NATIXIS -2020 Universal Registration Document
5 FINANCIAL DATA
Consolidated financial statements and notes
Financial assets at amortized cost 7.6 These are SPPI financial assets held under a “hold to collect” model. The vast majority of loans granted by the Group are classified in this category. Loans and receivables due from banks at amortized cost 7.6.1
31/12/2020
31/12/2019
Unimpaired financial assets (a)
Impaired financial assets (b)
Unimpaired financial assets (a)
Impaired financial assets (b)
Total
(in millions of euros)
Total
Current accounts overdrawn
5,182
5
5,187
5,783
0
5,783
Loans and receivables
39,515
24
39,538
42,335
48
42,383
Security deposits paid Value adjustments for credit losses
(5)
(29)
(34)
(3)
(48)
(51)
TOTAL (c)
44,691
0
44,691
48,115
0
48,115
Comprises unimpaired financial assets for which value adjustments are calculated based on 12-month expected credit losses (Stage 1) or lifetime expected credit losses (Stage 2). (a) Impaired financial assets (Stage 3) are assets for which a default event has been identified as defined in Article 178 of the EU Regulation of June 26, 2013 on regulatory requirements for credit institutions. (b) As of December 31, 2019, Coface contributed €313.8 million to “Loans and receivables due from banks at amortized cost”. (c)
Reconciliation of loans and receivables due from banks at amortized cost
Loans and receivables due from banks at amortized cost at 31/12/2020
Unimpaired assets for which expected credit losses are measured over 12 months (S1 bucket)
Unimpaired assets for which expected credit losses are measured on a lifetime basis (S2 bucket)
Assets impaired after their origination/ acquisition (S3 bucket)
Assets impaired on origination/ acquisition
Total
Value adjustment for credit losses
Value adjustment for credit losses
Value adjustment for credit losses
Value adjustment for credit losses
Value adjustment for credit losses
Gross carrying amount
Gross carrying amount
Gross carrying amount
Gross carrying amount
Gross carrying amount
(in millions of euros)
26,449
(50)
BALANCE AT 01/01/2019
25,806
(0)
594
(2)
49
(48)
0
0
New originated or acquired contracts Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)
24,396
0
71
0
24,467
0
(29)
0
0
0
0
0
(29)
0
(7,046)
0
110
(1)
2
0
(6,933)
(2)
Financial asset transfers
14 20 (6)
0
(14) (20)
0
0
0
0
0
Transfers to S1 Transfers to S2 Transfers to S3
0 0 0 0 0
0 0 0 0 0
0 0 0 0
0 0 0 0 0 1 0
0 0 0 0
0 0 0 0 0 1 0 0 0
6 0 0
0 0
Transfer to non-current assets held for sale
Contracts fully repaid or sold during the period
(11,210)
(47)
(3) (1)
(11,259)
Impairment in value (write-off)
(1)
Variations linked to changes in exchange rates
80
0
1
0
1
82
Changes in the model used
Other changes (b)
14,835
0
0
0
0
0
14,835
BALANCE AT 31/12/2019 (a)
46,846
0
715
(3)
48
(48)
0
0
47,609
(51)
New originated or acquired contracts Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)
24,286
(0)
3
(0)
24,289
(0)
0
0
0
0
0
0
0
0
(6,976)
(0)
(154)
(2) (0)
1
(0)
(7,129)
(2)
Financial asset transfers
0
0
(0)
0
0
0
0
Transfers to S1 Transfers to S2 Transfers to S3
65
0 0 0 0 0
(65)
0
0 0 0 0
0 0 0 0 1
0 0 0
0 0 0 0 1 1 0 0
(65)
65
(0)
0
0 0
0 0 0
Transfer to non-current assets held for sale (c) Contracts fully repaid or sold during the period
(99)
(99)
(19,522)
(24)
(1)
(19,546)
Impairment in value (write-off)
(17)
17
(17)
17
Variations linked to changes in exchange rates
(570)
0
(58)
0
(1)
1
(629)
Changes in the model used
Other changes
31
(0)
(40) 442
0
(0)
0
(8)
BALANCE AT 31/12/2020 (a)
43,997
0
(4)
29
(29)
0
0
44,468
(34)
Gross carrying amount excluding insurance company contributions, i.e. €257 million at December 31, 2020 and €558 million at December 31, 2019. (a) Corresponds to outstanding loans with the SFS division’s retail banking entities in the amount of €14,734 million at January 1, 2019. (b) Corresponds to the assets of H2O classified as non -current assets held for sale at December 31, 2020. (c)
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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