NATIXIS - Document d'enregistrement universel et rapport financier annuel 2020

ÉLÉMENTS FINANCIERS Rapport des commissaires aux comptes sur les comptes consolidés

Présentation et évaluation des filiales destinées à être cédées Risque identifié et principaux jugements

Notre approche d’audit +IOM ;PIHM JLCM =IHH;CMM;H=? >? F; >I=OG?HN;NCIH L?F;NCP? r =?M IJwL;NCIHM KOC ; wNw GCM? r >CMJIMCNCIH J;L +;NCRCM ?N ;JJLw=Cw F?OL NL;CN?G?HN =IGJN;w=?G? =?MMCIH ?HPCM;Aw?M L?GJFCMM;C?HN V ? F?M KO;FC@C?L >f;=NCPCNwM >?MNCHw?M r xNL? =w>w?Mn ?R;GCH?L FfC>?HNC@C=;NCIH ?N F; JLwM?HN;NCIH >? Ff?HM?G?M V wFwG?HNM =IHMNCNONC@M >?M ;=NC@M ?N J;MMC@M >?MNCHwM r xNL? =w>wM ?H Yn =NC@M >wN?HOM ?H PO? >? F; P?HN?n^ ?N Yn-;MMC@M ;MMI=CwM r >?M ;=NC@M >wN?HOM ?H PO? >? F; P?HN?n^ ;O L?A;L> >?M >CMJIMCNCIHM >? F; HILG? &#/0n n ;JJLw=C?L F?M GI>;FCNwM >fwP;FO;NCIH >? F; DOMN? P;F?OL >?M ;=NC@M ?N V J;MMC@M >?MNCHwM r xNL? =w>wMn =IHNL~F?L Ff?MNCG;NCIH @;CN? J;L +;NCRCM >?M LwMOFN;NM >? =?MMCIH V >CGCHOwM >?M =I€NM ?MNCGwM >? F; P?HN? ;CHMC KO? F?OL ?HL?ACMNL?G?HN ?H A;CHM ?N J?LN?M MOL ;ONL?M ;=NC@Mn ?H@CH ;JJLw=C?L F? =;L;=NvL? ;JJLIJLCw >?M CH@ILG;NCIHM @IOLHC?M V MOL =?M IJwL;NCIHM ?N F?OL NL;CN?G?HN =IGJN;;HM F?M ;HH?R?M ;OR wN;NM @CH;H=C?LM =IHMIFC>wM

)? ALIOJ? +;NCRCM ; =IGJN;w=?G?OR IJwL;NCIHM >? =?MMCIH M?FIH F; HILG? &#/0n Yn =NC@M HIH =IOL;HNM >wN?HOM ?H PO? >? F; P?HN? ?N ;=NCPCNwM ;<;H>IHHw?Mn^n F? n@wPLC?L ;P?= F; MCAH;NOL? >fOH =IHNL;N >? =?MMCIH r L=B V ;JCN;F JILN;HN MOL n >O =;JCN;F ?N >?M >LICNM >? PIN? >? I@;=?n F? nHIP?G? HwAI=C;NCIHM =IH=?LH;HN F; V =?MMCIH >? % , MOCPC? J;L F; MCAH;NOL? >O JLINI=IF? >f;==IL> >w@CHCNC@ F? nD;HPC?L )? ALIOJ? +;NCRCM ; ?HL?ACMNLw F?M CGJ;=NM >? =?M =?MMCIHM >;HM M?M =IGJN?M ;O n>w=?G?M >CMJIMCNCIHM >? F; HILG? &#/0n F?M ;=NC@M ?N J;MMC@M >? =?M @CFC;F?M IHN wNw L?ALIOJwM MOL OH? FCAH? >CMNCH=N? >O wN?HOM ?H PO? >? F; P?HN? ?N IHN wNw wP;FOwM M?FIH F?M >CMJIMCNCIHM ;JJFC=;? F?OL P;F?OL H?NN? =IGJN;? F?OL DOMN? P;F?OL H?NN? >? @L;CM >? =?MMCIH )?M LwMOFN;NM >? =?MMCIH ?MNCGwM IHN wNw ?HL?ACMNLwM ?H A;CHM ?N J?LN?M MOL ;ONL?M ;=NC@M IGJN? N?HO >? FfCGJILN;H=? >? =?M IJwL;NCIHM >? =?MMCIH JIOL F? ALIOJ? +;NCRCM HIOM ;PIHM =IHMC>wLw KO? F?OL NL;CN?G?HN =IGJN;;HM F?M ;HH?R?M ;OR wN;NM @CH;H=C?LM =IHMIFC>wM =IHMNCNO;C?HN OH JICHN =Fw >? Ff;O>CN >? Ff?R?L=C=? 0f;ACMM;HN >? I@;=? F? GIHN;HN >f;=NC@M HIH =IOL;HNM >?MNCHwM r xNL? =w>wM MfwN;f?OLIM ?N F? LwMOFN;N >? =?MMCIH =IGJN;? n nGCFFCIHM >f?OLIM JLwM?HNw ?H A;CHM ?N J?LN?M MOL ;ONL?M ;=NC@M 0f;ACMM;HN >? % , F? GIHN;HN >f;=NC@M ?N >? J;MMC@M HIH =IOL;HNM >?MNCHwM r xNL? =w>wM MfwFvP? L?MJ?=NCP?G?HN r nGCFFCIHM >f?OLIM ?N nGCFFCIHM >f?OLIM ?N F? LwMOFN;N >? =?MMCIH ?MNCGw ?MN >? n nGCFFCIHM >f?OLIM JLwM?HNw ?H A;CHM ?N J?LN?M MOL ;ONL?M ;=NC@M -IOL JFOM >? >wN;CFM M? Lw@wL?L ;OR HIN?Mn ?Nn >? Ff;HH?R? ;OR =IGJN?M =IHMIFC>wM

5

405

www.natixis.com

NATIXIS DOCUMENT D’ENREGISTREMENT UNIVERSEL 2020