NATIXIS - 2018 Registration document and annual financial report
5 FINANCIAL DATA
Consolidated financial statements and notes
Provisions and impairment 8.17 The table below does not include value adjustments for credit losses associated with financial assets at amortized cost (see Note 6.1.3) , or at fair value through other comprehensive income (see Note 6.1.4) , or loan and guarantee commitments given (see Note 6.21) .
Reversal (utilized provisions)
Reversal (surplus provisions)
Translation adjustments
01/01/2018
Increase
Other (c)
31/12/2018
(in millions of euros) Counterparty risks
827 159 646
360 253
(301) (292)
40
(38) (17)
888 105 768
Financing and guarantee commitments
2
Litigation (a)
86 22
37
(1)
Other provisions
21 35 21
(9) (2)
1
(19) (15)
15 22 21
Impairment risks
7 3
(4) (3)
Long-term investments Real estate developments
0 0
Other provisions
14
4
(1)
(2) (6)
(14) (98) (26)
Employee benefit obligations
671 349
105
(93)
4 2
584 188
Operational risks (b)
84
(146)
(75)
TOTAL CONTINGENCY RESERVES 1,681 The table does not include value adjustments for credit losses associated with financial assets at fair value through other comprehensive income. Of which €543.4 million of provisions at December 31, 2018 for Madoff fraud exposure (see Section 3.2.9 of Chapter [3] “Risk factors, risk (a) management and the pillar III report”). Of which €11.4 million of provisions for restructuring costs at December 31, 2018 in respect of the Coface plan. (b) Of which -€119 million for the SFS business lines recognized in non-current assets held for sale as at December 31, 2018 (see Notes 3.6 and 6.9). (c) 1,882 557 (243) (384) 46 (177)
DECEMBER 31, 2017 R
Reversal (utilized provisions)
Reversal (surplus provisions)
Translation adjustments
Changes in scope
01/01/2017 Increase
Other 31/12/2017
(in millions of euros) Counterparty risks
741
102
(0)
(41)
(94)
(21)
687
Financing and guarantee commitments
51
27 60 15
0
(34)
(3)
(21)
19
676
(0) (0) (4) (1)
(1) (6)
(89)
(0)
646
Litigation (a)
Other provisions
14 55 41
(2) (1) (1)
21 35 21
Impairment risks
7 2 0 5
(23) (20)
0 0
Long-term investments Real estate developments
0
0
0
Other provisions
14
(2)
(3)
14
Employee benefit obligations
793 405
107
(161)
(61) (59)
(10)
0 8
3
671 349
Operational risks (b) (c)
94
(89)
(7)
(3)
TOTAL 1,742 Of which €388.8 million in provisions at December 31, 2017 in respect of exposure to outstanding Madoff assets, net of insurance. The amount (a) of insurance was €123 million for disputes pertaining to the case (see Section 3.11 of Chapter III, “Risk factors, risk management and the pillar III report”). 1,994 311 (255) (185) (111) 8 (21)
Of which €2 million at December 31, 2017 in respect of the workforce adjustment plan completed in 2015. (b) Of which €30.6 million of provisions for restructuring costs at December 31, 2017 in respect of the Coface plan. (c)
342
Natixis Registration Document 2018
Made with FlippingBook HTML5