NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Parent company financial statements and notes

OPERATING EXPENSES

NOTE 29

2017

2016

(in millions of euros)

Payroll costs

(1,371)

(1,343)

Wages and salaries

(899) (431)

(878) (328)

Social security expenses (a)(d)

Incentive and profit-sharing plans

(72) (87)

(61) (88)

Taxes on income Rebilled expenses

36 82

28

Provisions for risks and other expenses (b)(d)

(16)

Other administrative expenses Taxes other than on income (c)

(1,191)

(1,125)

(194)

(185)

External services Rebilled expenses

(1,130)

(1,080)

133

140

5

Depreciation, amortization and impairment of property, plant and equipment and intangible assets

(78) (78)

(69) (69)

Charges

TOTAL

(2,640)

(2,537)

Of which pension costs for €149 million at December 31, 2017 versus €74 million at December 31, 2016. (a) Of which a net provision reversal for the Workforce Adaptation Plan of €4 million at December 31, 2017 versus €9 million at December 31, 2016. (b) Including a contribution of €116 million to the Single Resolution Fund (SRF) at December 31, 2017, versus €110 million at December 31, 2016. (c) Natixis S.A. has opted to outsource a portion of its employee benefits. For 2017, the accounting impact was -€68 million in social security (d) expenses for contributions paid to insurance companies and +€68 million for a reversal of provisions for employee benefits.

PROVISION FOR CREDIT LOSSES

NOTE 30

2017

2016

(in millions of euros)

Provision for credit losses on asset items

(100)

(661) (673) (335)

Non-performing loans: Impairment charges

(54)

(206)

Reversals of impairment charges

405

307

Losses covered

(252)

(650)

Losses not covered

(3)

(9) 14 12 (5) 62

Recoveries of bad debts written off

2

Securities:

(46) (13)

Impairment charges

Reversals of impairment charges

16

Losses covered

(49)

(45) 400 (29)

Provision for credit losses on liability items

(148)

Country risk:

(86) (87)

Charges to provisions Reversals of provisions

(104)

1

75

Risks and charges:

(62)

429 (78) 507

Charges to provisions Reversals of provisions

(118)

56

TOTAL

(248)

(261)

375

Natixis Registration Document 2017