NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

Notes and annexes

Note 1

General framework

259 259 260 261 262 265 265 265

Note 5

Accounting principles and valuation methods

280

1.1 1.2 1.3 1.4

Accounting standards applied

5.1 5.2 5.3

Financial assets (excluding derivatives)

280 283 284

Significant events Post-closing events

Leases

Impairment of assets at amortized cost and at fair value through other comprehensive income and provisions for financing and guarantee commitments

Impact of the health crisis on the financial statements

Note 2

Consolidation methods and principles

2.1 2.2

Consolidation scope

Derivative financial instruments 5.4 and hedge accounting Transactions in foreign currencies Fair value of financial instruments 5.6 5.5 Property, plant and equipment, intangible assets (excluding goodwill) and investment property Assets held for sale and discontinued 5.8 operations 5.7

287

The notion of control and consolidation

methods

289 289 290

2.3

Change in consolidation scope

266 266

Treatment of put options granted 2.4 to minority shareholders

2.5

Business combinations and goodwill

267 269 269

Subsidiaries held for sale 2.6

291

2.7

Standardization of individual data and treatment of intra-group transactions

Financial liabilities at fair 5.9 value through profit or loss

292

Natixis’ institutional operations 2.8

269 269

Currency conversion of the statements 2.9 of foreign subsidiaries and branches

Liabilities 5.10

292 292 293 293 293 294 294 295

Derecognition 5.11

Note 3

Consolidation scope

270

Offsetting of financial assets 5.12 and liabilities

3.1

Changes in consolidation scope

270

Provisions 5.13

since January 1, 2020

Employee benefits 5.14

5

3.2 3.3

Impact of acquisitions and disposals

271

Distinction between debt and equity 5.15

Interests in subsidiaries 272 Interests in partnerships and associates 3.4 273 Structured entities 275

Share-based payments 5.16

Treasury shares 5.17

Note 4

and treasury share derivatives Fees and commissions received 5.18

4.1

Scope of the structured entities with which Natixis has dealings

275

295

Tax expenses 5.19 296 Financing and guarantee commitments 5.20 296 Contributions to banking resolution 5.21 mechanisms 297 Use of estimates and judgment 5.22 297 Earnings/(loss) per share 5.23 300 Notes to the income statement 301

Interests held in non-consolidated 4.2 structured entities Non-consolidated structured entities 4.3 in which Natixis is involved only as a sponsor Financial support to structured entities 4.4 279 277 279

Note 6

6.1

Interest margin

301 302 303

Net fee and commission income 6.2

Gains and losses on financial assets and 6.3 liabilities at fair value through profit or loss Gains and losses on financial assets 6.4 at fair value through other comprehensive income

303

Net gains or losses resulting 6.5

304

from the derecognition of financial instruments at amortized cost

Other income and expenses 6.6

304 304

6.7

Operating expenses and depreciation,

amortization, and impairments

Cost of risk 6.8

305 306 306

Gains or losses on other assets 6.9 Reconciliation of the tax expense 6.10 in the financial statements and the theoretical tax expense

257

www.natixis.com

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020