NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

Furthermore, goodwill on entities consolidated using the equity method amounted to €3.4 million at December 31, 2019. Certain goodwill recorded for the United States gives rise to a tax amortization over 15 years due to the difference between the

carrying amount of the goodwill and its tax value. This difference in treatment generated a deferred tax liability of €320.9 million as at December 31, 2020, versus €346.6 million as at December 312,019.

Due to banks and customer deposits 7.13 Amounts due to banks and customer deposits are presentedby type accordance with IFRS 9 of deposit (demand or term deposits). They are measured in amortized cost method.

within other financial liabilities using the

7.13.1 (in millions of euros) Current accounts Deposits and loans

Amounts due to credit institutions

31/12/2019

31/12/2020

5,445

5,080

69,750

59,888

Repurchase agreements Security deposits received

9,129

6,888

82

65

Other liabilities

1

5

TOTAL (a) 71,927 Including €4,156 million for the insurance entities at December 31, 2020, versus €1,509 million at December 31, 2019; Coface contributed €451.7 million (a) to Credit institutions as of December 31, 2019. The fair value of debts due to banks is provided in Note 7.5.4. 84,408

7.13.2 (in millions of euros) Current accounts Deposits and loans

Amounts due to customers

5

31/12/2019

31/12/2020

21,579

23,529

6,876

4,764

Repurchase agreements Special savings accounts

17

121 294 301

243

Factoring accounts

Security deposits received Other liabilities

1,069

1,449

Accrued interest

14

27

TOTAL (a)

29,798

30,485

Coface contributed €301.9 million to “Amounts due to customers” as of December 31, 2019. (a) The fair value of customer deposits is presented in Note 7.5.4.

Debt securities 7.14 Debt securities (interest-bearingnotes, interbankmarket securities, etc.) are broken down by type of security, excluding subordinatedsecurities which are included within “Subordinated debt”.

(in millions of euros)

31/12/2019

31/12/2020

Money market instruments

33,362

44,127

Bonds

1,650

1,492 1,756

Other debt securities

640

Total (a)

35,652

47,375

Coface contributed €1,538.7 million to “Debt securities” as of December 31, 2019. (a) The fair value of debt securities is presented in Note 7.5.4.

341

www.natixis.com

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020