NATIXIS - 2018 Registration document and annual financial report
3 RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures
TRANSITION FROM SHAREHOLDER’S EQUITY TO PRUDENTIAL CAPITAL AFTER APPLYING PHASE-IN ARRANGEMENTS R
31/12/2018
(in millions of euros)
Shareholders’ equity Capital
5,040
Issue premium
4,251
Retained earnings
6,447
Treasury shares
(27)
Other, including items of comprehensive income
650
Other instruments to be reclassified as Additional Tier 1 capital
1,978
Net income
1,577
Total shareholders' equity – Group share
19,916
Reclassification as Additional Tier 1 capital
(1,978)
Translation adjustments
(6)
Restatement of proposed dividend (dividend for previous year)
0
Prudential filters after phase-arrangements Own credit risk: Gain on reclassification of hybrid securities
(144)
Own credit risk: liabilities and derivatives net of deferred taxes
(109)
Prudent valuation adjustment
(383)
Unrealized gains and losses
105
Total prudential filters
(531)
Deductions after phase-in arrangements Dividend proposed for current year and related expenses
(944)
Goodwill Amount as per accounting base
(3,437)
Amount of related deferred tax liabilities
336
Amount included in value of investments in associates
(228)
Intangible assets Amount as per accounting base Non-controlling interests Amount as per accounting base
(580)
241
Prudential adjustment including phase-in arrangements
(241)
Deferred tax assets (tax loss carry-forwards) Amount as per accounting base
(1,354)
o/w portion not including tax loss carry-forwards and impact of netting
706
Prudential adjustment including phase-in arrangements
130
Shortfall of provisions to expected losses
0
Investments in the share capital of financial sector entities
0
Other prudential adjustments including phase-in arrangements
(77)
Total deductions
(5,449)
Total Common Equity Tier 1 (CET1)
11,951
Hybrid capital instruments Amount as per accounting base Other equity instruments
1,978
Residual gain on reclassification as equity
144
Nominal value adjustment during the period
22
Early redemption through exercise of call option
0
Leveling due at the grandfathering limit
0
Total hybrid instruments
2,145
Deductions
(22)
Other prudential adjustments including phase-in arrangements
0
Total additional Tier 1 capital
2,123
Total Tier 1 capital
14,074
Subordinated debt instruments Amount as per accounting base
3,372
Regulatory adjustment
(241)
Transfer of grandfathering leveling on hybrid capital instruments
0
Total Tier 2 instruments
3,131
Surplus of provisions to expected losses
34
Deductions
(761)
Other prudential adjustments including phase-in arrangements
0
Total Tier 2 capital
2,403
TOTAL REGULATORY CAPITAL
16,477
Pursuant to Commission Implementing Regulation (EU) No. 1423/2013, the audit trail of regulatory capital as described in Appendix VI of the regulation is provided below.
172
Natixis Registration Document 2018
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