NATIXIS_SHARHOLDERS_MEETING_2018
MANAGEMENT REPORT AT DECEMBER 31, 2017
After incorporating -€192 million in minority interests, recurring net income (Group share) amounted to €1,669 million in 2017, up 21.4% compared to 2016. Consolidated management ROE after tax (excluding non-recurring items) came to 9.9% in 2017, giving an accounting ROE of 9.6%.
RECURRING NET INCOME (GROUP SHARE) The recurring tax expense came to €789 million in 2017. The effective tax rate was 30% in 2017.
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES CONSOLIDATED BALANCE SHEET – ASSETS
Notes
12.31.2017
12.31.2016
(inmillions of euros)
Cash, central banks
36,901
26,704
Financial assets at fair value through profit or loss
6.1
184,497
187,628
REPORT
Hedging derivatives
6.2
339
1,220
Available-for-sale financial assets
6.4
57,885
54,990
Loans and receivables due frombanks
6.5
45,289
58,783
› o/w institutional operations Customer loans and receivables
6.5
136,768
140,303
› o/w institutional operations
779
758
Revaluation adjustments on portfolios hedged against interest rate risk Held-to-maturity financial assets
6.6
1,885
2,066
Current tax assets
577
436
Deferred tax assets
6.8
1,585
1,908
Accrual accounts and other assets
6.9
46,624
46,109
Non-current assets held for sale
738
947
Deferred profit-sharing Investments in associates
3.4
734
666
Investment property
6.10
1,073
1,084
Property, plant and equipment
6.10
758
672
Intangible assets
6.10
732
744
Goodwill
6.12
3,601
3,600
TOTAL ASSETS
519,987
527,859
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NATIXIS 2018 MEETING NOTICE
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