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

11

NATIXIS 2018 MEETING NOTICE

Made with FlippingBook - Online magazine maker