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