NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Consolidated financial statements and notes

6.5

Net gains or losses resulting from the derecognition of financial

instruments at amortized cost This line item includes gains and losses resulting from the derecognition of debt securities and loans and receivables recognized at amortized cost, including the impact of hedging instruments. At December 31, 2020, net gains or losses resulting from the derecognition of instruments at amortized cost include -€13 million

in losses recorded following the sale of financial assets at amortized cost (versus -€7 million at December 31, 2019) and €1 million in gains related to the sale of debt securities at amortized cost (versus -€3 million at December 31, 2019).

Other income and expenses 6.6 Income and expenses from other activities include incidentainl come and expenses.

31/12/2020

31/12/2019

Income Expense

Net

(in millions of euros)

Income Expense

Net

Operating leases

29

0

29 33 62

30

0

30 54

Other related income and expenses

227 256

(194) (194)

221 251

(167) (167)

TOTAL (a) 85 Of which insurers’ contribution to the small business solidarity fund as part of the COVID-19 crisis amounted to -€13.9 million as of December 31, 2020. (a)

Operating expenses and depreciation, amortization, and impairments 6.7

Operating expenses mainly comprise payroll costs, including wages and salaries net of rebilled expenses, social security expenses and employee benefits such as pensions (defined benefit plans), and expenses relating to share-basedpayment recognized in accordance with IFRS 2. A breakdown of these expenses is provided in Note 11.

This item also includes all administrative expenses and external services.

(in millions of euros)

31/12/2020

Notes

31/12/2019

Payroll costs

11.2

Wages and salaries

(2,485)

(2,830)

o/w share payments (a)

(19)

(54)

Pension benefits and other long-term employee benefits

(230) (565) (115) (106)

(285) (606) (136) (117)

Social security expenses

Incentive and profit-sharing plans

Payroll-based taxes

Other

(4)

(6)

Total payroll costs

(3,505)

(3,980)

Other operating expenses Taxes other than on income (b)

(300)

(315)

External services

(1,579)

(1,870)

Other

(31)

(43)

Total other operating expenses

(1,910) (5,415)

(2,228)

TOTAL (6,208) The amount recognized for 2020 in respect of the retention and performance plans includes an expense of -€13 million (versus -€44 million at December 31, (a) 2019) for the portion of compensation paid in cash and indexed to the Natixis share price and an additional expense of -€6 million (versus -€10 million at December 31, 2019) for the portion of compensation settled in Natixis shares. Of which a contribution of -€165.3 million to the Single resolution Fund (SRF) at December 31, 2020, versus -€169.7 million at December 31, 2019. (b) Of which the Social Security and Solidarity Contribution (C3S) for -€41.1 million at December 31, 2020, versus -€33.8 million at December 31, 2019. As of December 31, 2019, Coface contributed -€480.1 million to operating expenses.

Additionally, depreciation, amortization and impairment on property, plant and equipment and intangible assets include -€7.1 million in accelerated repayments for building arrangements that are to be released.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020