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

❙ Investments in unconsolidated structured entities – Risk exposure and dividends received

31/12/2018

Available-for-sale financial assets

Maximum exposure

Dividends received over the year

In thousands of euros

Homogeneous portfolios Agribusiness

71,664 34,452 62,889

71,664 34,452 62,889

Energy

Infrastructure

Mining

2,557

2,557

Multi-sector SME-SMI

70,852 33,492 156,697 362,333 794,935

70,852 33,492 156,697 362,333 794,935

Healthcare

Financial services

Multi-sector

STRUCTURED UNCONSOLIDATED ENTITIES – INVESTMENT FUNDS

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Note 1.3 Equity instruments at fair value through profit or loss Equity instruments measured at fair value through profit or loss correspond to equity investments held by AFD for which the Group has not opted for classification at fair value through equity to be reported outside profit or loss. At 31 December 2018, the Group opted to classify at fair value through equity the entire portfolio of direct equity investments without a put option, which constitutes the majority of the Group’s equity instruments.

Bearing in mind the type of interests, maximum exposure to loss is defined in this note as the fair value of the investment fund presented on the balance sheet as of the closing date. This amount includes financing commitments that have not yet been disbursed. Furthermore, the Group has not and does not offer financial support or other assistance to an unconsolidated structured entity outside of contractual commitments. AFD Group does not act as a sponsor for structured entities. Sponsorship is assumed when AFD does not have or no longer has an ownership interest in an entity yet still provides this entity with both operational and strategic support.

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REGISTRATION DOCUMENT 2018