NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

Interests in partnerships 4.4 and associates

or revolving credit products, as defined in Article L.311-9 of the a French Consumer Code, granted by Natixis Financement to Banque Populaire or Caisse d’Epargne network customers. Through these partnerships, the various associates contribute human and material resources and expertise. The associates remain the owners of the property or rights available for use by the Company (even in the event of the Company’s liquidation). The Company’s income is shared in accordance with allocation criteria set out in the bylaws. Decisions concerning the relevant activities of the SEPs are made unanimously. These partnerships are joint operations as defined in IFRS 11. Natixis does not have interests in joint ventures that have a material impact on Natixis’ consolidated financial statements. Associates Natixis’ main investment consolidated using the equity method at December 31, 2018 is the EDF Investment group (EIG) entity.

4.4.1

Types of partnerships and associates with

which Natixis has dealings Partnerships (joint operations and joint ventures)

Natixis Financement is a stakeholder in partnerships in the form of sociétés en participation (SEPs) in which Natixis Financement and an institution from the Caisse d’Epargne or Banque Populaire network are associates. The purpose of these partnerships is to pool the resources required for the origination, distribution, marketing, credit management, out-of-court collection and court-ordered collection management of the following products: either personal repayment loans, as defined in a Articles L.311-1-4 of the French Consumer Code, granted by the Banque Populaire or Caisse d’Epargne network;

Table summarizing investments in associates AT DECEMBER 31, 2018 R

Value of the investments in associates

Gains and losses recorded directly in equity

Net income

(in millions of euros) Joint-ventures Associates

735 521 214

29 12 17

(2) (0) (2)

EDF Investment group (EIG)

Other entities

TOTAL

735

29

(2)

AT DECEMBER 31, 2017 R

Value of the investments in associates

Gains and losses recorded directly in equity

Net income

(in millions of euros) Joint-ventures Associates

734 521 213

26 10 15

(3) (0) (3)

EDF Investment group (EIG)

Other entities

TOTAL

734

26

(3)

Summarized financial information pertaining to material joint ventures and associates 4.4.2

The summarized financial data pertaining to material associates and joint ventures under significant influence are presented below.

EDF Investment group (EIG) 31/12/2018

31/12/2017 Associate

(in millions of euros) Valuation method Dividends received Main aggregates TOTAL ASSETS

Associate

11

11

8,580

8,583

TOTAL DEBT

33

57

Income statement Net operating income

264 (78) 186

247 (77) 170

Income tax Net income

Gains or losses recorded directly in equity

(3)

(5)

270

Natixis Registration Document 2018