NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

Net gains or losses on available-for-sale financial assets 7.4 Net gains or losseson available-for-salefinancialassetsprincipallycomprise: gains or losseson sales of available-for-salefinancialassetsand financialassetsrecognizedat their amortizedcost; a permanentlosses in value and dividendspayableon variable-incomesecurities,chargedto “Available-for-salefinancialassets”. a The impairmentof fixed-incomesecuritiesclassifiedas available-for-saleis chargedto “Provisionfor credit losses”.

12.31.2017

12.31.2016

(in millions of euros)

Dividends

119 330 (27)

112 161 (58)

Gains or losses on disposals (a)

Impairment of variable-income securities

Discounts on syndicated loans

4

1

Total (b) 216 In addition, at December 31, 2017, Natixis disposed of its 15% stake in CACEIS. Gains or losses on disposals recognized under “Net gains or (a) losses on available-for-sale financial assets” stood at €74 million. The value entered directly as equity at the beginning of the period and 426

transferred to the income statement under “Net gains or losses on available-for-sale financial assets” was €31 million. Of which €309 million for insurance activities at December 31, 2017, and €119 million at December 31, 2016. (b)

Other income and expenses 7.5 Income and expenses from other operations mainly comprise income and expenses relating to finance leases and investment property.

This item also includes income and expenses relating to insurance and reinsurance activities, in particular life insurance premium income, paid benefits and claims, and changes in insuranceliabilities.

12.31.2017

12.31.2016

Notes

Income Expenses

Net

Income Expenses

Net

(in millions of euros)

Finance leases

7.5.1

200 114 314

(215)

(15)

186 104 290

(204)

(18)

Investment property

(30)

83 69

(34)

70 52

Sub-total Real Estate Activities Net charge to/reversal of insurance companies’ technical reserves Other insurance income and expenses

(245)

(237)

(5,175)

(5,175)

(14,547)

(14,547)

7.5.2

10,578 (5,649) 10,578 (10,824)

4,929 (246)

19,943 (5,061) 19,943 (19,608)

14,882

Sub-total Insurance (a)

335

Operating leases

100 456

(78)

22

86

(64)

22

Other related income and expenses (b)

7.5.3

(302)

154

521

(355)

166

TOTAL 575 The share in insurance income and expenses relating to the partnership with CNP Assurances regarding receivables arising on reinsurance (a) activities linked to reinsured policies amounted to €11.9 billion at December 31, 2016. Including an expense of €25 million recorded in respect of a legal dispute concerning formula-based investment funds, taking the total amount (b) recognized for this dispute to €35 million at December 31, 2017. 11,448 (11,448) (1) 20,840 (20,265)

7.5.1

Finance leases

12.31.2017

12.31.2016

Income Expenses

Net

Income Expenses

Net

(in millions of euros)

Gains or losses on disposals

34

(61)

(26)

15

(43)

(28)

Write-downs

0

(8)

(8) 20

0

(2)

(2) 11

Other related income and expenses

166

(145)

170

(159)

TOTAL

200

(215)

(15)

186

(204)

(18)

288

Natixis Registration Document 2017