NATIXIS - 2018 Registration document and annual financial report

5 FINANCIAL DATA

Consolidated financial statements and notes

BREAKDOWN OF DEFERRED TAX ASSETS ON LOSSES BY GEOGRAPHIC AREA ■

Legal carryforward period

Max. recognition period

31/12/2018

31/12/2017

(in millions of euros)

Deferred tax assets on losses by geographic area France

709

858 112

Unlimited

10 years

United States

47

Unlimited (a)

10 years (b)

United Kingdom

Unlimited

10 years

Other

110

114

TOTAL

866

1,084

Except for tax losses that arose prior to January 1, 2018 (limited to 20 years). (a) As for the federal deficit, the “State” and “City” portions may be activated over longer periods (limited to the legal time limit). (b)

Non-current assets and liabilities held for sale 8.9 The table below presents a breakdown of the “Non-current assets held for sale” and “Liabilities associated with assets held for sale” items by major category. At December 31, 2018, “Non-current assets held for sale” and “Liabilities associated with non-current assets held for sale” consisted of the assets and liabilities of the SFS business lines intended for transfer to BPCE (see Notes 3.6 and 6.9) .

Notes

31/12/2018

31/12/2017 (a)

(in millions of euros)

Non-current assets held for sale

25,646

738

Financial assets at fair value through profit or loss

4 7

Hedging derivatives

Loans and receivables due from banks and similar items at amortized cost

422

Loans and receivables due from customers at amortized cost

8.9.1

21,016

Insurance business investments Accrual accounts and other assets

2,784

738

605

Investment property (b)

84

Property, plant and equipment

428 150 146

Intangible assets

Other assets

Liabilities on assets held for sale

9,737

698

Hedging derivatives

159

Debt securities

1,216 2,079 2,150 1,587 2,088

Amounts due to banks

8.9.2

Customer deposits

Accrual accounts and other liabilities

Insurance-related liabilities

698

Other liabilities

457

Guarantee commitments given Guarantee commitments received Financing commitments given Financing commitments received Notional value of hedging derivatives

11

5,898

13,354

496

4,683 The information reported at December 31, 2017 has not been restated for the impact of the first-time application of IFRS 9 “Financial (a) instruments”, in accordance with the option available under this standard. The fair value of investment property at December 31, 2018 was €130 million. At December 31, 2017, the net carrying amount of investment (b) property was €124 million and the associated fair value was €190 million.

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Natixis Registration Document 2018