NATIXIS_REGISTRATION_DOCUMENT_2017
5 FINANCIAL DATA
Consolidated financial statements and notes
STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
Sharecapital&reserves
Consolidated reserves
(in millions of euros)
Reserves related to share capital (a)
Otherequity instruments issued (b)
Elimination oftreasury stock
Other consolidated reserves
Capital
Shareholders' equity at December 31, 2015 after appropriation of income Initial applicationof IFRS 9 for financial liabilities designated atfair value through profit or loss (c)
5,005 5,864
1,213 (12)
6,173
(32)
Capital increase
14
12
Elimination of treasury stock
13
4 5
Equity component of share-based paymentplans
2015 dividend paid in 2016
(1,094)
Total activity related to relations with shareholders
14
12
0
13 (1,084)
Issuance and redemption of perpetual deeply subordinated notes and preference shares Interest paid on perpetual deeply subordinated notes and preference shares
398
0
(78)
Change in gains and lossesrecorded directlyin equity Appropriation to own credit risk reserve during the period Change in actuarial gains and losses under IAS 19R Income/(loss) at December 31, 2016 Impact of acquisitions and disposals (d)
(8)
(158)
Other
(8)
Shareholders’ equity at December 31, 2016
5,019 5,875
1,611
1
4,805 1,293 6,098
Appropriation of 2016 earnings
81
Shareholders’ equity at December 31, 2016 after appropriation of income
5,019 5,956
1,611
1
Capital increase
0
(0)
Elimination of treasury stock
(25)
(0) 10
Equity component of share-based paymentplans
2016 dividend paid in 2017
(1,098) (1,087)
Total activity related to relations with shareholders
0
(0)
0 (25)
Issuance and redemption of perpetual deeply subordinated notes and preference shares Interest paid on perpetual deeply subordinated notes and preference shares
621
0
(94)
Change in gains and losses recorded directly in equity Appropriation to own credit risk reserve during the period Change in actuarial gains and losses under IAS 19R Income/(loss) at December 31, 2017 Impact of acquisitions and disposals (e)
(4)
(344)
Other (f)
(80)
Shareholders’ equity at December 31, 2017
5,020 5,956
2,232 (25)
4,490
Issue premiums, legalreserve, contractual reserves, long-term capital gains reserve and other Natixis reserves. (a). Other equity instruments issued: refers to perpetual deeply subordinated notes. AtDecember 31, 2017,BPCE subscribed totwo new issuances of (b) perpetual deeply subordinated notes foratotal amount of€897million,while the repayment of -€276million for perpetual deeply subordinated notes issued in2017was recognized. At December 31, 2016,BPCE had subscribed toa new issuance of perpetual deeply subordinated notes w rth€400million (in January 2016), while the partial repayment of -€2million had been recognized. Data restated for the impact of the early application ofthe provisions of IFRS 9 “Financial nstruments” on fi ancialiabilities designated atfairvalue (c) through profit orloss as fromJanuary 1, 2016. The impact ofthe early application ofprovisions relating tofinancial liabilities under IFRS 9 “Financial nstruments” recognized un er “Revaluation f own credit riskon financial liabilities designated atfairvalue through profit orloss” in opening shareholders’ quity corresponds to own credit spreadat January 1, 2016, i.e. €49 million (gross amount) andanassociated tax impact of-€17million (see Note 1.1) "Changes in fairvalue attributable toown credit riskon financial liabilities designated atfairvalue through profitorloss” for the 2016fiscal year recognized inshareholders’ equity, unrealized and realized, totaled -€156.5 million (grossamount, with anassociated tax impact of +€53.9million). Balances relating totheearlyrepayment ofNatixis issues recognized inshareholders’ equity in2016 totaled+€12 million (grossamount, with an associated tax impact of-€4million). "Changes in fairvalue attributable toown credit riskon financial liabilities designated atfairvalue through profitorloss” at December 31, 2017 recognized inshareholders’ equity, unrealized and realized, totaled -€185.3 million (grossamount, with anassociated tax impact of +€48.5million). Balances relating totheearlyrepayment ofNatixis issuances recognized inshareholders’ equity at December 31, 2017, totaled +€5.3 million (gross amount, with anssociated tax impact of-€1.8million). In2016,shareholders’ equity (Group share) included the following: (d). -€73million incalloptions granted to minority shareholders inPeter J. Solomon Company (PJSC); -€24million incalloptions granted to minority shareholders inCiloger; -€65million related tothe revaluation and unwinding of the discount oncalloptions granted to minority shareholders ofDNCAFrance; -€18million for the acquisition f40%ofAEW Europe; -€44million intranslation adjustments following therepayment of USD 400million inretained earnings bythe New York branch.
198
Natixis Registration Document 2017
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