NATIXIS : NATIXIS : preparation of Q1-13 financial disclosures
Paris, April 15, 2013
Preparation of Q1-13 financial disclosures
Following the Project for the sale of Cooperative Investment Certificates
(CCIs) announced on February 17, 2013, Natixis presents its 2012 quarterly
results pro forma of the Operation as carried out on January 1, 2012.
Starting in 2013, Natixis will present its business lines performance using
Basel 3 standards, as stated in CRD4/CRR, and certain standards used to
determine business line results will be amended. The effect of such amendments
will be included in the pro forma appendix.
1. Natixis 2012 quarterly results pro forma of the
Project for the sale of Cooperative Investment Certificates
For 2012, the pro forma of the Project for the sale of Cooperative Investment
Certificates was computed based on the following assumptions:
oSale of CCIs as at January 1, 2012.
oRepayment of the P3CI transaction and related operations as at January 1,
oReplacement of liquidity and exceptional distribution of €2 billion as at
January 1, 2012.
The repayment of P3CI transaction hypothesis as at
January 1, 2012 leads to suppressing all analytic restatements set up in 2012
concerning the contribution of divisions to the P3CI transaction.
After tax effect, the Project for the sale of the CCIs held by Natixis and the
closing of the P3CI transaction would have a limited impact (pro forma data)
on the net income group share^(1) published in 2012 (-€81 million). Taking
into account the repayment of the fine from the French Competition Authority
(+€18 million of non-operating items in the equity method contribution of the
CCIs), the impact of the Project on Natixis' 2012 net income group share pro
forma excluding non-operating items is -€63 million.
1.Details of the Operation's impacts on the 2012 income statement pro
forma of Natixis are available in the Q4-2012 financial disclosures
published on February 17, 2013
Please note that the full press release is available in attachment
Natixis : preparation of Q1-13 financial disclosures
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Source: NATIXIS via Thomson Reuters ONE
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