NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

01/01/2018

Carrying value under IAS 39

Carrying value under IFRS 9

Financial assets under IAS 39

Classification under IFRS 9

Note

Accrual accounts and other assets

Accrual accounts and other assets

15,267 17,721 13,588

Financial assets at fair value through profit or loss (c)

46,624

Insurance business investments

(l)

Loans and receivables due from banks at amortized cost

49

Insurance business investments

(l)

949 124

Investment property

Investment property

1,073

Cash, central banks Current tax assets Deferred tax assets

36,901

36,901

577

577

1,585

1,622

Non-current assets held for sale Investments in associates Property, plant and equipment

738 734 758 732

738 732 758 732

Intangible assets

Goodwill

3,601

3,601

TOTAL 520,000 Collective provisions are recognized as a deduction from assets, like individual provisions, and are therefore included in the carrying amount of the * instruments. 519,987

IFRS 9 as they do not meet the SPPI criteria (see Note 6.1.2) ; Debt instruments corresponding to the liquidity reserve (f) securities portfolio, totaling €9,466 million, managed under a hold to collect and sell business model, were reclassified as “Financial assets at fair value through recyclable other comprehensive income” under IFRS 9. This reclassification had no impact on opening equity. Debt instruments classified as “Available-for-sale financial assets” under IAS 39 reclassified in financial assets at amortized cost under IFRS 9 amounted to €99 million. These instruments correspond to issues made by affiliates and are held in a hold to collect business model; Non-consolidated mutual fund units totaling €453 million are (g) considered non-SPPI debt instruments under IFRS 9 and were therefore classified as “Financial assets at fair value through profit or loss”. Other variable-income securities (excluding investments in associates) managed under a trading business model were reclassified as “Financial assets at fair value through profit or loss” under IFRS 9, for €22 million. Investments in associates classified as “Financial assets at fair value through profit or loss” under IFRS 9 totaled €379 million; Investments in associates reclassified as “Financial assets at (h) fair value through non-recyclable other comprehensive income” under IFRS 9 represented €71 million; These include loans and receivables classified as “Loans and (i) receivables” under IAS 39 and reclassified as “Financial assets at fair value through profit or loss” under IFRS 9 because they do not meet the SPPI criteria, for €57 million; These include debt instruments classified as “Loans and (j) receivables” under IAS 39 and reclassified as “Financial assets at fair value through profit or loss” under IFRS 9 because they do not meet the SPPI criteria, for €28 million; Securities received under repurchase agreements classified (k) as “Loans and receivables” under IAS 39 and managed under a trading business model were recognized as “Financial assets at fair value through profit or loss” under IFRS 9, for €47,328 million;

The application of the classification and measurement criteria set out in IFRS 9 (see Note 6.1) relating to business models and the contractual characteristics of financial instruments led Natixis to make the following reclassifications: Fixed-income securities classified as “Financial assets under (a) the fair value option” according to IAS 39 were classified as “Financial assets at fair value through profit or loss” under IFRS 9 for €201 million, as they are managed under a trading business model. Fixed-income securities reclassified as “Financial assets at fair value through profit or loss” under IFRS 9 because they do not meet the SPPI criteria (see Note 6.1.2) amounted to €391 million; Variable-income securities classified as “Financial assets (b) under the fair value option” under IAS 39 and managed under a trading business model were classified as “Financial assets at fair value through profit or loss” under IFRS 9 for €242 million. Mutual funds recognized as “Financial assets at fair value through profit or loss” under IFRS 9 because they do not meet the SPPI criteria (see Note 6.1.2) amounted to €1,191 million; Loans and receivables classified as “Financial assets under (c) the fair value option” under IAS 39 and managed under a trading business model were classified as “Financial assets at fair value through profit or loss” under IFRS 9, for €2,565 million. Loans and receivables reclassified as “Financial assets at fair value through profit or loss” under IFRS 9 because they do not meet the SPPI criteria (see Note 6.1.2) amounted to €2,297 million. Loans and receivables classified as “Financial assets under the fair value option” under IAS 39 reclassified in financial assets at amortized cost under IFRS 9 amounted to €2,097 million; Securities received under repurchase agreements classified (d) as “Financial assets under the fair value option” under IAS 39 and managed under a trading business model were classified as “Financial assets at fair value through profit or loss” under IFRS 9, for €44,695 million; Debt instruments recognized as “Available-for-sale financial (e) assets” under IAS 39 for €15 million were reclassified as “Financial assets at fair value through profit or loss” under

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Natixis Registration Document 2018