NATIXIS - 2018 Registration document and annual financial report
FINANCIAL DATA Consolidated financial statements and notes
9.4.3
Investment property
31/12/2018
01/01/2018
Impairment and amortization
Impairment and amortization
Gross value
Net value
Gross value
Net value
(in millions of euros)
Investment property—At fair value Investment property—At historical cost Investment property—UL policies
970
0
970
918
0
918
40
(13)
27
44
(13)
31
374
0
374
363
0
363
TOTAL
1,385
(13)
1,371
1,325
(13)
1,312
The fair value of investment property, for which the valuation techniques are described in Note 8.5.3, is classified in Level 3 of the fair value hierarchy of IFRS 13.
Changes in fair value give rise to the symmetrical recognition of a deferred profit-sharing reserve equal to 88% of the related base amount on average at December 31, 2018, compared with 89% at December 31, 2017 (see Note 9.2.5) .
Fair value of financial assets and liabilities carried at fair value in the balance sheet 9.4.4
Financial assets and liabilities measured at fair value are categorized based on the fair value hierarchy presented in Notes 5.6 and 8.5.
5
31/12/2018
Assets (in millions of euros)
Book value
Level 1
Level 2
Level 3
Financial assets at fair value through profit and loss —Trading
4,827 4,810
4,730 4,726
98 84
0
Fixed-income securities held for trading
o/w debt instruments in the form of securities o/w equity instruments
4,810
4,726
84
Derivative instruments not eligible for hedge accounting (positive fair value)
18
4
13
0
o/w interest rate derivatives o/w currency derivatives
4
4
13
3
10
0
o/w credit derivatives o/w equity derivatives
1 0
1
o/w other
0
Other financial assets held for trading Financial assets designated under the fair value option through profit or loss
17,501
14,789
1,473
1,238 1,238
o/w debt instruments in the form of securities
1,582
89 83
255 282
o/w equity instruments
366
o/w loans and receivables o/w investments backed by unit-linked policies
15,553 47,801
14,617 39,708
936
Available-for-sale financial assets
5,617
2,475
Available-for-sale securities—Equity investments
208
0
0
208
Other available-for-sale securities
47,593 40,874
39,708 34,443
5,617 4,213 1,404
2,267 2,218
o/w debt instruments in the form of securities
o/w equity instruments
6,718
5,265
49
o/w other available-for-sale financial assets TOTAL
70,129
59,228
7,188
3,713
351
Natixis Registration Document 2018
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