NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
c) Changes in recognized amounts on the balance sheet (Changes in hedging assets) Plan assets
31/12/2020
31/12/2019
Post-employment defined-benefit plan
Post-employment defined-benefit plan
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of-career awards
End-of-career awards
Total
(in millions of euros)
Total
422
104
526
255
102
357
Fair value of assets at start of period
Changes recorded in income
(18)
(0)
(19)
(6)
1 1 0 0 0 0
(5)
Interest income
10
0 0 0 0
10
12
14
Plan participant contributions
2 1 0
2 1 0
3 3 0
3 3 0
o/w paid by employer
o/w paid by beneficiaries
Benefits paid
(26) (12)
(2) (2)
(28) (14)
(21) (11)
(21) (11)
o/w amounts paid out in respect of plan liquidation
0
Other
(3)
1
(2)
0
0
0
Changes recognized directly in other comprehensive income with no recycling
47
2
49
50
1
51
47
2
49
50
1
51
Revaluation adjustments – Return on assets
Translation adjustments
(24)
0
(24)
4
0
4
Changes associated with non-current assets held for sale (a)
(1)
(1)
(2)
0 0
0 0 0
0 0
Changes in scope
0
0
0
Other (b)
(3)
(0)
(3)
119 422
119 526
423
105
528
104
Fair value of assets at end of period
Corresponds to Coface treated for accounting purposes under IFRS 5 and under EM since early 2020. (a) In 2019, Institution de Prévoyance Austerlitz was transformed into an Institution de Retraite Professionnelle Supplémentaire (IRPS – complementary occupational pension scheme), with the result that the contracts hedging (b) part of Natixis’ pension commitments were classified as plan assets.
Separate assets
5
31/12/2020
31/12/2019
Post-employment defined-benefit plan
Post-employment defined-benefit plan
Supplementary pension benefits and other
Supplementary pension benefits and other
End-of-career awards
End-of-career awards
Total
(in millions of euros)
Total
Fair value of assets at start of period
32
28
60
147
27
174
Changes recorded in income
(0)
0 0 0 0 0 0
(0)
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
Interest income
0 0 0 0
0 0 0 0
Plan participant contributions
o/w paid by employer
o/w paid by beneficiaries
Benefits paid
(0) (0)
(0) (0)
o/w amounts paid out in respect of plan liquidation
0
0
0
0
Other
0
0
0
0
0
0
Changes recognized directly in other comprehensive income with no recycling
1
1
2
2
1
3
1
1
2
2
1
3
Revaluation adjustments – Return on assets
Translation adjustments
0
0
0
0
0
0
Changes associated with non-current assets held for sale
(0)
(0)
(0)
0 0
0 0 0
0 0
Changes in scope
0 0
0 0
0 0
Others (a)
(117)
(117)
Fair value of assets at end of period
33
29
62
32
28
60
In 2019, Institution de Prévoyance Austerlitz was transformed into an Institution de Retraite Professionnelle Supplémentaire (IRPS – complementary occupational pension scheme), with the result that the contracts hedging (a) part of Natixis’ pension commitments were classified as plan assets.
375
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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