NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

Share capital & reserves

Consolidated reserves

Reserves related to share capital (a)

Other consolidated reserves

Other equity instruments issued (b)

Elimination of treasury stock

Capital

(in millions of euros)

Shareholders’ equity at December 31, 2016 after appropriation of income

5,019

5,956

1,611

1

6,098

Capital increase

0

(0)

Elimination of treasury stock

(25)

(0) 10

Equity component of share-based payment plans

2016 dividend paid in 2017

(1,098) (1,087)

Total activity related to relations with shareholders

0

(0)

0

(25)

Issuance and redemption of perpetual deeply subordinated notes and preference shares Interest paid on perpetual deeply subordinated notes and preference shares

621

0

(94)

Change in gains and losses recorded directly in equity Appropriation to own credit risk reserve during the period Change in actuarial gains and losses under IAS 19R Income/(loss) at December 31, 2017 Impact of acquisitions and disposals (d)

(4)

(344)

(80)

Other (e)

Shareholders’ equity at December 31, 2017

5,020

5,956

2,232

(25)

4,490 1,669 6,159

Appropriation of 2017 earnings

Shareholders’ equity at December 31, 2017 after appropriation of income

5,020

5,956

2,232

(25)

(32)

First-time application of IFRS 9 (h)

Shareholders’ equity at January 1, 2018

5,020

5,956

2,232

(25)

6,127

Capital increase

21

39

Elimination of treasury stock

(3)

(4) 17

Equity component of share-based payment plans

2017 dividend paid in 2018

(1,160) (1,148)

Total activity related to relations with shareholders

21

39

0

(3)

Issuance and redemption of perpetual deeply subordinated notes and preference shares Interest paid on perpetual deeply subordinated notes and preference shares

(254)

(97)

Change in gains and losses recorded directly in equity Appropriation to own credit risk reserve during the period

(4)

Appropriation to a reserve of income from the sale of equity instruments at FV though other comprehensive income that cannot be reclassified completed during the period

(4)

Change in actuarial gains and losses under IAS 19R Income/(loss) at December 31, 2018 Impact of acquisitions and disposals (f)

(125)

Other (g)

(48)

SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2018

5,040

5,995

1,978

(27)

4,703

Issue premiums, legal reserve, contractual reserves, long-term capital gains reserve and other Natixis reserves. (a) Other equity instruments issued: refers to perpetual deeply subordinated notes. At December 31, 2018, a redemption of perpetual deeply (b) subordinated notes issued in 2008 was recorded in the amount of -€254 million. At December 31, 2017, two new issues of perpetual deeply subordinated notes subscribed to by BPCE for a total amount of €897 million, and a redemption of -€276 million of perpetual deeply subordinated notes issued in 2007, were recognized. Realized and unrealized “changes in fair value attributable to own credit risk on financial liabilities at fair value through profit or loss” (c) recognized in shareholders' equity at December 31, 2018 totaled +€385.8 million (gross amount, with an associated tax impact of -€111.4 million). Balancing payments related to the early redemption of Natixis issues recognized in shareholders' equity at December 31, 2018 totaled +€5.3 million (gross amount, with an associated tax impact of -€1.7 million). Realized and unrealized “changes in fair value attributable to own credit risk on financial liabilities at fair value through profit or loss” recognized in shareholders' equity at December 31, 2017 totaled -€185.3 million (gross amount, with an associated tax impact of +€48.5 million). Balancing payments related to the early redemption of Natixis issues recognized in shareholders' equity at December 31, 2017 totaled +€5.3 million (gross amount, with an associated tax impact of -€1.8 million). In 2017, the shareholders' equity Group share included the following: (d) - €111 million for the revaluation and unwinding of the discount on call options granted to minority shareholders of DNCA France (-€63.1 million), Ciloger (-€16.1 million), Dorval (-€29 million), Darius (-€6.7 million) and Lakooz (+€3.8 million); - €38 million for the acquisition of the 100% stake held by BPCE in S-Money and its subsidiary Lakooz, which occurred in two stages (51% in the first half of 2017 and 49% in the second half of 2017); + €18 million for the acquisition of BatiLease and InterCoop from Crédit Coopératif; - €94 million for the buyback of 40% of BPCE Assurances from minority interests (Macif and Maif); + €8 million for the disposal of Ellisphère; - €62 million in call options granted to minority shareholders in Dalenys; - €56 million in call options granted to minority shareholders in IML (Investors Mutual Limited); - €4 million in call options granted to minority shareholders in PayPlug.

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Natixis Registration Document 2018