NATIXIS_REGISTRATION_DOCUMENT_2017
FINANCIAL DATA Consolidated financial statements and notes
3.2.4 Newly consolidated entities
SCI Champs-Elysées, SCI La Boétie and SCI Saccef were a deconsolidated in the fourth quarter of 2017 after the percentageinterestfell beloweligiblelevels.
Specialized Financial Services
The holding company Natixis Paiement Holding was a consolidated in the first quarter of 2017. This company holds the entitiesin Natixis’Paymentsbusiness. Acquisition of 51% of S-Money and 85% of its subsidiary a Lakooz, which specialize in new payment methods, on February 9, 2017. The remaining 49% of S-Money was acquiredon October 30,2017, taking the ownershipinterestto 100%. The remaining 15% minority stake in Lakooz was acquiredon November 10,2017, taking the ownershipinterest in the companyto 100%. Acquisition of 79% of PayPlug, which also specializes in new a paymentmethods,on April 3,2017. Acquisitionof 54%of DalenysSA on October 31,2017. a Acquisition of 95% of Bati Lease, a real estate leasing a company, on October 2, 2017. An additional 2% stake was purchased from minority shareholdersin the fourth quarter of 2017, taking the ownershipinterestin the companyto 97%. Acquisition of 100% of Inter-Coop, a real estate leasing a company,on October 2,2017. Restructuring Natixis Consumer Finance IT was absorbed by Natixis a Financement through a total transfer of assets and liabilities (TUP) on April 30,2017. Natixis Consumer Finance was absorbed into Natixis S.A. by a total transferof assetsand liabilitieson April 30,2017. Deconsolidated entities Liquidation of the securitization vehicle Nordri on June 19, a 2017.
Coface 3.2.5 Changes in percentage of ownership
In the first quarter of 2017, Coface’s ownership interest in a Coface Central Europe Holding increased from 75% to 100% following the reimbursement of capital to minority shareholders. This transaction modified the ownership interestsin CofacePolandCMS and CofaceRomaniaCMS. 3.2.6 Deconsolidated entities Disposalof IJCOFCorporate onApril 7,2017. a Disposalof Ellisphere onApril 13,2017. a Restructuring Natixis HCP was absorbed into Natixis S.A. by total transfer of a assetsand liabilitieson June 27,2017. Corporate Center
5
Interests in subsidiaries 3.3
Material non-controlling interests 3.3.1 At December 31,2017, the main materialsubsidiaryin which the group had a non-controlling interest was Coface. At December 31, 2017, the main subsidiaries in which the group had a non-controlling interest were Coface and BPCE Assurances.
At December 31, 2017
12.31.2017
Non-controlling interests
Concise financial information about entities
(in millions of euros)
Income attributable to the owners of non-controlling interests over the period
Percentage control of non-controlling interests (if different)
Amount of non-controlling interests in the subsidiary
Dividends paid to the owners of non-controlling
Percentage interest in non-controlling interests
Total debt (liabilities - equity)
Place of establishment
Net income
Total income
Name of entity
interests Total assets
Coface
France
58.62%
58.62%
33
1,082
12
7,360
5,554
83
76
H2O
Great Britain
49.99%
49.99%
83
89
28
256
78
167
165
Other entities
76
20
39
TOTAL
192
1,192
79
At December 31, 2016
12.31.2016
Non-controlling interests
Concise financial information about entities
(in millions of euros)
Income attributable to the owners of non-controlling interests over the period
Percentage control of non-controlling interests (if different)
Amount of non-controlling interests in the subsidiary
Dividends paid to the owners of non-controlling
Percentage interest in non-controlling interests
Total debt (liabilities - equity)
Place of establishment
Net income
Total income
Name of entity
interests Total assets
Coface
France
58.67%
58.67%
8
1,082
44
7,061
5,301
42
58
BPCE Assurances
France
40.00%
40.00%
23
165
8
1,833
1,420
59
66
H2O*
Great Britain
49.99%
49.99%
29
35
55
107
37
58
52
Other entities*
30
13
4
TOTAL
90
1,296
111
H2O data have been added since the disclosure made in 2016. *
219
Natixis Registration Document 2017
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