NATIXIS // 2021 Universal Registration Document

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

Other Information Note 13

13.1

Lease contracts where Natixis is the lessee

13.1.1 The net amount of rights-of-use relating to leases as lessee at December 31, 2021 was €680 million (€898 million as at December 31, 2020) of which €678 million (€897 million as at December 31, 2020) related to property leases (see Note 7.11) .

Impact on income of leasing transactions as lessee

The lease liabilities in respect of leases as lessee came to €737 million (€1,011 million as at December 31, 2020) and are recognized under “Other liabilities” (see Note 7.9.2) .

(in millions of euros)

31/12/2020

31/12/2021

Interest expenses on lease liabilities

(11)

(13)

Amortization of rights-of-use

(201)

(194)

Variable lease payments not included in the valuation of lease liabilities

(6)

(9)

Impact on the income statement of lease agreements recognized in the balance sheet

(217)

(216)

(in millions of euros)

31/12/2020

31/12/2021

Lease expenses on short-term leases Lease expenses on low-value assets

(1) (0) (1)

(1) (5) (6)

Impact on the income statement of lease agreements not recognized in the balance sheet

Lease expenses related to low-value contracts and short-term contracts are recorded under “Expenses from other activities” in the consolidated income statement.

5

Income from subleases on right-of-use assets 13.1.2 When Natixis subleases all or part of an asset for which it has taken out a lease, the subleasing contract is subject to a substance-based analysis, similar to the approach taken by the lessors. Income earned on these contracts is recorded in exactly the same way as it is by the lessor, i.e. under “Income from other activities”, in the case of operating leases (see Note 6.6) , and under “Interest income”, in the case of finance leases (see Note 6.1) .

(in millions of euros)

31/12/2020

31/12/2021

Sub-lease revenue – operating leases Sub-lease revenue – finance leases

31

29

0

0

389

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021