NATIXIS - 2018 Registration document and annual financial report

FINANCIAL DATA Consolidated financial statements and notes

The sources of the differences between the off-balance sheet amounts and right of use amount estimated in accordance with IFRS 16, at January 1, 2019 on the first-time recognition date (see Note 2 “Basis of presentation”) are as follows, by type: lease payments under contracts already signed but whose a underlying assets had not yet been made available on the date of transition to IFRS 16 are not included in the calculation of rights of use and lease liabilities. These lease payments are, however, included in off-balance sheet commitments; rights of use and lease liabilities are initially determined by a discounting the lease payments over the term of the contracts in accordance with IFRS 16. The lease payments included in off-balance sheet commitments are not discounted; rights of use and lease liabilities are initially determined based a on lease payments excluding VAT (whether or not it is

recoverable). The lease payments included in off-balance sheet commitments at December 31, 2018 and December 31, 2017 include unrecoverable VAT, however; contracts relating to low value assets and short-term contracts a (including short-term contracts in force on the date of transition to IFRS 16) are excluded from the calculation of rights of use and lease liabilities in accordance with the exemptions provided for by IFRS 16. Short-term contracts are, however, included in off-balance sheet commitments at December 31, 2018 and December 31, 2017. The estimated right of use amount at January 1, 2019, the date of the first-time application of IFRS 16, is therefore less than the operating lease payment commitment amounts presented in this note.

Related parties 16.2 Relationships among the Group’s consolidated companies

5

The main transactions between Natixis and related parties (BPCE and subsidiaries, Banque Populaire network including Banque Populaire banks and their subsidiaries, the Caisse d’Epargne network including the Caisses d’Epargne and their subsidiaries and all the affiliates consolidated using the equity method) are described below:

31/12/2018

01/01/2018

Banques Populaires

Caisses d’Epargne

Banques Populaires

Caisses d’Epargne

BPCE

BPCE

(in millions of euros)

Assets Financial assets at fair value through profit or loss

17,577

3,139

4,330

13,645

2,967

4,486

Available-for-sale financial assets

564

120

41

Financial assets at fair value through other comprehensive income Debt instruments at amortized cost Loans and receivables due from banks and similar items at amortized cost

44

96

52

110

17,871

350

106

31,145

381

86

Customer loans and receivables at amortized cost Insurance business investments Non-current assets held for sale (a)

27

60 98

90

165

12,826

26

12,764

41

260

326

204

482

Liabilities Financial liabilities designated at fair value through profit or loss Deposits and loans due to banks and similar items

6,304

1,633

3,325

5,225

1,176

3,521

47,925

1,468

3

68,761

1,879

702

Deposits and loans due to customers

311

83

30

274

52

7

Debt securities Subordinated debt

2,597

2,314

Insurance-related liabilities

0

1

73

1

11

98

Liabilities on assets held for sale (a)

434

976

1,131

Shareholders’ equity

1,789

1,823

Commitments Commitments given

11,302 10,619

18

85

9,372 5,648

21

68

Commitments received (b) 2,533 Corresponds to the SFS business lines recognized in non-current assets held for sale as at December 31, 2018 (see Notes 3.6 and 6.9). (a) Of which €5,081 million at January 1, 2018 for SFS business lines recognized in non-current assets held for sale as at December 31, 2018 (see (b) Notes 3.6 and 6.9). 2,965 3,243 2,710

Relations with associates and joint ventures are not material.

377

Natixis Registration Document 2018