NATIXIS_REGISTRATION_DOCUMENT_2017
3 RISKS AND CAPITAL ADEQUACY Capital management and capital adequacy
TRANSITION FROM SHAREHOLDER’S EQUITY TO PRUDENTIAL CAPITAL AFTER APPLYING PHASE-IN ARRANGEMENTS R
12.31.2017
(in millions of euros)
Shareholders' equity Capital
5,020
Issue premium
4,210
Retained earnings
6,235
Treasury shares
(25)
Other, including items of comprehensive income
453
Other instruments to be reclassified as Additional Tier 1 capital
2,232
Net income
1,669
Total shareholders' equity – Group share
19,795
Reclassification as Additional Tier 1 capital
(2,232)
Translation adjustments
17
Restatement of dividend forecast (dividend for previous year)
0
Prudential filters after phase-arrangements Own credit risk: Gain on reclassification of hybrid securities
(170)
Own credit risk: liabilities and derivatives net of deferred taxes
181
Prudent valuation adjustment
(262)
Unrealized gains and losses
16
Total prudential filters
(236)
Deductions after phase-in arrangements Dividend proposed for current year and related expenses
(1,160)
Goodwill Amount as per accounting base
(3,215)
Amount of related deferred tax liabilities
311
Amount included in value of investments in associates
(227)
Intangible assets Amount as per accounting base Minority interests Amount as per accounting base
(511)
137
Prudential adjustment including phase-in arrangements
(137)
Deferred tax assets (tax loss carry-forwards) Amount as per accounting base
(1,490)
o/w portion not including tax loss carry-forwards and impact of netting
700
Prudential adjustment including phase-in arrangements
316
Shortfall of provisions to expected losses
0
Investments in the share capital of financial sector entities
0
Other prudential adjustments including phase-in arrangements
(95)
Total deductions
(5,370)
Total Common Equity Tier 1 (CET1)
11,975
Hybrid capital instruments Amount as per accounting base Other equity instruments
2,232
Residual gain on reclassification as equity
170
Nominal value adjustment during the period
(4)
Early redemption through exercise of call option
0
Leveling due at the grandfathering limit
0
Total hybrid instruments
2,397
Deductions
(22)
Other prudential adjustments including phase-in arrangements
(79)
Total additional Tier 1 capital
2,297
Total Tier 1 capital
14,271
Subordinated debt instruments Amount as per accounting base
3,081
Regulatory adjustment
(126)
Transfer of grandfathering leveling on hybrid capital instruments
0
Total Tier 2 instruments
2,955
Surplus of provisions to expected losses
0
Deductions
(760)
Other prudential adjustments including phase-in arrangements
74
Total Tier 2 capital
2,269
TOTAL PRUDENTIAL CAPITAL
16,540
122
Natixis Registration Document 2017
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