NATIXIS - Universal registration document and financial report 2019

FINANCIAL DATA Consolidated financial statements and notes

Notes and annexes

Note 1

Basis of presentation

243

Accounting principles and valuation Note 6 methods

263

1.1

IFRS standards and IFRIC interpretations

243

applied by the Group

6.1

Financial assets (excluding derivatives)

263 265 267

Presentation of the consolidated

245

1.2

Leases 6.2

financial statements

Impairment of assets at amortized cost 6.3 and at fair value through other comprehensive income and provisions for financing and guarantee commitments Derivative financial instruments 6.4 and hedge accounting Transactions in foreign currencies 6.5 Fair value of financial instruments 6.6

Year-end

1.3 1.4

245 245

Notes to the consolidated financial

statements

Impact of the first-time application Note 2 of IFRS 16 at January 1, 2019

246

269

2.1

Procedures and impact of first-time

246

271 271 272

application

Consolidation methods and principles Note 3

247 247 247

Guarantee mechanism for former GAPC

6.7

assets

3.1

Consolidation scope

Property, plant and equipment, 6.8

273

The notion of control and consolidation 3.2 methods Change in consolidation scope 3.3 Treatment of put options granted 3.4 to minority shareholders Business combinations and goodwill 3.5

intangible assets (excluding goodwill) and investment property Non-current assets held for sale and 6.9 discontinued operations Financial liabilities at fair value through 6.10 profit or loss

248 248

274

274

249 251 251

Subsidiaries held for sale 3.6

Liabilities 6.11

275 275 275 275 276 276 277 277

Standardization of individual data and treatment of intra-group transactions

3.7

Derecognition 6.12

Offsetting of financial assets 6.13 and liabilities Provisions and contingent liabilities 6.14

Natixis’ institutional operations 3.8

251 251

5

Currency conversion of the statements 3.9 of foreign subsidiaries and branches

Employee benefits 6.15

Consolidation scope Note 4

252 252 252

Distinction between debt and equity 6.16

4.1

Key events

Share-based payments 6.17

Changes in consolidation scope since 4.2 January 1, 2019 255 Interests in partnerships and associates 4.4 256 Interests in subsidiaries 4.3

Treasury shares and treasury share 6.18 derivatives Fees and commissions received 6.19

277

Tax expenses 6.20 278 Financing and guarantee commitments 6.21 278 Contributions to banking resolution 6.22 mechanisms 279 Use of estimates and judgment 6.23 279 Earnings per share 6.24 282 Notes to the income statement 283

Structured entities Note 5

258

258

5.1

Scope of the structured entities with which Natixis has dealings

Interests held in non-consolidated 5.2 structured entities Non-consolidated structured entities 5.3 in which Natixis is involved only as a sponsor Financial support to structured entities 5.4 262 260 262

Note 7

7.1 7.2 7.3

Interest margin

283

Net fee and commission income 284 Gains and losses on financial instruments 285

at fair value through profit or loss Gains and losses on financial assets at fair value through other comprehensive income Net gains or losses resulting from the derecognition of financial instruments at amortized cost

7.4

285

7.5

286

7.6 7.7 7.8 7.9

286 286 287 288 288

Other income and expenses

Operating expenses

Provision for credit losses Gains or losses on other assets

Reconciliation of the tax expense 7.10 in the financial statements and the theoretical tax expense

241

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019