NATIXIS - Universal registration document and financial report 2019

FINANCIAL DATA Consolidated financial statements and notes

Gains/(losses) recorded directly in equity

Recyclable

Non-recyclable

Revaluation of own credit risk on financial liabilities designated at fair value through profit or loss (c)

Remeasurement of equity instruments at fair value through other comprehensive income

Revaluation of debt instruments at FV through OCI recyclable to income

Revaluation adjustments on defined-benefit plan commitments

Available- for-sale assets

Shareholders' equity group share

Total consolidated equity

Translation adjustments

Hedging derivatives

Net income group share

Non-controlling interests

282

637

(148)

(196)

(123)

0

19,795

1,192

20,987

(107)

26 26

(14) (14)

(128)

(4)

(132)

282

530

(148)

(196)

(123)

0

19,667

1,188

20,855

60

60

(6)

(6)

17

17

(1,160)

(169)

(1,329)

0

0

0

0

0

0

0

0

(1,090)

(169)

(1,259)

(254)

(254)

(97)

(97)

223

(169)

(43)

43

(10)

275

318

(17)

301

4

0

0

4

0

0

23

23

1

24

1,577

1,577

304

1,880

(53)

2

(0)

(177)

(14) (14)

(191)

(3)

(51)

(65)

452

363

(18)

(105)

(25)

83

(100)

1,577

19,916

1,279

21,195

(1,577)

0

452

363

(18)

(105)

(25)

83

(100)

0

19,916

1,279

21,195

5

0

0

(14)

(14)

9

1

10

(2,451)

(301)

(2,752)

0

0

0

0

0

(2,456)

(300)

(2,757)

0

0

(138)

(138)

112

223

12

2

34

(166)

217

71

288

(1)

0

0

(1)

0

0

(38)

(38)

(2)

(40)

1,897

1,897

380

2,276

16

(70)

(1)

106

2

7

6

13

(8)

(3)

(11)

580

516

(6)

3

9

(84)

(136)

1,897

19,396

1,430

20,826

At December 31, 2019, shareholders' equity group share included the following: (f) - the impact of the recognition of new put options granted to minority shareholders relating to acquisitions, for -€44.2 million. These puts concerned the Corporate & Investment Banking business line and its acquisition of M&A advisory firm Azure Capital. A -€9 million put was recognized on 48% of minority interests. In addition, a -€0.3 million put was recorded on Natixis Coficiné minority interests (0.01% of share capital). Furthermore, the Asset & Wealth Management business line (via Natixis Investment Managers) sole part of its stake in Flextone Partners SAS, thus decreasing Natixis’ ownership interest from 100% to 84%. A put option on minority interests was recorded on the 16% minority stake for -€3.6 million. In addition, Thematics Asset Management, which was co-founded by its managing partners and Natixis Investment Managers in 2019, was consolidated in the accounts. The intention is for the firm to become Natixis’ partner of choice for thematic investing in international equities. Natixis Investment Managers holds put options on minority interests (60%) in the amount of -€30.2 million. At Massena Partners, a put option on minority interests (2%) was recorded in the amount of -€0.9 million. Finally, for the Payments business, a put option on the minority interests at Lakooz (0.1%) was recorded in the amount of -€0.2 million. - the impact of existing put options granted to minority shareholders at the start of the year, for +€12.7 million. This impact stems from the +€12.7 million change in fair value of these put options over the period, resulting from the negative revaluation of financial debt for +€29.5 million and the effects of unwinding the discount on this financial debt, for -€16.8 million. The transfer of the change in the share of the net minority position of the entities representing these put options had a neutral effect over the period; - the effect of changes in the percentage of ownership without a loss of control of consolidated entities, in the amount of -€13 million, of which -€4.4 million for Coface and -€11.5 million in losses for the buyout of 49% of the minority interests of Mirova Natural Capital Limited - the impact of the recycling to profit or loss (resulting from the disposal of the SFS business lines to BPCE) in particular of unrealized reserves on available-for-sale assets from the CEGC portfolio for -€70 million, recyclable hedging derivatives reserves for +€106 million and revaluation adjustments on defined benefit plans for +€2 million; - the impact of the recycling through profit or loss (resulting from the disposal of Natixis Brasil) of translation adjustments for +€21.9 million and recyclable OCI on fixed income securities for +€0.8 million. - the effects of translation adjustment recycling for -€5.6 million following the repayment by the Dubai branch of part of its capital (€94.4 million) in order to reduce the Group’s global exposure to USD/EUR foreign exchange risk.

239

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019