NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

31/12/2018

01/01/2018

Managed on a fair value basis

Managed on a fair value basis

Embedded derivatives

Embedded derivatives

Carrying amount

Accounting mismatch

Carrying amount

Accounting mismatch

(in millions of euros)

Due to banks

67

6 0

61

79

8 0

71

Customer deposits

123

123

9

9

Debt securities

22,032

17,770

4,261

20,432

16,488

3,944

Subordinated debt

100

0

100

103

0

103

Other liabilities

4,388

4,389

0

3,352

3,352

0

TOTAL

26,711

22,165

4,545

23,975

19,848

4,127

Some liabilities issued and recognized at fair value through profit and loss are covered by a guarantee. The effect of this guarantee is incorporated into the fair value of the liabilities.

Financial liabilities under the fair value option and credit risk 8.1.2.2 The carrying amount of financial liabilities designated at fair value through profit or loss corresponds to their fair value shown on the balance sheet. The amount contractually due on loans at maturity represents the principal amount outstanding at the reporting date, plus any accrued interest not yet due. The amount contractually due on securities represents their redemption value.

5

Financial liabilities under the fair value option for which credit risk is recognized in shareholders’ equity.

31/12/2018

01/01/2018

Cumulative changes in the fair value of financial liabilities, designated at fair value through profit or loss, attributable to credit risk

Cumulative changes in the fair value of financial liabilities, designated at fair value through profit or loss, attributable to credit risk

Difference between carrying amount and amount contractually due at maturity

Difference between carrying amount and amount contractually due at maturity

Amount contractually due at maturity

Amount contractually due at maturity

Carrying amount

Carrying amount

(in millions of euros) Debt securities (a)

22,032

24,547

(2,515)

(111)

20,432

20,246

186

276

100

101

(1)

(4)

103

100

2

(2)

Subordinated debt (a)

TOTAL (B) 275 Balancing payments relating to the early redemption of Natixis issues recognized in shareholders’ equity over the 2018 fiscal year totaled (a) €5.3 million, versus €5.3 million over the 2017 fiscal year. The fair value, determined using the calculation method described in Note 8.5, recorded in respect of internal credit risk on Natixis issues, totaled (b) -€114.9 million at December 31, 2018, versus €274.8 million at December 31, 2017. Besides changes in the outstanding amount, this difference reflects changes in the Natixis spread since the close of the previous year’s accounts. 22,132 24,648 (2,516) (115) 20,535 20,347 188

305

Natixis Registration Document 2018