NATIXIS -2020 Universal Registration Document
5 FINANCIAL DATA
Consolidated financial statements and notes
a) Amounts recognized on the balance sheet at December 31, 2020 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 tohedge these benefit liabilities.
31/12/2020
31/12/2019
Post-employment defined-benefit plan
Other long-term employee benefits
Post-employment defined-benefit plan
Other long-term employee benefits
Supple- mentary pension benefits and other
Supple- mentary pension benefits and other
End-of- career awards
End-of- career awards
Long-service awards
Long-service awards
Other
Total
(in millions of euros)
Other
Total
Actuarial liabilities
579
212
49
185
1,025
622
238
54
127
1,042
(423)
(105)
0 0 0
0 0 0
(528)
(422)
(104)
0 0 0
0 0 0
(526)
Fair value of plan assets
Fair value of separate assets (a)
(33)
(29)
(62)
(32)
(28)
(61)
Effect of ceiling on assets
0
0
0
0
0
0
NET AMOUNT RECOGNIZED IN BALANCE SHEET
124
77
49
185
435
168
105
54
127
455
Under liabilities
156
107
49
185
497
200
134
54
127
516
Under assets
33
29
0
0
62
32
28
0
0
61
Separate asset components are for the most part segregated in the balance sheets of Natixis insurance subsidiaries (ABP Life Insurance), hedging the benefit liabilities of other entities within the Natixis group of consolidated (a) companies which were transferred to hedge the post-employment benefits of a few categories of employees.
b) Changes in recognized amounts on the balance sheet (Changes in actuarial liabilities)
31/12/2020
31/12/2019
Post-employment defined-benefit plan
Other long-term employee benefits
Post-employment defined-benefit plan
Other long-term employee benefits
Supple- mentary pension benefits and other
Supple- mentary pension benefits and other
End-of- career awards
End-of- career awards
Long-service awards
Long-service awards
Other
Total
(in millions of euros)
Other
Total
622 (27)
238
54
127 (23)
1,042
526
215
51
144 (15)
936 (12)
Actuarial liabilities at start of period
Changes recorded in income
8
3
(39)
(5)
3
5
Service cost
6
12
4 1
18
40
7
12
4 0
28
50
Past service cost
(13) (13)
0
0
(12) (13)
(2) (2)
0
0
(2) (2)
o/w plan liquidation and reduction
0
0
0
0
0
0
Interest cost
12
1
0
0
13
15
3
1
0
19
Benefits paid
(32)
(6)
(2)
(41)
(81)
(25)
(11)
(3)
(45)
(84)
o/w amounts paid out in respect of plan liquidation Revaluation adjustments on other long-term employee benefits
(16)
(5)
0
0
(21)
(11)
0
0
0
(11)
0
0 1
(0)
0 1
(0)
0 0
0 0
4 0
2 0
5
Other
(0)
0
2
(1)
Changes recognized directly in other comprehensive income with no recycling
34
2
0
0
36
95
19
0
0
114
Revaluation adjustments – demographic assumptions Revaluation adjustments – financial assumptions Revaluation adjustments – past-experience effect
6
1
0
0
7
(3)
1
0
0
(2)
17
4
0
0
21
83
23
0
0
106
12
(3)
0
0
9
15
(5)
0
0
10
Translation adjustments
(28)
(0)
0
(3)
(31)
2
0
0
0
3
Changes associated with non-current assets held for sale (a)
(21)
(36)
(9)
(3)
(68)
0 0 5
0 0 0
0 0
0 0
0 0 2
Changes in scope
0
0
0
0
0
Other (b)
(1)
(0)
(0)
86
85
(1)
(1)
579
212
49
185
1,025
622
238
54
127
1,042
Actuarial liabilities at end of period
Corresponds to Coface treated for accounting purposes under IFRS 5 and under EM since early 2020. (a) Including €86 million corresponding to the reclassification to the opening of the provision for time savings now considered as a long-term benefit. (b)
374
NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
Made with FlippingBook Publishing Software