NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

8.6.2

Loans and receivables due from customers

31/12/2019

31/12/2018

Unimpaired financial assets (a)

Impaired financial assets (b)

Unimpaired financial assets (a)

Impaired financial assets (b)

Total

(in millions of euros)

Total

Reverse repurchase agreements

3,541 2,625

0

3,541 2,646

3,144 3,469

0

3,144 3,498

Current accounts overdrawn

22

29

Finance leases

38

8 0

45

33

7 0

40

Factoring

2,347

2,347

2,510

2,510

Other

60,749

3,043

63,792

58,866

2,351

61,217

Security deposits paid

93

0

93

109

0

109

Value adjustments for credit losses

(119)

(1,255)

(1,375) 71,089

(125)

(1,114)

(1,239) 69,279

TOTAL

69,272

1,817

68,006

1,273

Corresponds to unimpaired financial assets for which value adjustments are calculated based on 12-month expected credit losses (Stage 1) or lifetime expected credit losses (Stage 2); (a) Impaired financial assets (Stage 3) are assets for which a default event has been identified as defined in Article 178 of the EU Regulation of June 26, 2013 on regulatory requirements for credit institutions. (b)

Reconciliation table for loans and receivables due from customers at amortized cost

Loans and receivables due from customers at amortized cost

Unimpaired assets for which expected credit losses are measured over 12 months (S1 bucket)

Unimpaired assets for which expected credit losses are measured on a lifetime basis (S2 bucket)

Assets impaired after their origination/acquisition (S3 bucket)

Assets impaired on origination/acquisition

Total

Value adjustment for credit losses

Value adjustment for credit losses

Value adjustment for credit losses

Value adjustment for credit losses

Value adjustment for credit losses

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

Gross carrying amount

(in millions of euros)

BALANCE AT 01/01/2018

36,781

(45)

45,019

(277)

4,163

(1,510)

473

(92)

86,436

(1,923)

New originated or acquired contracts

21,745

(26)

4,602

(25)

0

0

16

(1)

26,363

(52)

Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)

(187)

2

(40)

1

(9)

(0)

0

0

(236)

3

2,707 5,054 7,291

32

(6,678) (5,587) (7,284)

31 31 36

(120)

(187)

(91)

(16)

(4,181)

(139)

Financial asset transfers

(30) (35)

231

(43)

0

0

(302)

(42)

Transfers to S1 (a) Transfers to S2 Transfers to S3

(1)

1

0 0 0

0 0 0 1

5

3

(2,189)

4 1

2,160

(14)

(278)

32

(307)

21

(48)

(463)

9

511

(76) 370 176 255 (13)

(0)

(66) 495 247 259 (17)

Transfer to non-current assets held for sale (b) Contracts fully repaid or sold during the period

(9,933) (6,803)

27

(10,204) (10,024)

96 54

(1,361)

(13) (29)

(21,511) (17,590)

8 0

(734) (255)

10

Impairment in value (write-off)

0

0

0

(4)

4

(259)

Variations linked to changes in exchange rates

890

(1)

669

(1)

6 0

11

(2)

1,576

Changes in the model used

0 0

0 0

0 0

0 0

0

0 0

0 0

0

0

Other changes

220

(68)

220

(68)

BALANCE AT 31/12/2018

50,255

(31)

17,758

(91)

2,143

(1,021)

363

(96)

70,518

(1,239)

New originated or acquired contracts

16,918

(17)

1,386

(13)

0

0

0

0

18,304

(30)

Changes in contractual cash flows not giving rise to derecognition Variations linked to changes in credit risk parameters (excluding transfers)

225

1

38

(2)

(3)

(5)

0

0

259

(6)

874

4

573

(9) 10 10 (5)

378 731

(367)

107

4

1,933

(368)

Financial asset transfers

(1,892)

(6)

1,161 (740) 2,356

(4)

0

0

0

0

Transfers to S1 Transfers to S2 Transfers to S3

741

(10)

0

0 3

0 0 0

0 0 0

0 0 0

0 0 0

(2,285)

3 1

(71)

(347)

(455)

6

802

(7)

Transfer to non-current assets held for sale Contracts fully repaid or sold during the period

(15,008)

10

(4,653)

21

(262) (191)

60

(123)

12

(20,046)

103 197

Impairment in value (write-off)

194

(3)

3

(195)

Variations linked to changes in exchange rates

454

0 0 0

173

(1)

9 0 4

(8)

5 0 1

(1)

641

(9)

Changes in the model used

0 6

0

0 0

0

0

1,256

(211)

(29)

1,050

(23)

Other changes (c)

BALANCE AT 31/12/2019

53,083

(40)

16,224

(79)

2,809

(1,180)

349

(77)

72,464

(1,375)

Including the transfer from Stage 2 to Stage 1, due to the improvement over the period of the ratings of the economic sectors related to the transferred amounts. (a) Corresponds to the SFS business lines recognized in non-current assets held for sale as at December 31, 2018 (see Notes 3.6 and 4.1). (b) Of which €525 million corresponds to outstanding loans with the SFS entities sold to BPCE at January 1, 2019. (c)

314

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019