NATIXIS -2020 Universal Registration Document

3 RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures

Transition from shareholder’s equity to prudential capital after applying phase-in arrangements

(in millions of euros)

31/12/2020

Shareholder's equity Capital

5,050 4,251 7,152

Issue premium

Retained earnings

Treasury shares

(2)

Other, including items of comprehensive income

699

Other instruments to be reclassified as Additional Tier 1 capital

1,978

101

Income/(loss) for the year

Total shareholders’ equity – Group share Reclassification as Additional Tier 1 capital

19,229 (1,978)

Translation adjustments

60

0

Restatement of dividend forecast (dividend for previous year) Prudential filters Own credit risk: Gain on reclassification of hybrid securities Own credit risk: liabilities and derivatives net of deferred taxes

(144)

91

Prudent valuation adjustment

(389)

Unrealized gains and losses

(13)

Total prudential filters

(456)

Deductions Dividend proposed for current year and related expenses

(189)

Goodwill Amount as per accounting base

(3,439)

Amount of related deferred tax liabilities

321

Amount included in value of investments in associates

(95)

Intangible assets Amount as per accounting base Non-controlling interests Amount as per accounting base

(432)

167

Prudential adjustment

(167)

Deferred tax assets (tax loss carry-forwards) Amount as per accounting base

(1,232)

o/w portion not including tax loss carry-forwards and impact of netting

542

Prudential adjustment

0 0 0

Shortfall of provisions to expected losses

Investments in the share capital of financial sector entities

(189)

Other prudential adjustments

Total deductions

(4,712)

Total Common Equity Tier 1 (CET1) Hybrid capital instruments Amount as per accounting base Other equity instruments

12,143

1,978

Residual gain on reclassification as equity

144

Nominal value adjustment during the period

(49)

Early redemption through exercise of call option

0 0

Cap due to grandfathering limit

Total hybrid instruments

2,073

Deductions

(22)

Other prudential adjustments including phase-in arrangements

0

2,051

Total additional Tier 1 capital

Total Tier 1 capital

14,194

Subordinated debt instruments Amount as per accounting base

3,720

Regulatory adjustment

(519)

0

Transfer of grandfathering cap on hybrid capital instruments

Total Tier 2 instruments

3,201

Surplus of provisions to expected losses

51

Deductions

(1,110)

Other prudential adjustments including phase-in arrangements

0

Total Tier 2 capital

2,142

TOTAL REGULATORY CAPITAL

16,337

Pursuant to Commission Implementing regulation (EU) No. 1423/2013, the audit trail of regulatory capital as described in Appendix IV of the regulation is provided below.

176

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020

Made with FlippingBook Publishing Software