NATIXIS // 2021 Universal Registration Document
5 CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes
Provision for credit losses 6.8 This line item primarily includes income related to the recognition of credit risk as defined by IFRS 9: cash flows on provisions and impairments for 12-month and V lifetime expected credit losses related to: debt instruments recognized at amortized cost or at fair value V through other comprehensive income, lease receivables, V
loan or guarantee commitments given that do not fit the V definition of derivative financial instruments; losses on irrecoverable loans, and recoveries of loans previously V recognized as losses.
31/12/2021
31/12/2020
Recoveries of bad debts written off
Write-offs not covered by provisions
Write-offs not covered by provisions
Recoveries of bad debts written off
Net reversals
Net reversals
Charges
Net
(in millions of euros)
Charges
Net
Provisions for impairment of financial assets
(992)
849
(7)
6
(144)
(1,372)
567
(3)
7
(801)
Unimpaired financial assets – 12-month expected credit losses Unimpaired financial assets – Lifetime expected credit losses Impaired financial assets – Lifetime expected credit losses Financing commitments – 12-month expected credit losses Financing commitments – Lifetime expected credit losses Impaired financing commitments – Lifetime expected credit losses Other
(168)
149
0
0
(18)
(118)
90
0
0
(27)
(490)
523
0
0
33
(395)
321
0
0
(73)
(334)
176
(7)
6 0 0
(159)
(860)
156
(3)
7
(700)
0
0
0
0
Contingency reserves
(519)
482
(0)
(37)
(403)
353
(0)
0
(51)
(104)
98
0
0
(6)
(75)
50
0
0
(25)
(351)
329
0
0
(22)
(295)
253
0
0
(41)
(50) (13)
47
0
0 0 6
(4) (6)
(25)
42
0
0 0 7
16 (1)
Other
8
(0) (7)
(8)
8
(0) (3)
(851)
TOTAL
(1,511)
1,331
(181)
(1,775)
920
of which: Reversals of surplus impairment provisions Reversals of utilized impairment provisions
1,331
920
576
677
Sub-total reversals
1,907 (576) 1,331
1,597 (677)
Write-offs covered by provisions
TOTAL NET REVERSALS
920
This item also includes any impairments recorded in respect of proven default risks associated with counterparties of OTC instruments, booked as financial assets at fair value through profit or loss equal to -€7.6 million as of December 31, 2021
Gains or losses on other assets 6.9 This item comprises capital gains and losses on the disposal of property, plant and equipment and intangible assets used in operations, as well as capital gains and losses on the disposal of investments in consolidated companies.
31/12/2021
31/12/2020
Property, plant and equipment and intangible assets
Property, plant and equipment and intangible assets
Investments in consolidated companies
Investments in consolidated companies
Total (a)
(in millions of euros)
Total (b)
Net capital gains/(losses) on disposals
(61) (61)
5 5
(56) (56)
(187) (187)
0 0
(187) (187)
TOTAL
Including -€84.2 million for H2O recorded in the 2021 fiscal year (see Note 2.6 ). (a) Including a loss of €145.6 million concerning the disposal of Coface and a loss of €47.6 million on H2O recorded in fiscal year 2020 (see Note 1.2 “Significant (b) events” at 31 december 2020).
318
NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021
Made with FlippingBook Annual report maker