AFD - 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION 6 Notes to the consolidated financial statements

The transition from impairments on financial assets and provisions on financing and guarantee commitments between 31 December 2017 under IAS 39 and 1 January 2018 under IFRS 9 is presented below:

Balance at 31/12/2017 IAS 39

Adjustment of impairment and provisions as per IFRS 9

Individual provisions

Collective provisions

Total

Restatements

In thousands of euros

Impairments of financial assets at amortised cost P Loans and receivables due from credit institutions P Loans and receivables due from customers Impairments of financial assets at fair value through equity Provisions for off-balance sheet commitments

459,598 365,974 825,572

- 21,077

- 196,670

46,749

76,718

123,467 702,105

- 8,261

- 31,694

412,850

289,256

- 12,817

- 164,976

-

- -

-

- -

-

13,372

13,372

63,249 61,427 43,444 17,982

Financing commitments

to credit institutions

P

to customers

P

Guarantee commitments

13,372 13,372

13,372 13,372

1,823

ARIZ guarantees

563

P

P other guarantees given

1,260

TOTAL

472,970 365,974 838,944

- 21,077

- 133,420

* The method used to estimate individual impairments was not impacted by the first application of IFRS 9. Individual impairments at 1 January are given including the impact of the first application of IFRS 9 restating non-SPPI loans at fair value through profit and loss.

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REGISTRATION DOCUMENT 2018