SFIL Annual financial report 2018

Consolidated financial statements in accordance with IFRS I 3 87 Annual Financial Report 2018 SFIL Management report Report on corporate governance Consolidated financial statements in accordance with IFRS Annual financial statements in accordance with French GAAP Shareholders’ Meeting of May 29, 2019 General information 4.1.5. Detail of derivatives designated as portfolio hedges 12/31/2017 Notional amount Assets Liabilities To receive To deliver Interest rate derivatives 67,646 67,642 1,360 2,587 TOTAL 67,646 67,642 1,360 2,587 12/31/2018 Notional amount Assets Liabilities To receive To deliver Interest rate derivatives 51,739 51,734 1,114 2,335 TOTAL 51,739 51,734 1,114 2,335 4.2 - DEFERRED TAXES Deferred tax assets and liabilities are netted out when they concern the same tax entity. 4.2.1. Analysis by nature 12/31/2017 12/31/2018 Deferred tax assets before impairment 64 80 Impairment on deferred tax assets - - Deferred tax assets 64 80 Deferred tax liabilities - - TOTAL 64 80 4.2.2. Movements 12/31/2017 12/31/2018 As of January 1 113 64 Charge/credit recognized in the income statement (33) (1) Effect of change in tax rates - impact on the income statement (1) (2) - Movements directly recognized in equity (14) (46) Effect of change in tax rates - impact on equity - - Translation adjustment - - Tax audit e ects - 63 Other movements - - As of end of period 64 80 (1) Group SFIL took into account the legislative measures designed to reduce the corporate income tax rate to 25,83% as of 2022. 4.2.3. Deferred taxes from assets on the balance sheet 12/31/2017 12/31/2018 Borrowings, deposits and issues of debt securities 705 1,199 Derivatives 60 (192) Provisions (183) (591) Accruals and other liabilities 14 14 TOTAL 596 430 4.2.4. Deferred tax assets from liabilities on the balance sheet 12/31/2017 12/31/2018 Borrowings, deposits and issues of debt securities (532) (352) Derivatives - - Provisions - 2 Accruals and other liabilities - - TOTAL (532) (350)