NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

DECEMBER 31, 2017 R

31/12/2017

Income

Expense

Net 217 770

(in millions of euros)

Central banks

339

(122) (369)

Interest on securities Loans and receivables

1,139 3,824

(1,820)

2,004 (284) 1,975

Banks

508

(793)

Customers

2,991

(1,016)

Finance leases

325

(11) (87)

313 (87)

Subordinated debt

0

Other

(0)

0

(0)

Hedging instruments

544

(792)

(247)

Interest accrued on impaired receivables (incl. restructured items)

34

0

34

TOTAL (A)

5,880

(3,191)

2,689

Of which €1,371 million of NII in December 2017 for the insurance entities. (a)

5

Net fee and commission income 7.2 The first-time application of IFRS 15 did not have an impact on the accounting principles applicable to fee and commission income and expenses. Natixis records fee and commission income and expenses in income: either gradually as the service is rendered as part of the a ongoing provision of a service. Guarantee fees and management fees are deferred over the period during which the service is provided; or once the service has been rendered, as in the case of a business provider fees recorded in income as soon as the service has been provided, and some syndication fees paid for structuring and arrangement.

Fiduciary or similar fees and commissions are those that result in assets being held or invested on behalf of individual customers, pension schemes or other institutions. In particular, trust transactions cover Asset Management and custody activities performed on behalf of third parties. Fees and commissions that form an integral part of the effective yield on an instrument, such as fees considered to be compensation for loan set-up, are recognized and amortized as an adjustment to the effective interest rate over the estimated term of the applicable loan. These fees and commissions are recognized as interest income rather than fee and commission income.

31/12/2018

31/12/2017

Income

Expense

Total

Income

Expense

Total

(in millions of euros)

Interbank transactions Customer transactions Securities transactions

4

(45) (16)

(41) 752 (83) 372

4

(34)

(30) 711 (28) 330

768

707 153 381 457

4

73

(157)

(181)

Payment services Financial Services

422 460

(50)

(51)

(728)

(268) 3,831

(745)

(287) 3,463

3,831

0

3,463

0

Fiduciary transactions (a)

Financing, guarantee, securities and derivative commitments

266 143

(134)

132

275 337

(138)

137

Other

(1,192)

(1,050)

(1,063)

(726)

TOTAL (B) 3,569 Of which performance fees in the amount of €426 million (of which €420 million for Europe) at December 31, 2018, versus €287 million (of which (a) €266 million for Europe) at December 31, 2017. Of which net fee and commission income of -€1,170 million at December 31, 2018, versus -€765 million at December 31, 2017, for insurance (b) activities, for which the related income is presented as “Net income from insurance activities”. 5,967 (2,322) 3,645 5,777 (2,208)

297

Natixis Registration Document 2018