NATIXIS - Universal registration document and financial report 2019
RISK FACTORS, RISK MANAGEMENT AND PILLAR III Basel 3 Pillar III disclosures
Transition from shareholder’s equity to prudential capital after applying phase-in arrangements
(in millions of euros)
31/12/2019
Shareholders’ equity Capital
5,045 4,251 5,386
Share premium
Retained earnings
Treasury shares
(40)
Other, including items of comprehensive income
881
Other instruments to be reclassified as Additional Tier 1 capital
1,978 1,897
Net income
Total shareholders’ equity – Group share Reclassification as Additional Tier 1 capital
19,396 (1,978)
Translation adjustments
(25)
Restatement of dividend forecast (dividend for previous year) Prudential filters Own credit risk: Gain on reclassification of hybrid securities Own credit risk: liabilities and derivatives net of deferred taxes
0
3
(144)
84
Prudent valuation adjustment
(390)
Unrealized gains and losses
(3)
Total prudential filters
(453)
Deductions Dividend proposed for current year and related expenses
(977)
Goodwill Amount as per accounting base
(3,516)
Amount of related deferred tax liabilities
347
Amount included in value of investments in associates
(216)
Intangible assets Amount as per accounting base Minority interests Amount as per accounting base
(479)
286
Prudential adjustment
(286)
Deferred tax assets (tax loss carry-forwards) Amount as per accounting base
(1,155)
o/w portion not including tax loss carry-forwards and impact of netting
459
Prudential adjustment
0 0 0
Shortfall of provisions to expected losses
Investments in the share capital of financial sector entities
Other prudential adjustments
(235)
Total deductions
(5,772)
Total Common Equity Tier 1 (CET1) Hybrid capital instruments Amount as per accounting base Other equity instruments
11,168
1,978
Residual gain on reclassification as equity
144
Nominal value adjustment during the period
43
Early redemption through exercise of call option
0 0
Cap due to grandfathering limit
Total hybrid instruments
2,165
Deductions
(22)
Other prudential adjustments including phase-in arrangements
0
Total additional Tier 1 capital
2,143
Total Tier 1 capital
13,311
Subordinated debt instruments Amount as per accounting base
3,370
Regulatory adjustment
(375)
Transfer of grandfathering cap on hybrid capital instruments
0
Total Tier 2 instruments
2,996
Surplus of provisions to expected losses
26
Deductions
(760)
Other prudential adjustments including phase-in arrangements
0
Total Tier 2 capital
2,262
TOTAL REGULATORY CAPITAL
15,573
Pursuant to Commission Implementing Regulation (EU) No. 1423/2013, the audit trail of regulatory capital as described in Appendix IV of the regulation is provided below.
163
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019
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