NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

7.6.1

Finance leases

31/12/2018

31/12/2017

Income

Expense

Net (16)

Income

Expense

Net (26)

(in millions of euros)

Gains or losses on disposals

16

(32)

34

(61)

Impairment

0

(0)

(0) 18

0

(8)

(8) 20

Other related income and expenses

173

(155)

166

(145)

TOTAL

188

(187)

1

200

(215)

(15)

7.6.2

Other related income and expenses

31/12/2018

31/12/2017

(in millions of euros)

IT services

0 6

10 53 91

Credit management services (b)

Other activities (a)

59

TOTAL 154 Of which €86.1 million at December 31, 2017 resulting from the purchase and resale of commodity stocks on behalf of clients, an activity carried (a) out by the entity Contango, which economically hedges its exposure to price changes using futures carried under “Gains or losses on financial instruments at fair value through profit or loss”. Credit management services generated €39 million at December 31, 2017. They are presented in “Net income from insurance activities” from (b) January 1, 2018. 65

Operating expenses 7.7

in accordance with IFRS 2. A breakdown of these expenses is provided in Note 12. This item also includes all administrative expenses and external services.

Operating expenses mainly comprise payroll costs, including wages and salaries net of rebilled expenses, social security expenses and employee benefits such as pensions (defined benefit plans), and expenses relating to share-based payment recognized

Notes

31/12/2018

31/12/2017

(in millions of euros)

Payroll costs Wages and salaries (a) o/w share payments (b)

12.2

(2,861)

(2,759)

(46)

(62)

Pension benefits and other long-term employee benefits

(251) (657) (152) (136)

(205) (665) (179) (138)

Social security expenses

Incentive and profit-sharing plans

Payroll-based taxes

Other (c)

(4)

(1)

Total payroll costs

(4,061)

(3,946)

Other operating expenses Taxes other than on income (d)

(347)

(329)

External services

(2,137)

(2,019)

Other

(23)

(86)

Total other operating expenses

(2,508)

(2,434)

TOTAL (6,380) Of which €7.5 million in respect of the Competitiveness and Employment Tax Credit at December 31, 2018, versus €8.9 million at December 31, (a) 2017. The amount recognized for 2018 in respect of the retention and performance plans includes an expense of €27 million (versus €76 million at (b) December 31, 2017) for the portion of compensation paid in cash and indexed to the Natixis share price, and an additional expense of €17 million (versus €9 million at December 31, 2017) for the portion of compensation settled in Natixis shares. Of which €1.8 million in expenses at December 31, 2018, versus €1.5 million in expenses at December 31, 2017 for the Coface restructuring (c) plan. Of which a contribution of €163.8 million to the Single Resolution Fund (SRF) at December 31, 2018, versus €121.4 million at December 31, (d) 2017. Of which the French systemic banking risk tax (TSB) of €16.5 million at December 31, 2018, versus €24.3 million at December 31, 2017. Of which the Social Security and Solidarity Contribution (C3S) for €37.7 million at December 31, 2018, versus €47.4 million at December 31, 2017. (6,569)

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Natixis Registration Document 2018