NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

8.7.4

For overdrafts, arrears are counted as of the date when the customer is notified; the amount shown represents the total overdraft. “Technical” delinquencies, meaning those related to incidents occurring in the collection process and unrelated to the counterparty’s financial situation, are not included. The age of each amount in arrears is determined according to the age of the first missed payment on the balance in question. The breakdown for the period is prepared on the basis of the first missed payment.

Financial assets that are past due

but not impaired The table below provides, by type of financial instrument, a breakdown of the age of financial assets which were past due but not individually impaired at the reporting date. It does not take into account impairments based on any portfolios that may have been created. Past due assets are assets in arrears (i.e. missed principal or interest payments), but which have not yet been impaired.

Payment arrears at 31/12/2018

Type of assets (in millions of euros)

> 90 days ≤ 180 days

> 180 days ≤ 1 year

≤ 90 days

> 1 year

Total

Loans and receivables due from banks Loans and receivables due from customers

0

0

1,277

1,277

Other financial assets TOTAL

1,277

1,277

5

Payment arrears at 31/12/2017

Type of assets (in millions of euros)

> 90 days ≤ 180 days

> 180 days ≤ 1 year

≤ 90 days

> 1 year

Total

Loans and receivables due from banks Loans and receivables due from customers

5

5

2,291

2,291

Other financial assets TOTAL

2,296

2,296

The data reported in 2017 includes late payments identified by The contribution of the SFS entities classified as non-current the factoring entities amounting to €1,596 million. These data assets held for sale as at December 31, 2018 (see Notes 3.6 and refer to all outstandings rather than the unpaid amount alone. 6.9) was €1,584 thousand as at December 31, 2017.

Deferred tax assets and liabilities 8.8

31/12/2018

01/01/2018

Deferred tax liabilities

Deferred tax liabilities

Standard Deferred tax assets

Standard Deferred tax assets

(in millions of euros)

Sources of deferred tax (a) Unrealized leasing reserves

0

(788)

Tax amortization of goodwill (b)

(1,266)

(1,201)

Provision for employee benefits

385

566

Other non-deducted provisions

1,354

1,268

Non-deducted accrued expenses (including deferred compensation)

468

281

Elimination of equalization reserve

(317)

(292)

Other sources of deferred tax through profit or loss

(121)

(282)

Ordinary tax losses

7,606

7,801

Unrecognized sources of deferred tax

(4,568)

(4,105)

TOTAL SOURCES OF DEFERRED TAX THROUGH PROFIT OR LOSS

3,542

1,416

398

3,248

1,557

523

Sources of deferred tax on recyclable OCI

(388)

2

83

(567)

8

172

Sources of deferred tax on non-recyclable OCI

40

38

23

454

57

(79)

TOTAL SOURCES OF DEFERRED TAX 616 Positive amounts represent sources of deferred tax giving rise to deferred tax assets, while negative amounts represent sources giving rise to (a) deferred tax liabilities. Deferred tax related to the tax amortization of goodwill in the United States. (b) 3,193 1,456 505 3,185 1,622

333

Natixis Registration Document 2018