NATIXIS // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes

Summary of the notes to the consolidated financial statements

Note 1

General framework

273 273 274 276 277 277 277

Note 5

Accounting principles and valuation

291

methods

1.1 1.2 1.3

Accounting standards applied

5.1 5.2 5.3

Financial assets (excluding derivatives)

291 294 295

Significant events Post-closing events

Leases

Impairment of assets at amortized cost and at fair value through equity and provisions for financing and guarantee commitments Derivative financial instruments 5.4 and hedge accounting Transactions in foreign currencies Fair value of financial instruments 5.6 5.5 Property, plant and equipment, intangible assets (excluding goodwill) and investment property Assets held for sale and discontinued 5.8 operations Financial liabilities at fair value through 5.9 profit or loss 5.7

Note 2

Consolidation methods and principles

2.1 2.2

Consolidation scope

The notion of control and consolidation

298

methods

2.3

Change in consolidation scope

278 278

300 300 302

Treatment of put options granted 2.4 to minority shareholders

2.5

Business combinations and goodwill

279 280 281

Subsidiaries held for sale 2.6

Standardization of individual data and treatment of intra-group transactions Natixis’ institutional operations 2.8 Currency conversion of the statements 2.9 of foreign subsidiaries and branches 2.7

303

303

281 282

Liabilities 5.10

304 304 304 304 305 305 306 306

Derecognition 5.11

Note 3

Scope of consolidation

283

Offsetting of financial assets 5.12 and liabilities

3.1

Changes in the scope of consolidation

283

since January 1, 2021

Provisions 5.13

3.2 3.3

Impact of acquisitions and disposals

284

Employee benefits 5.14

5

Interests in subsidiaries 285 Interests in partnerships and associates 3.4 286 Structured entities 287

Distinction between debt and equity 5.15

Share-based payments 5.16

Treasury shares and treasury share 5.17 derivatives Fees and commissions received 5.18

Note 4

4.1

Scope of the structured entities with which Natixis has dealings

287

306

Tax expenses 5.19 307 Financing and guarantee commitments 5.20 307 Contributions to banking resolution 5.21 mechanisms 308 Use of estimates and judgment 5.22 308 Earnings/(loss) per share 5.23 313 Notes to the income statement 314

Interests held in non-consolidated 4.2 structured entities Non-consolidated structured entities 4.3 in which Natixis is involved only as a sponsor Financial support to structured entities 4.4 290 289 290

Note 6

6.1

Interest margin

314 314

Net fee and commission income 6.2 Gains and losses on financial assets 6.3

and liabilities at fair value through profit or loss 315

Gains and losses on financial assets 6.4 at fair value through other comprehensive income

316

Net gains or losses resulting 6.5

316

from the derecognition of financial instruments at amortized cost

Other income and expenses 6.6

316 317

6.7

Operating expenses and depreciation,

amortization, and impairments

Provision for credit losses 6.8 Gains or losses on other assets 6.9 Reconciliation of the tax expense 6.10 in the financial statements and the theoretical tax expense Net income from discontinued 6.11 operations

318 318 319

319

271

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021