NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

a) Amounts recognized on the balance sheet at December 31, 2018 The amount of the recognized provision on the liability side of the balance sheet corresponds to the value of the actuarial liabilities under the defined benefit plans, less the market value of the assets to hedge these benefit liabilities.

31/12/2018

31/12/2017

Post-employment defined-benefit plans

Other long-term employee benefits

Post-employment defined-benefit plans

Other long-term employee benefits

Supplemen- tary pension benefits and other

Supplemen- tary pension benefits and other

End-of-career awards

Long-service

End-of-career awards

Long-service

awards Other benefits

awards Other benefits

(in millions of euros)

Total

Total

Actuarial liabilities

526

215

51

144

936

577

256

63

123

1,020

Fair value of plan assets

(255)

(102)

0

0

(357)

(270)

(88)

0

0

(359)

Fair value of separate assets (a)

(147)

(27)

0

0

(174)

(171)

(43)

0

0

(214)

Effect of ceiling on assets

2

0

0

0

2

8

0

0

0

8

Net amount recognized in balance sheet

126

86

51

144

406

143

125

63

123

455

under liabilities

273

113

51

144

581

315

168

63

123

669

under assets 214 Separate asset components are for the most part segregated in the balance sheets of Natixis insurance subsidiaries (ABP Life Insurance), (a) hedging the benefit liabilities of other entities within the Natixis group of consolidated companies which were transferred to hedge the post-employment benefits of a few categories of employees. 147 27 0 0 174 171 43 0 0

5

b) Changes in recognized amounts on the balance sheet (Changes in actuarial liabilities)

12.31.2018

12.31.2017

Post-employment defined-benefit plans

Other long-term employee benefits

Post-employment defined-benefit plans

Other long-term employee benefits

Total

Supplemen- tary pension benefits and other

Supplemen- tary pension benefits and other

End-of-career awards

Long-service

End-of-career awards

Long-service

Total

awards Other benefits

awards Other benefits

(in millions of euros)

Actuarial liabilities at start of period

577

256

63

123

1,020

636

238

60

125

1,059

Changes recorded in income

(7)

5

(3)

18

14

(48)

16

3

(0)

(29)

Service cost

4

14

5

69

92

9

13

5

45

72

Past service cost

0

(0)

0

(0)

(0)

(42)

10

1

0

(30)

o/w plan liquidation and reduction

0

0

0

0

0

(41)

9

0

0

(32)

Interest cost

14

4

1

0

19

16

2

0

0

19

Benefits paid

(25)

(11)

(4)

(51)

(91)

(25)

(10)

(3)

(46)

(84)

o/w amounts paid out in respect of plan liquidation Revaluation adjustments on other long-term employee benefits Changes recognized directly in other comprehensive income with no recycling Revaluation adjustments – demographic assumptions Other

(11)

(6)

(2)

(28)

(48)

(12)

(5)

0

0

(17)

0

0

(1)

(0)

(1)

0

0

(1)

(0)

(1)

(0)

(1)

(3)

0

(4)

(6)

0

(0)

1

(5)

(45)

(15)

0

0

(61)

23

4

0

0

27

0

(7)

0

0

(6)

(0)

4

0

0

4

Revaluation adjustments – financial assumptions Revaluation adjustments – past-experience effect

(26)

(7)

0

0

(34)

26

(2)

0

0

24

(19)

(1)

0

0

(21)

(2)

2

0

0

(0)

Translation adjustments

8

0

0

1

9

(35)

(1)

(0)

(3)

(38)

Changes associated with non-current assets held for sale (a)

(10)

(31)

(10)

(1)

(52)

Changes in scope

3

(0)

0

0

3

2

0

0

0

2

Other

(1)

0

0

3

2

(1)

(2)

1

0

(1)

Actuarial liabilities at end of period

526 1,020 Corresponds to the actuarial liabilities, at December 31, 2018, associated with the SFS entities recognized in non-current assets held for sale as at (a) December 31, 2018 (see Notes 3.6 and 6.9). 215 51 144 936 577 256 63 123

367

Natixis Registration Document 2018

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