Paris, April 15, 2013
Ppp2/2
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:
- Sale of CCIs as at January 1, 2012.
- Repayment of the P3CI transaction and related operations as at January 1, 2012.
- Replacement 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.
- 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
