NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Parent company financial statements and notes

Gains/(losses) on fixed assets Note 32

(in millions of euros)

2019 (a)

2020

Long-term investments Investments in associates and other long-term investments

(110)

1,199 1,164

Gains

11

Losses

(19)

(95) (54) 186

Impairment charges

(138)

36 (2)

Reversals of impairment charges Provisions for risks and other expenses

(2)

Reversals of provisions for risks and other expenses

1 0 0 0

0 0 0

Securities held for investment

Gains

Property, plant and equipment and intangible assets

59

TOTAL 1,258 Of which, at December 31, 2019, €1,100 million in net gains and losses in connection with the sale of the Specialized Financial Services division to BPCE. (a) (110)

Income tax Note 33

(in millions of euros)

2019

2020

(11)

(45)

Tax at standard rate Tax at reduced rate Tax credits

14

13

Impact of tax consolidation

217

229 (77)

Other items Carry Back TOTAL

(9)

211

121

Tax calculation The tax consolidation agreement at Natixis Group is based on the principle of neutrality, whereby each subsidiary determines its tax and contributes to the Group tax as if it were noct onsolidated. Any tax savings or expense generatedby consolidationis recognized by Natixis as the parent company.

Any losses transferred to the parent company give rise to a provision for restitutionof corporate tax, deemed to offset the additional group tax incurred if subsidiaries return to profit, and their tax contribution is decreased by the amount of prior year losses.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020