NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

Statement of changes in shareholders’ equity

Consolidated reserves

Share capital & reserves

Reserves related to share capital (a)

Other equity instruments issued (b)

Other consolidated reserves

Elimination of treasury stock

Capital

(in millions of euros)

Shareholders’ equity at December 31, 2017 after appropriation of income

5,020

5,956

2,232

(25)

6,159

First-time application of IFRS 9

(32)

Shareholders’ equity at January 1, 2018

5,020

5,956

2,232

(25)

6,127

Capital increase

21

39

Elimination of treasury stock

(3)

(4)

Equity component of share-based payment plans

17

2017 dividend paid in 2018

(1,160)

Total activity related to relations with shareholders

21

39

0

(3)

(1,148)

Issuance and redemption of perpetual deeply subordinated notes and preference shares

(254)

Interest paid on perpetual deeply subordinated notes and preference shares

(97)

Change in gains and losses recorded directly in equity Appropriation to own credit risk reserve during the period

(4)

Appropriation to a reserve of income from the sale of equity instruments at FV through other comprehensive income that cannot be reclassified completed during the period

(4)

Change in actuarial gains and losses under IAS 19 R Income/loss at December 31, 2018 Impact of acquisitions and disposals (d)

(125)

Other (e)

(48)

Shareholders’ equity at December 31, 2018

5,040

5,995

1,978

(27)

4,703

Appropriation of 2018 earnings

1,577

Shareholders’ equity at December 31, 2018 after appropriation of income

5,040

5,995

1,978

(27)

6,279

Capital increase

4

(4)

Elimination of treasury stock

(13)

(1)

Equity component of share-based payment plans

9

2018 dividend paid in 2019

(2,451)

Total activity related to relations with shareholders

4

(4)

0

(13)

(2,443)

Issuance and redemption of perpetual deeply subordinated notes and preference shares

0

Interest paid on perpetual deeply subordinated notes and preference shares

(138)

Change in gains and losses recorded directly in equity Appropriation to own credit risk reserve during the period

1

Appropriation to a reserve of income from the sale of equity instruments at FV through other comprehensive income that cannot be reclassified completed during the period

1

Change in actuarial gains and losses under IAS 19 R Income/(loss) at December 31, 2019 Impact of acquisitions and disposals (f)

(46)

Other

(8)

SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2019

5,045

5,991

1,978

(40)

3,646

Share premiums, legal reserve, contractual reserves, long-term capital gains reserve and other Natixis reserves. (a) Other equity instruments issued: refers to perpetual deeply subordinated notes. At December 31, 2018, a redemption of perpetual deeply subordinated notes issued in 2008 was recorded in the amount of -€254 million. (b) Realized and unrealized “changes in fair value attributable to own credit risk on financial liabilities at fair value through profit or loss” recognized in shareholders' equity at December 31, 2019 totaled -€226.4 million (c) (gross amount, with an associated tax impact of +€60.4 million). Balancing payments related to the early redemption of Natixis issues recognized in shareholders' equity at December 31, 2019 totaled -€2 million (gross amount, with an associated tax impact of +€0.7 million); - Realized and unrealized “changes in fair value attributable to own credit risk on financial liabilities at fair value through profit or loss” recognized in shareholders' equity at December 31, 2018 totaled +€385.8 million (gross amount, with an associated tax impact of -€111.4 million). Balancing payments related to the early redemption of Natixis issues recognized in shareholders' equity at December 31, 2018 totaled +€5.3 million (d) - the impact of the recognition of new put options granted to minority shareholders relating to acquisitions, for -€49.5 million. These put options concern the M&A business line, with the acquisitions of Vermilion (-€14.1 million) and Fenchurch (-€26.8 million), and the Payments business line, with the acquisition of Alter CE (-€8.6 million); - the impact of existing put options granted to minority shareholders at the start of the year, for -€68.9 million. This impact was partly due to the change in the fair value of these put options for -€63.6 million, generated by the revaluation of financial debt for -€32.3 million, and for -€31.3 million by the effects of the unwinding of the discount on this financial debt, and partly due to the transfer of the change in the share of the net minority position of the entities representing these put options, for -€5.3 million; - the effect of changes in the percentage of ownership without a loss of control of consolidated entities, for -€5.8 million. This mainly concerned the increase in the percentage of ownership of the consolidated entity Caspian PE (from 55% to 72%), for -€3.4 million, and the fall in the percentage of ownership of the consolidated entity Ossiam (from 83% to 75%), for -€1.1 million; - the recognition of goodwill from BPCE IE directly in equity, in accordance with the accounting treatment of the acquisitions of jointly-controlled entities, for -€1 million; - the effects of translation adjustment recycling for -€56.5 million following the repayment by the Singapore, New York and Asia Ltd branches of part of their capital in order to reduce the Group’s global exposure to USD/EUR and HKD/EUR foreign exchange risk. In 2018, other reclassifications included -€43.2 million related to the elimination of capital gains on reclassification following the redemption of two lines of perpetual deeply subordinated notes issued in 2008. (e) (gross amount, with an associated tax impact of -€1.7 million); In 2018, shareholders' equity group share included the following:

238

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019