NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Consolidated financial statements and notes
Other information Note 14
14.1
Lease contracts where Natixis is the lessee
14.1.1 The net amount of rights-of-userelating to lessee leases amounts to €898 million as of December 31, 2020 (€1,023 million as of December 31, 2019) of which €897 million (€1,011 million as of December 31, 2019) relating to property leases (see Note 7.10) .
Impact on income of leasing transactions as lessee
The lease liabilities in respect of lease contracts as lessee came to €1,011 million (€1,164 million at December 31, 2019) and are recognized under “Other liabilities” (see Note 7.9.2) .
(in millions of euros)
31/12/2019
31/12/2020
(13)
(20)
Interest expenses on lease liabilities
Amortization of rights of use
(194)
(219)
(9)
(9)
Variable lease payments not included in the valuation of lease liabilities
Impact on the income statement of lease agreements recognized in the balance sheet
(216)
(247)
(in millions of euros)
31/12/2019
31/12/2020
Lease expenses on short-term leases Lease expenses on low-value assets
(1) (5) (6)
(2) (3) (5)
Impact on the income statement of lease agreements not recognized in the balance sheet
Lease expenses related to low-value contracts and short-term contracts are recorded under “Expenses from other activitiesin” the consolidated income statement.
5
Income from subleases on right-of-use assets
14.1.2 When Natixis subleases all or part of an asset for which it has taken out a lease, the subleasing contract is subject to a substance-based analysis, similar to the approach taken by the lessors.
Income earned on these contracts is recorded in exactly the same way as it is by the lessor, i.e. under “Income from other activities”, in the case of operating leases (see Note 6.6) , and under “Interest income”, in the case of finance leases (see Note 6.1) .
(in millions of euros)
31/12/2019
31/12/2020
29
30
Sub-lease revenue – operating leases Sub-lease revenue – finance leases
0
0
385
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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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