NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

DECEMBER 31, 2016 R

Reversal (utilized provisions)  (a)

Reversal (surplus provisions)  (b)

Translation adjustments

Changes in scope

01.01.2016

Increase

Other  (c)

12.31.2016

Provisions for impairment deducted from assets

3,334

749

(320)

(406)

21

15

(108)

3,285

Provisions for loans and receivables

2,320

588

(296)

(302)

18

(144)

2,185

Impairment losses taken on available-for-sale financial assets

538

63

(41)

(1)

1

3

563

Other impairment

476

99

(24)

(64)

3

14

33

536

Provisions recognized in liabilities

1,907

377

(162)

(81)

26

3

199

2,268

Contingency reserves

1,668

318

(146)

(76)

26

3

202

1,994

Provisions for current tax

239

59

(16)

(5)

0

(3)

273

TOTAL 5,553 The amounts shown in the above table include write-downs of assets held by life insurance companies. They are shown without the impact of changes in insurance company technical reserves. The amounts shown in the above table include write-downs of assets held by life insurance companies. They are shown without the impact of changes in insurance company technical reserves. Of which €122 million in reversals used following disposals of receivables made during the year. (a) Of which €30 million in reversals not used following disposals of receivables made during the year. (b) Of which: a €53 million change in actuarial assumptions for employee benefits recorded directly in other comprehensive income with no (c) recycling. 5,241 1,126 (482) (487) 47 17 91

Impact on the income statement (in millions of euros)

Charges

Reversals

Net impact

Net revenues

(332) (182)

179 137

(153)

Operating expenses

(45)

Impairment and amortization of property, plant and equipment and intangible assets

(6)

4

(2)

Gross operating income Provision for credit losses

(520) (548)

319 616

(201)

68

Gains or losses on other assets

-

-

Pre-tax profit

(1,067)

935

(132)

Income tax

(59)

21

(37)

NET INCOME

(1,126)

956

(170)

Contingency reserves 6.16.2

DECEMBER 31, 2017 R

Reversal (utilized provisions)

Reversal (surplus provisions)

Translation adjustments

Changes in scope

Notes

01.01.2017

Increase

Other

12.31.2017

(in millions of euros)

Counterparty risks

741

102

(0)

(41)

(94)

(21)

687

Financing and guarantee commitments

51

27 60 15

(34)

(3)

(21)

19

Legal disputes (a) Other provisions Impairment risks

676

(0) (0) (4) (1)

(1) (6)

(89)

(0)

646

14 55 41

(2) (1) (1)

21 35 21

7 2 0 5

(23) (20)

0 0

Long-term investments Real estate developments

0

0

Other provisions

14

(2)

(3)

14

Employee benefit obligations Operational risks (b)(c)

11

793 405

107

(161)

(61) (59)

(10)

0 8

3

671 349

94

(89)

(7)

(3)

TOTAL 1,742 of which €388.8 million in provisions at December 31, 2017 in respect of exposure to outstanding Madoff assets, net of insurance. The amount of (a) insurance was €123 million for disputes pertaining to the case (see Chapter [3], Section [3.11], “Risk and Capital Adequacy”). 1,994 311 (255) (185) (111) 8 (21)

of which €2 million at December 31, 2017 in respect of the workforce adjustment plan completed in 2015. (b) of which €30.6 million of provisions for restructuring costs at December 31, 2017 in respect of the Coface plan. (c)

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Natixis Registration Document 2017