NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1

NOTE 5

BASIS OF PRESENTATION

204

ACCOUNTING PRINCIPLES AND VALUATION METHODS

227

IFRS standards and

1.1

IFRIC interpretations applied by the Group Presentation of the consolidated

Financial assets and liabilities (excluding derivatives)

5.1

204

227 229

1.2

Leases

5.2 5.3

financial statements

209 209

Credit risk on assets classified as loans and receivables Derivative financial instruments

Year-end

230

1.3 1.4

Notes to the consolidated financial

5.4

statements

209

and hedge accounting

231 232 233

Currency trading

5.5 5.6 5.7

NOTE 2

CONSOLIDATION METHODS AND

Fair value of financial instruments Guarantee mechanism for former

PRINCIPLES

210

Consolidation scope The notion of control

210

GAPC assets

238

2.1 2.2

Property, plant and equipment,

5.8

and consolidation methods Change in consolidation scope Treatment of put options granted

210 211 212 212 214

intangible assets (excluding goodwill) and investment property 238 Non-current assets held for sale and

2.3 2.4

5.9

discontinued operations

240

to minority shareholders

Financial liabilities at fair value 5.10 through profit or loss

Business combinations and goodwill

2.5 2.6 2.7

240 240 241 241 241

Subsidiaries held for sale

Debt 5.11

Standardization of individual data and treatment of intra-group transactions 214 Consolidation of insurance

Derecognition 5.12

Offsetting financial assets 5.13 and liabilities

2.8

companies

215 216

Provisions and contingent liabilities 5.14 242 Distinction between debt and equity 5.16 242 Share-based payments 5.17 243 Treasury shares and treasury share 5.18 derivatives 243 Fees and commissions received 5.19 243 Tax expenses 5.20 244 Financing and guarantee 5.21 commitments 244 Contributions to banking resolution 5.22 mechanisms 245 Use of estimates in preparing 5.23 the financial statements 245 Earnings/(loss) per share 5.24 246 Employee benefits 5.15

Institutional operations

2.9

Currency conversion 2.10

of the statements of foreign subsidiaries and branches

216

NOTE 3

CONSOLIDATION SCOPE

217

Key events

217

3.1 3.2

Changes in consolidation scope

since January 1, 2017 Interests in subsidiaries Interests in partnerships

218 219

3.3 3.4

and associates

220

NOTE 4

STRUCTURED ENTITIES

222

Scope of structured entities with which Natixis has dealings Interests held in non-consolidated Non-consolidated structured entities in which Natixis is involved only as a sponsor Financial support to structured structured entities

4.1

222

4.2

NOTE 6

NOTES TO THE BALANCE SHEET

248

225

Financial assets and liabilities at fair value through profit and loss

6.1

4.3

248 251 252 254 254 256 256 267

226

Hedging derivatives

6.2 6.3

Offsetting financial assets

4.4

entities

227

and liabilities

Available-for-sale financial assets

6.4 6.5 6.6 6.7

Loans and receivables

Held-to-maturity financial assets

Other information relating

to financial assets

Deferred tax assets and liabilities Accrual accounts, other assets and

6.8 6.9

liabilities

268

202

Natixis Registration Document 2017