Reporting” and IFRS 1 “First-time Adoption of International Financial Reporting Standards”. The interim financial statements have been prepared based on the policies the Entity expects to adopt in its annual financial statements as of December 31, 2018. Comparative amounts and the amounts as of the date of transition have been modified to reflect the adjustments to the new financial reporting framework.

For the purposes of homogeneous application of the accounting policies, the balance sheet and consolidated statement of income as of March 31, 2017 were restated for the purpose of considering the regulations set forth by the BCRA in relation to the provisions in Memorandum No. 6/2017 issued by the regulatory authority on May 29, 2017 as detailed in Note 5.18.d).

a) Subsidiaries:

Subsidiaries are all entities (including structured entities, if any) controlled by the Group. The Group ‘controls’ an entity if it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. As of the closing of each period, the Group reassesses whether it has control if there are changes to one or more of the elements of control.

The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases.

b) Non-controlling interests

Non-controlling interests are the portion of income and shareholders’ equity which do not belong to the Group and are disclosed as a separate line in the Consolidated Statement of income, the Statement of Other Comprehensive Income, Balance sheet and Statement of changes in shareholders’ equity.

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c) Trusts

The Group acts as a trustee for financial trusts, management and guarantee trusts (refer to Note 56). Upon determining if the Group controls the trusts, the Group has analyzed the existence of Control, under the terms of IFRS 10. Consequently, how power is configured on the relevant activities of the vehicle has been evaluated in each case, the impact of changes in returns over those Structured Entities on the Group, and the relation of both. In all cases, it has been concluded that the Group acts as an agent and therefore does not consolidate those trusts.

d) Mutual funds

The Group acts as fund manager to a number of mutual funds (refer to Note 57). Determining whether the Group controls such an investment fund usually focuses on the assessment of the aggregate economic interests of the Group in the fund (comprising any carried interests and expected management fees) and considers that investors have no right to remove the fund manager without cause. In cases where the economic interest share is less than 37%, the Group concludes it acts as an agent for the investors and therefore does not consolidate those funds.

For further disclosure in respect of unconsolidated trusts and investment funds in which the Group is an agent or for which it is a sponsor, as the case may be, refer to Note 47.

e) Loss of control

When the Group loses control over a subsidiary, it derecognizes the assets and liabilities of the subsidiary, any related non-controlling interest and other components of equity.

Any resulting gain or loss is recognized in profit or loss. Any interest retained in the former subsidiary is measured at fair value when control is lost.

f) Transactions eliminated on consolidation

Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements.

Transactions in foreign currencies are translated into the respective functional currency of Group entities at the spot exchange rates published by the BCRA at the date of the transactions.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the spot exchange rate at the reporting date.

Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the spot exchange rate at the date on which the fair value is determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated using the spot exchange rate at the date of the transaction.

Cash and cash equivalents includes cash and balances with no restrictions kept with the BCRA and on-demand accounts held at local and foreign financial entities.

a) Recognition

The Group initially recognizes loans, deposits, debt securities issued and liabilities at origination. All other financial instruments (including ordinary purchase and sale of financial assets) are recognized on the date of negotiation, that is to say, the date when the Group becomes part of the instrument’s contractual provisions.

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The Group recognizes purchases of financial instruments with the commitment of non-optional reconveyance at a certain price (repos) as a financing granted in the line “Repo transactions” in the Consolidated Balance sheet. The difference between the purchase and sale prices of those instruments is recorded as interest accrued during the term of the transactions using the effective interest method.

Financial assets and liabilities are initially recognized at fair value. Instruments not measured at fair value through profit or loss are recognized at fair value plus (in the case of assets) or less (in the case of liabilities) the transaction costs directly attributable to the acquisition of the asset or the issuance of the liability.

The transaction price is usually the best evidence of fair value for initial recognition.

b) Classification of financial assets

On initial recognition, financial assets are classified as measured at amortized cost, fair value through Other Comprehensive Income (OCI) or fair value through profit or loss.

A financial asset is measured at amortized cost if it meets both of the following conditions:

A financial asset is measured at FVOCI only if it meets both of the following conditions:

On initial recognition of an equity investment that is not held for trading, the Group may elect to, for each individual instrument, present subsequent changes in fair value in OCI.

All other financial assets are classified as measured at FVTPL. This category includes derivative financial instruments.

The Group makes an assessment of the objective of a business model in which an asset is held at a portfolio level. The information considered includes:

Financial assets that are held for trading or managed and whose performance is evaluated on a fair value basis are measured at FVTPL.

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In the assessment on whether contractual cash flows are solely payments of principal and interest, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition.

Financial assets are not reclassified after their initial recognition, except for a change in the Group’s business models.

c) Classification of financial liabilities

The Group classifies its financial liabilities, other than derivatives, financial guarantees and loan commitments, as measured at amortized cost.

Derivative financial instruments are measured at fair value through profit or loss.

‘Financial guarantees’ are contracts that require the Group to make specified payments to reimburse the holder for a loss that it incurs because a specified debtor fails to make payment when it is due in accordance with the terms of a debt instrument.

The debt from financial guarantees issued are initially recognized at fair value. The debt is subsequently measured at the higher of this amortized amount and the present value of any expected payment to settle the liability when a payment under the contract has become probable.

d) Derecognition of financial assets and liabilities

The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.

On derecognition of a financial asset, the difference between the carrying amount of the asset and the consideration received and any recognized balance in OCI is recognized in profit or loss

The Group recognizes sales of financial instruments with the commitment of non-optional reconveyance at a certain price (repos) as a financing received in the line “Repo transactions” in the Consolidated Balance sheet. The difference between the purchase and sale prices of those instruments is booked as interest accrued during the term of the transactions using the effective interest method.

The Group derecognizes a financial liability when its contractual obligations are discharged or cancelled, or expire. When an existing financial liability is replaced with another from the same borrower under significantly different conditions, or the conditions are substantially modified, said replacement or modification is treated as a derecognition of the original liability and the recognition of a new liability.

e) Measurement at amortized cost

The amortized cost of a financial asset or liability is the amount of its initial recognition less the capital reimbursements, plus or less the amortization, using the effective interest method, of any difference between the initial amount and the amount at maturity. In the case of financial assets, it also includes any impairment write-downs (doubtful accounts).

f) Impairment of financial assets

As mentioned in Note 2, the BCRA established that financial institutions shall continue to apply the model for recording provisions for loan losses for financial assets in force as of December 31, 2017 set forth through its Communication “A” 2950, as amended. Those regulations require financial institutions to:

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The BCRA requires customers of the “commercial portfolio” to be analyzed and classified individually. The commercial portfolio includes loans exceeding an amount set forth by the BCRA, and loans with repayment linked to the progress of the customer’s productive or commercial activity. The assessment of the debtor’s repayment capacity is based on the estimated financial flow based on updated financial information and industry parameters, taking into consideration other circumstances of the economic activity.

The “consumer portfolio”, in turn, is analyzed globally, and debtors are classified based on the days in arrears recorded at the closing of each period. The consumer portfolio includes consumer loans, housing loans and loans up to an amount set forth by the BCRA with repayment not related to a productive or commercial activity.

The “consumer-like portfolio” is in turn analyzed and classified based on the Consumer portfolio criteria, but includes commercial loans not exceeding the amount of financing set forth in the regulations issued by the BCRA

Increases in the allowance for loan losses related to “Loans and other financing” are recognized in “Loan loss provision” in the Consolidated Statement of Income.

An associate is an entity over which the Group has a significant influence but no control or joint control over financial and operating policies. A joint venture is an agreement whereby the Group has joint control, that is to say, the Group has a right over the agreement’s net assets instead of over the assets and liabilities of the agreement.

Interests in associates are accounted for using the equity method. They are initially recognized at cost, which includes transaction costs. After initial recognition, the consolidated financial statements include the Group’s share in the results and OCI of investments accounted for using the equity method, until the date when the significant influence or joint control cease.

Property, plant, and equipment items are measured at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost includes the cash purchase price and expenses directly attributable to the acquisition necessary to take the asset to the location and operate as provided for by the Board of Directors.

The Group has used the option under IFRS 1 to consider the fair value of all its real property as the deemed cost as of January 1, 2017. Fair value was assessed based on the appraisal carried out by an independent professional, applying the Level 3 valuation techniques. To do so, a market approach was used.

Subsequent expenses are only capitalized if they are likely to provide future economic benefits for the Group.

Depreciations are calculated using the straight line method, applying the necessary rates to cancel the amounts at the end of the estimated useful life of the assets.

Depreciation methods and useful lives are reviewed at closing and adjusted prospectively, if necessary.

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Intangible assets include the information systems costs of acquisition and implementation, which are measured at cost less accumulated amortization and impairments, if any.

Subsequent expenses related to information systems are only capitalized if the economic benefits of the related asset increase. All other expenses are recognized as a loss when incurred.

Information systems are amortized using the straight line method over their estimated useful life of 5 years.

Amortization methods, as well as the useful life assigned are reviewed at each closing date and adjusted prospectively, if applicable.

Goodwill is the difference between the total amount paid and the amount resulting from calculating the proportion of the capital acquired over the recorded net shareholders’ equity of Volkswagen Financial Services Compañía Financiera S.A., at the date of acquisition.

a) Investment properties

Investment properties are measured at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost includes the cash purchase price and expenses directly attributable to the acquisition necessary to take the asset to the location and operate as provided for by the Board of Directors.

The Group has used the option under IFRS 1 to consider the fair value of all its investment properties items as the deemed cost as of January 1, 2017. Fair value was assessed based on the appraisal carried out by an independent professional, applying the Level 3 valuation techniques. To do so, a market approach was used.

b) Assets acquired as safeguarding of claims

Assets acquired as safeguarding of claims are measured at fair value as of the date on which the entity received ownership thereof, and any differences with the accounting balance of the related loan are recognized in results.

Non-current assets are classified as held for sale if it is highly likely that they will be recovered, mainly through their sale, which is estimated to occur within the twelve months following the date of their classification as such.

These assets or this group of assets are generally measured at the lesser of their book value and their fair value less the cost of disposal.

When a property, plant, and equipment item is classified as “non-current assets held for sale”, depreciation stops.

When an investment in an associate measured applying the equity method is classified as “non-current assets held for sale”, the application of the equity method stops.

At least at each closing date, the Group assesses whether there are indications that a non-financial asset may be impaired (except deferred tax assets). If there is such an indication, the asset’s recoverable value is estimated.

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For the impairment test, assets are grouped into the smallest group of assets generating inflows for their continued use that are largely independent of the cash inflows from other assets or other cash generating units (CGU). The business goodwill acquired in business combinations is distributed to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination.

The “recoverable value” of an asset or CGU is the highest of its value in use and its fair value less the cost of disposal. The “value in use” is based on estimated cash flows, discounted at their present value using the pre-tax interest rate that reflects current market assessment of the time value of money and the risks specific to the asset or CGU.

If the accounting balance of an asset (or CGU) is higher than its recoverable value, the asset (or CGU), is considered impaired and its book value is reduced to its recoverable value and the difference is recognized in results.

Reversal of an impairment loss for goodwill is prohibited. For other assets, an impairment loss is reversed only to the extent the book value of the assets does not exceed the value they would have had if the impairment had not been recognized.

The Group recognizes a provision if, as a result of a past event, there is a legal or implied obligation for an amount that can be reliably estimated and it is likely that an outflow of resources will be required to settle the liability.

To assess provisions, the existing risks and uncertainties were considered, taking into consideration the opinion of the Group’s external and internal legal advisors. Based on the analysis carried out, the Group recognizes a provision for the amount considered as the best estimate of the potential expense necessary to settle the present obligation at each closing date.

The provisions recognized by the Group are reviewed at each closing date and are adjusted to reflect the best estimate available.

a) Short term personnel benefits

Short term personnel benefits are recognized in results when the employee provides the related service. A provision is recognized if the Group has the legal or implied obligation, as a result of past services provided by the employee, to pay an amount that can be reliably estimated.

b) Other long term personnel benefits

The Group’s obligation in relation to long term personnel benefits is the amount of the future benefit the employees have earned in exchange for services provided during the period and prior periods. The benefit is discounted at present value. Changes in the measurement of the obligation are recognized in results.

c) Termination benefits

Termination benefits are recognized when the Group can no longer withdraw the offer of those benefits.

Increasing transaction costs directly attributable to the issuance of ordinary shares are recognized as a reduction of the contributions received, net of the related income tax.

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Interest income and expenses are recognized in results using the effective interest rate method. The effective interest rate method is the rate exactly discounting contractual payments and collections cash flows during the expected lifetime of the financial instrument at the book value of the financial asset or liability.

The calculation of the effective interest rate includes transaction costs, commissions and other items paid or received that are an integral part of the effective interest rate. Transaction costs include increasing costs that are directly attributable to the acquisition of a financial asset or the issuance of a financial liability.

Based on the provisions of the BCRA and until December 31, 2019, the Group globally calculates the effective interest rate for financial assets and liabilities.

Interest income and expenses presented in the consolidated Statement of income include interest on:

Commissions, fees and similar items that are part of a financial asset or liability’s effective interest rate are included in the measurement of the effective interest rate (see Note 5.15).

The rest of commission income, which include fees for services, fees for mutual investment funds management, sales commissions, fees for syndicated loan, are recognized when the related service is provided.

The Bank has a benefits program granting Latam Airlines miles to enrolled customers. Since the obligation is accrued upon each eligible transaction made by customers (when the Group has the obligation to credit the miles and pay the equivalent of consumptions for miles to the airline), and the program is fully managed by that airline, after the miles are granted the Bank has no obligation related to the exchange of the miles granted.

The rest of commission expenses are recognized in income/loss when the related service is received.

a) Contracts with a lease

Upon the commencement of the contract, the Group determines if it contains a lease, in which case lease payments shall be separated into those related with the lease and those for other items, based on relative fair values.

b) Classification of a lease

When the lease substantially transfers the risks and benefits of the property of the leased asset, it is classified as a financial lease. Otherwise, the lease is classified as an operating lease.

c) Leases where the Group is the lessee

The leased asset of an operating lease is not recognized for accounting purposes. Payments under an operating lease are recognized in income/loss by applying the straight line method in the term of the lease.

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d) Leases where the Group is the lessor

The leased asset in an operating lease is classified as “Other non-financial assets” and depreciated over its estimated useful life. Collections received under an operating lease are recognized in income/loss by applying the straight line method in the term of the lease.

The leased asset in a financial lease is derecognized and a receivable is recognized for the amount of the net investment in the lease in the line “Loans and other financing”.

Collections received under a financial lease are separated into interest and the reduction of the lease’s net investment. Interest is recognized along the term of the lease applying a constant interest rate. Contingent leases are not considered in the assessment of the lease’s net investment.

Income tax charge for each period includes the current income tax and deferred income tax and is recognized in income/loss, except to the extent it relates to an item recognized in OCI or directly in shareholders’ equity.

a) Current taxes

Current income tax includes the income payable, or advances on the period’s tax and any adjustment to pay or collect related to previous years. The current amount of taxes payable (or to be recovered) is the best estimate of the amount that is expected to be paid (or recovered) measured at the applicable rate as of the closing date.

b) Deferred tax

Deferred income tax recognizes the tax effect of temporary differences between the accounting balances of the assets and liabilities and the related tax bases used to assess the taxable income.

A deferred tax liability is recognized for the tax effect of all taxable temporary differences.

A deferred tax asset is recognized for the tax effect of deductible temporary differences and non-prescribed tax losses, insofar as it is likely to have future tax income to be used.

Deferred tax assets and liabilities are measured at the tax rates expected to apply during the year when the liability is canceled or the asset is realized, in accordance with the laws substantially enacted as of the date of closing.

c) Income tax rate

The income tax rate is 30% for fiscal years beginning on or after January 1, 2018 until December 31, 2019 and 25% for subsequent fiscal years.

d) Uncertain tax positions

As prescribed by the accounting regulations set forth by the BCRA, which includes the provisions set forth by the regulator through Memorandum No. 6/2017, the Group recognizes a contingency provision regarding uncertain tax positions recorded as of March 31, 2018 and December 31, 2017 from the effect of applying the inflation adjustment in the assessment of income subject to tax for the assessment of the income tax debt as of December 31, 2016 and December 31, 2017 pursuant to the action seeking declaration of unconstitutionality filed for those periods on May 10, 2017 and May 10, 2018, respectively.

On April 2018, the process related to the action seeking declaration for the fiscal period 2016 was open for submitting evidence.

As a result of the assessment made and based on the opinion of the legal and tax advisors, the Entity’s Board of Directors considers it is highly likely that the Entity will obtain a favorable judgment at the last instance because if the effect of the inflation adjustment is not considered in the income tax assessment for the fiscal periods involved, the income tax rate would result in a confiscatory rate.

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Therefore, the Entity considers that pursuant to IFRS, and within the framework of IFRIC 23, no debt recognition or provision is required in relation to this uncertain status, and therefore the registration of the contingency provision required by the BCRA results in a deviation from IFRS, as stated in Note 2 to these financial statements.

A series of new standards and changes to the standards in force will enter into force after January 1, 2018, with early adoption allowed.

The Group has decided not to make early adoption of these new regulations or changes to regulations in force in the preparation of these consolidated financial statements.

The Group considers the only standards which may have a potentially significant impact on the financial standing and the results of the Group is IFRS 16 - “Leases”, which will replace the current standards on leases for fiscal years beginning on or after January 1, 2019.

IFRS 16 introduces a single lease accounting model for lessors, whereby a right-of-use asset and a lease liability for the obligation of making payments for the lease are recognized. There are exemptions allowing not to recognize short-term leases and low-value leases.

IFRS 16 does not introduce any changes to the lessor’s accounting, that is to say, leases are still classified as financial or operating.

The Group is the lessor of a series of branches and offices, which is why the Group is expected to recognize new assets for the right to use such real property and the related debt for leases. The Group has not yet completed the assessment of the amounts that will be required to be recognized in the following fiscal year as a consequence of the entry into force of IFRS 16.

The breakdown of the item in the Consolidated Balance Sheet and the balance of Cash and cash equivalents computed for the purposes of the preparation of the Consolidated Statement of Cash Flows includes the following items:

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Financial assets holdings measured at fair value through profit or loss