NATIXIS -2020 Universal Registration Document
FINANCIAL DATA Parent company financial statements and notes
Provisions and impairment Note 17
Translation adjustments
(in millions of euros)
Charges Reversals
Other
01/01/2020
31/12/2020
(1,427)
(1,003)
489
43
2 0
(1,896)
Provisions for impairment deducted from assets
Banks
(48)
0
18
0
(30)
Customers Investments
(991)
(857)
409
37
(2)
(1,404)
(10) (20)
(12)
14 12 10 26
0 0 0 6
1 0 5
(7)
Other long-term investments
(9)
(17)
(261)
(117)
(363)
Investments in subsidiaries and affiliates
Misc. securities and debtors
(97)
(8)
(2) (5) (1) (4)
(75)
(300)
(52)
2,021
Provisions recognized in liabilities
2,264
114 103
Employee benefits
237
(43) (28) (82)
0
296
Off-balance sheet commitments
49
19 24
(1) (2)
35
Country risk
385
0 0 0 0 0
325
Specific credit risk
2
0 5
(1) (2)
0
1
Provisions for litigation
491 220 366 514
(41)
453 297
Sector risk
159
(74)
(8)
Forward financial instrument risk
0
(310)
0
56
Other
96
(52)
558
Translation adjustments
5
(in millions of euros)
01/01/2019 Charges Reversals
Other 31/12/2019
Provisions for impairment deducted from assets
(1,420)
(578)
567
1
3
(1,427)
Banks
(48)
1
(1) (6)
(48)
Customers Investments
(859)
(482)
353
3
(991)
(18) (21)
(1) (2)
12
(3)
(10) (20)
Other long-term investments
3
Investments in subsidiaries and affiliates
(393)
(50) (43) 445
171
8
3
(261)
27
(97)
Misc. securities and debtors
(81)
Provisions recognized in liabilities
2,192
(375) (187)
12
(10) (18)
2,264
Employee benefits
397
45 62
237
Off-balance sheet commitments
21
(35) (15)
1
49
Country risk
269
131
385
Specific credit risk
2
1
(1)
2
Provisions for litigation
482 229 324 468
9 1
491 220 366 514
Sector risk
84 75 47
(94) (33) (10)
Forward financial instrument risk
Other
2
7
NIT dispute As a reminder, on December 18, 2019, the French antitrust body (Autorité de la Concurrence) announced that France's four historical meal voucher companieswere to be fined a total of nearly €415 million for price fixing. On a financial level, the fine incurred by Natixis came to €83.3 million (of which €4.4 million for Natixis Intertitres alone, with Natixis being severally liable for the balance). Natixis has appealed this decision and believes it has numerous arguments in its defense with which to challenge it. Under these conditions, no provisions were booked in the financial statements at December 31, 2019 or Decembe3r1, 2020.
435
www.natixis.com
NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
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