NATIXIS_PILLAR_III_2017_EN

CAPITAL MANAGEMENT AND CAPITAL ADEQUACY Composition of capital

TABLE 3: TRANSITION FROM SHAREHOLDER’S EQUITY TO REGULATORY CAPITAL AFTER APPLYING ■ PHASE-IN ARRANGEMENTS (in millions of euros)

12.31.2017

Shareholders’ equity Share capital Additional paid-in capital

5,020 4,210 6,235

Retained earnings Treasury shares

(25) 453

Other, including items of comprehensive income

3

Other instruments to be reclassified as Additional Tier 1 capital

2,232 1,669

Net income

Total shareholders’ equity (Group share) Reclassification as Additional Tier 1 capital

19,795 (2,232)

Translation adjustments

17

Restatement of proposed dividend (dividend for previous year) Prudential filters after phase-in arrangements Own credit risk: gain on reclassification of hybrid securities Own credit risk: liabilities and derivatives net of deferred tax

0

(170)

181

Prudent valuation adjustment Unrealized gains and losses

(262)

16

Total prudential filters

(236)

Deductions after phase-in arrangements Dividend proposed for current year and related expenses

(1,160)

Goodwill Amount as per accounting base

(3,215)

Amount of related deferred tax liabilities

311

Amount included in value of investments in associates

(227)

Intangible assets Amount as per accounting base Minority interests Amount as per accounting base

(511)

137

Prudential adjustment including phase-in arrangements

(137)

Deferred tax assets (tax loss carry-forwards) Amount as per accounting base

(1,490)

o/w portion not including tax loss carry-forwards and impact of netting

700 316

Prudential adjustment including phase-in arrangements

Shortfall of provisions to expected losses

0 0

Investments in the share capital of financial sector entities Other prudential adjustments including phase-in arrangements

(95)

Total deductions

(5,370) 11,975

Total Common Equity Tier 1 (CET1) Hybrid capital instruments Amount as per accounting base Other equity instruments

2,232

Residual gain on reclassification as equity Nominal value adjustment during the period Early redemption through exercise of call option

170

(4)

0 0

Leveling due to the grandfathering limit

Total hybrid instruments

2,397

Deductions

(22) (79)

Other prudential adjustments including phase-in arrangements

Total additional Tier 1 capital

2,297

Total Tier 1 capital

14,271

37

NATIXIS Risk report Pillar III 2017