AFD - 2018 Registration document

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

6.2.5.1 Notes to the Balance Sheet NOTE 1 Financial assets and liabilities at fair value through profit and loss

31/12/2017

31/12/2018

01/01/2018

Notional/ Outstanding Assets Liabilities

Notional/ Outstanding Assets Liabilities

Notional/ Outstanding

Notes

Assets Liabilities

In thousands of euros

Interest rate derivatives

1.1 2,827 12,576 603,387 3,003 15,024 753,071 3,003 15,024 753,071

Foreign exchange derivatives Derivatives at fair value through profit or loss Assets/liabilities designated at fair value on option Securities at fair value through P&L Debt securities that do not meet the SPPI criteria

1.1 81,970 320,503 4,914,717 143,622 245,975 4,775,646 143,622 245,975 4,775,646

115,914

1,091,157 104,307

-

967,246

-

-

-

-

-

- 24,567

-

25,000

-

-

-

8,676

-

6,890

1.2 2,212,564

2,129,819 2,464,210

-

2,477,987

CVA/DVA

112 6,080

-

226 5,207

-

226 5,207

-

TOTAL

2,413,386 339,159 8,739,079 2,715,368 266,205 8,973,949 180,095 266,205 5,560,606

Note 1.1 Foreign exchange and interest rate derivatives

Under IFRS, a derivative is always presumed to be held for trading, unless there is documented evidence of the hedging intention and the derivative is eligible for hedge accounting. For AFD, this category includes hedging instruments that are not eligible for hedge accounting (“natural” currency hedges).

Foreign exchange and interest rate derivatives are measured at fair value through profit or loss and are therefore treated as financial assets held for trading.

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Note 1.2 Debt instruments that do not meet the SPPI criteria

Notional/ Outstanding

Notional/ Outstanding

Notes 31/12/2018

01/01/2018

In thousands of euros

Loans to credit institutions

1.2.1 361,640 372,405 228,979 236,191

Performing loans

361,191

228,900

Doubtful outstandings Loans to customers

449

79

1.2.1 771,407 806,755 780,855 792,057

Performing loans

770,131

779,625

Doubtful outstandings

1,276

1,230

Title

1,079,517 950,658 1,454,376 1,449,739

Bonds and other fixed-income securities

1.2.2

106,340

16,723 41,054 892,881 773,883 118,998

28,476

28,464

UCITS

50,200

549,479 876,420 777,487

539,588 881,688 760,433 121,255

Equity stakes and other long-term securities

1.2.3

922,978 787,096 135,882

Of which equity stakes held via investment funds Of which equity stakes held directly with a put option

98,933

TOTAL

2,212,564 2,129,819 2,464,210 2,477,987

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REGISTRATION DOCUMENT 2018