NATIXIS - 2018 Registration document and annual financial report
FINANCIAL DATA Parent company financial statements and notes
OPERATING EXPENSES
NOTE 29
2018
2017
(in millions of euros)
Payroll costs
(1,367)
(1,371)
Wages and salaries
(916) (364)
(899) (431)
Social security expenses (a) (d) Incentive and profit-sharing plans
(57) (81)
(72) (87)
Taxes on income Rebilled expenses
34 17
36 82
Provisions for risks and other expenses (b) (d)
Other administrative expenses Taxes other than on income (c)
(1,262)
(1,191)
(232)
(194)
External services Rebilled expenses
(1,209)
(1,130)
179
133
Depreciation, amortization and impairment of property, plant and equipment and intangible assets
(77) (77)
(78) (78)
5
Charges
TOTAL
(2,706)
(2,640)
Of which pension costs for €111 million at December 31, 2018 versus €149 million at December 31, 2017. (a) Of which a net provision reversal for the Workforce Adaptation Plan of €2 million at December 31, 2018 versus €4 million at December 31, 2017. (b) Including a contribution of €157 million to the Single Resolution Fund (SRF) at December 31, 2018, versus €116 million at December 31, 2017. (c) Natixis S.A. has opted to outsource a portion of its employee benefits. For 2017, the accounting impact was -€68 million in social security (d) expenses for contributions paid to insurance companies and +€68 million for a reversal of provisions for employee benefits.
PROVISION FOR CREDIT LOSSES
NOTE 30
2018
2017
(in millions of euros)
Provision for credit losses on asset items
(185) (164) (361)
(100)
Non-performing loans: Impairment charges
(54)
(206)
Reversals of impairment charges
459
405
Losses covered
(224)
(252)
Losses not covered
(39)
(3)
Recoveries of bad debts written off
1
2
Securities:
(21) (22)
(46) (13)
Impairment charges
Reversals of impairment charges
2
16
Losses covered
(1)
(49)
Provision for credit losses on liability items
(43)
(148)
Country risk:
2
(86) (87)
Charges to provisions Reversals of provisions Risks and charges: Charges to provisions Reversals of provisions
(42)
44
1
(45)
(62)
(155)
(118)
110
56
TOTAL
(228)
(248)
435
Natixis Registration Document 2018
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