NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

8.9.1

Loans and receivables due from customers at amortized cost

31/12/2018

Impaired financial assets (b)

Unimpaired financial assets (a)

Notes

Total

(in millions of euros)

Loans and receivables Reverse repurchase agreements Current accounts overdrawn

217

29

247

Finance leases

8.9.1.2

10,740

987 105 240

11,727

Factoring

6,265 2,927

6,370 3,167

Other

Security deposits paid Value adjustments for credit losses

8.9.1.1

(125)

(370)

(495)

TOTAL (c) 21,016 Corresponds to unimpaired financial assets for which value adjustments are calculated based on 12-month expected credit losses or lifetime (a) expected credit losses. Impaired financial assets are assets for which a default event has been identified as defined in Article 178 of the EU regulation of June 26, 2013 (b) on regulatory requirements for credit institutions. The fair value of loans and receivables due from customers at amortized cost was €20,949 million at December 31, 2018. This is classified in (c) Level 2 of the fair value hierarchy. 20,025 991

5

8.9.1.1 Reconciliation table for loans and receivables due from customers at amortized cost

Loans and receivables due from customers at amortized cost at 31/12/2018

Unimpaired assets for which expected credit losses are measured on a lifetime basis (S2 bucket)

Unimpaired assets for which expected credit losses are measured over 12 months (S1 bucket)

Assets impaired after their

origination/ acquisition (S3 bucket)

Assets impaired on origination/ acquisition

Total

Value adjus- tment for credit losses

Value adjust- ment for credit losses

Value adjust- ment for credit losses

Value adjust- ment for credit losses

Value adjust- ment for credit losses

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

(in millions of euros)

BALANCE AT 01/01/2018

8,985 (27) 10,463 (148)

1,304 (385)

3 0

(0) 20,754 (561) 0 5,554 (21)

New originated or acquired contracts

2,965

(6)

2,589 (15)

0

0

Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)

(59)

2

(3)

(0)

(0)

(0)

0

0 (62)

1

(961)

20 (407)

26 (56) 12 280 23 (15)

(11)

11

(1) (1,413)

33

Financial asset transfers

890 (19) (1,158) 2,417 (22) (2,416)

(9)

0

0

12 (15)

Transfers to S1 (a) Transfers to S2 Transfers to S3

2

(13)

3

(1,437)

2 1,505 (18)

(33)

13

35

(3)

(91)

1 (247)

8 327 (23)

(11)

(15)

Contracts fully repaid or sold during the period

(1,897)

4 (1,284)

29 (103)

18 18

(3,285)

50 18

Impairment in value (write-off)

(64)

0

0 (64)

Variations linked to changes in exchange rates

11

0 0

5

(0)

0

0 0

16

0 0

Changes in the model used Other changes BALANCE AT 31/12/2018

0

0

9,933 (27) 10,204 (96) (1) 21,511 (495) Including the transfer from Stage 2 to Stage 1, due to the improvement over the period of the ratings of the economic sectors to which the (a) transferred amounts are related. 1,361 (370) 13

335

Natixis Registration Document 2018