NATIXIS - 2020 Meeting notice combined general shareholder's meeting

MANAGEMENT REPORT AT DECEMBER 31, 2019

Consolidated balance sheet – liabilities and shareholders’ equity

(in millions of euros)

31/12/2018  (a)

Notes

31/12/2019

Due to central banks

0

9

8.1 8.2

218,279

208,183

Financial liabilities at fair value through profit or loss

Hedging derivatives

626

529

Due to banks and similar items o/w institutional operations

8.13

71,927

73,234

REPORT

46

46

Customer deposits

8.13

30,485

35,991

o/w institutional operations

964

952

Debt securities

8.14

47,375

34,958

Revaluation adjustments on portfolios hedged against interest rate risk

157 571 616

108 505 505

Current tax liabilities Deferred tax liabilities

8.8 8.9

Accrual accounts and other liabilities

16,148

15,359

o/w institutional operations

0 0

1

Liabilities on assets held for sale  (b) Liabilities related to insurance policies

9,737

9.5

100,545

89,538

Subordinated debt

8.15 8.16

3,971 1,642

3,964 1,681

Provisions

Shareholders' equity (group share)

19,396 11,036

19,916 11,036

Share capital & reserves V Consolidated reserves V

5,583 1,093

6,654

Gains and losses recognized directly in equity V Non-recyclable gains and losses recognized V directly in equity

692

(212) 1,897 1,430

(42)

Net income V

1,577 1,279

Non-controlling interests

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 495,496 The information reported at December 31, 2018 has not been restated for the impact of the first-time application of IFRS 16 “Leases”, in accordance (a) with the option available under this standard and the amendment to IAS 12 “Income Taxes”. The impacts of the first-time application of the amendment to IAS 12 and to IFRS 16 on the opening balance sheet at January 1, 2019 are presented in detail in Notes 1 and 2, respectively. Corresponds to the SFS business lines recognized in non-current assets held for sale as at December 31, 2018 and sold to BPCE in the first quarter of 2019 (b) (see Notes 3.6 and 4.1). 513,170

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NATIXIS MEETING NOTICE 2020