NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

NOTES AND ANNEXES

Impairment of assets at amortized cost and at fair value through other comprehensive income and provisions for financing and guarantee commitments

6.3

NOTE 1

IMPACT OF THE FIRST-TIME APPLICATION

OF IFRS 9 AS OF JANUARY 1, 2018

252

Preamble

252

280

1.1 1.2

Breakdown of the impact of the first-time application of IFRS 9

Derivative financial instruments

6.4

253

and hedge accounting

283 284 285

Transactions in foreign currencies Fair value of financial instruments Guarantee mechanism for the assets of the former GAPC hive-off vehicle 286 Property, plant and equipment, intangible assets (excluding goodwill) and investment property 287

6.5 6.6 6.7

NOTE 2

BASIS OF PRESENTATION

259

IFRS standards and

2.1

IFRIC interpretations applied by the Group Presentation of the consolidated

259

6.8

2.2

financial statements

261 261

Year-end

2.3 2.4

Non-current assets held for sale and

6.9

discontinued operations

288

Notes to the consolidated financial

statements

261

Financial liabilities at fair value through 6.10 profit or loss

288 289 289 289 289 290 291 291 292 292 292

NOTE 3

CONSOLIDATION METHODS AND

Liabilities 6.11

PRINCIPLES

262

Derecognition 6.12

Consolidation scope The notion of control

262

3.1 3.2

Offsetting financial assets 6.13 and liabilities

and consolidation methods Change in consolidation scope

262 263 266

Provisions and contingent liabilities 6.14

3.3 3.6 3.7

Employee benefits 6.15

Subsidiaries held for sale

Distinction between debt and equity 6.16

Standardization of individual data and treatment of intra-group transactions 266 Natixis’ institutional operations 266

Share-based payments 6.17

Treasury shares and treasury share 6.18 derivatives Fees and commissions received 6.19

3.8 3.9

Currency conversion

of the statements of foreign subsidiaries and branches

267

Tax expenses 6.20

Financing and guarantee 6.21 commitments

293

NOTE 4

CONSOLIDATION SCOPE

267

Contributions to banking resolution 6.22 mechanisms Use of estimates and judgment 6.23

Key events

267

4.1 4.2

293 294 295

Changes in consolidation scope since

January 1, 2018

267 269

Earnings/(loss) per share 6.24

Interests in subsidiaries Interests in partnerships

4.3 4.4

NOTE 7

NOTES TO THE INCOME STATEMENT

296

and associates

270

Net fee and commission income Gains and losses on financial instruments at fair value through profit or loss Gains and losses on financial assets at

297

7.2 7.3

NOTE 5

STRUCTURED ENTITIES

271

Scope of the structured entities with which Natixis has dealings Interests held in non-consolidated Non-consolidated structured entities in which Natixis is involved only as a sponsor Financial support to structured entities structured entities

5.1

298

271

7.4

5.2

fair value through other comprehensive income

274

298

5.3

Net gains or losses resulting from the derecognition of financial instruments at amortized cost Other income and expenses

7.5

276 276

299 299 300 301 302

5.4

7.6 7.7 7.8 7.9

Operating expenses

NOTE 6

ACCOUNTING PRINCIPLES AND

VALUATION METHODS

277

Provision for credit losses

Financial assets (excluding

6.1

Gains or losses on other assets

derivatives)

277 280

Reconciliation of the tax expense in 7.10 the financial statements and the theoretical tax expense

Leases

6.2

302

250

Natixis Registration Document 2018