NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

Investment property 6.10.2

12.31.2017

12.31.2016

Impairment and amortization

Impairment and amortization

Gross value

Net value

Gross value

Net value

(in millions of euros)

Investment property At fair value (a)

918 352

918 155

947 327

947 137

At historical cost

(198)

(190)

TOTAL 1,084 The fair value of investment property, for which the valuation techniques are described in Notes 5.6 and 5.8, is classified in Level 3 of the fair value hierarchy of IFRS 13. Insurance company investments. Changes in fair value give rise to the symmetrical recognition of a deferred profit-sharing reserve equal to 89% (a) of the related base amount on average at December 31, 2017 compared to 87.0% at December 31, 2016 (see Note 2.8). 1,270 (198) 1,073 1,274 (190)

Fair value of investment property 6.10.3

The fair value of investmentpropertyis obtainedby discountingthe rental yield of these assetsat the marketrate.

12.31.2017

12.31.2016

5

Net value

Fair value

Net value

Fair value

(in millions of euros)

Operating leases

96 59

168

106

164

Finance leases - ITNL

76

32

36

TOTAL

155

244

137

201

Assets obtained by taking possession of guarantees 6.11

12.31.2017

12.31.2016

(in millions of euros)

Investment property

-

-

Equity and debt instruments

76

TOTAL

-

76

271

Natixis Registration Document 2017