NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
9.6
Segment information
9.6.1
Segment reporting in the income statement
At December 31, 2020
31/12/2020
Asset & Wealth Management (b)
Corporate & Investment Banking
Payment Corporate Center (c)
Insurance
Total
(in millions of euros)
Net revenues
3,225
2,663
901
431
86
7,306
2019/2020 change (a)
(14)%
(17)%
6%
2%
(91)% (522) (54)% (436)
(21)%
Expenses
(2,387)
(2,037)
(491)
(391)
(5,828)
2019/2020 change (a)
(4)%
(6)%
3%
6%
(12)%
838
626
410
39
1,478 (42)% (851)
Gross operating income
2019/2020 change (a)
(34)%
(41)% (819) 163% (193)
12%
(25)%
146%
Provision for credit losses
(27)
0
2
(8)
2019/2020 change (a)
234%
(210)%
(18)% (444)
157%
Net operating income
811
410
42
626
2019/2020 change (a)
(36)%
(126)%
12% (17)
(17)%
137%
(72)%
Associates
1
10
0
(47)
(53)
2019/2020 change (a)
50% (55)
(5)%
(271)%
(351)%
Other
(0)
0
0
(132)
(187)
2019/2020 change (a)
(119)%
(127)%
Income before tax
757
(183)
393
42
(622)
386
2019/2020 change (a)
(40)%
(125)%
4%
(17)%
(87)%
Net income Group share
459
(139)
271
29
(519)
101
2019/2020 change (a)
(31)%
(126)%
5%
(14)%
(225)%
(95)%
This information is determined based on the accounting principles applied in accordance with IFRS as adopted by the European Union at December 31, 2020.
(a) (b)
Restated change between December 31, 2020 and December 31, 2019.
5
Of which for Asset Management: - net banking income: €2,948 million; - expenses: -€2,157 million; - gross operating income: €792 million; - provision for credit losses: -€27 million;
- pre-tax profit: €711 million. Of which short-term cash:
(c)
- net banking income: €140 million; - expenses: -€62 million;
- gross operating income: €78 million; - provision for credit losses: -€0 million; - pre-tax profit: €78 million. Of which Coface: - share of net income of companies accounted for under the equity method: -€47 million (-€57.5 million of impairment on the value of equity-accounted investments and +€10.5 million in euros in respect of operating income for 2020); - other: -€145.6 million corresponding to the gain on disposal of 29.5% (see Note 1.2.1).
Breakdown of net revenues
(in millions of euros)
Net revenues
2019/2020 change
Asset & Wealth Management
3,225
(14)%
Asset Management
2,948
(16)%
Wealth Management
178
20%
Employee Savings
99
(1)%
2,663
(17)%
Corporate & Investment Banking
Capital Markets (a)
944
(32)%
Global finance & Investment banking
1,671
(7)%
Other
48
97%
Insurance
901 431
6% 2%
Payment
Corporate Center
86
(91)% (21)%
TOTAL
7,306
Of which €1,069 million excluding the net revenues of the XVA desks, which can be broken down into €1,114 million in net revenues for FICT and -€45 million for Equities. (a)
363
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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