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
Note 2.3 – Hedged items
31/12/2018
Current hedges
Expired hedges
Remeasurement of fair value during the hedging period (incl. hedges that expired in the period)
Accrued remeasurements of fair value hedges
Accrued remeasurements of fair value hedges remaining
Accrued remeasurements of fair value
Book value
In thousands of euros
Interest rate derivatives
12,924,185
403,822
-16,580
42,569
Loans and receivables due from credit institutions at amortised cost Loans and receivables due from customers at amortised cost Financial assets at fair value through equity Interest rate and exchange (currency swap hedges) Loans and receivables due from credit institutions at amortised cost Loans and receivables due from customers at amortised cost Total fair value hedging of assets Interest rate derivatives Debt securities in issue at amortised cost Interest rate and exchange (currency swap hedges) Debt securities in issue at amortised cost TOTAL FAIR VALUE HEDGING OF LIABILITIES
936,350
20,663
338
250
10,938,049
378,043
-3,529
31,089
1,049,787
5,115
-13,390
11,229
4,437,663
203,136
6,678
124,229
336,027
3,915
3,913
11,671
4,101,636
199,221
2,765
112,558
17,361,848 -22,915,919
606,958 -957,671
-
-9,902 -18,217
166,798 -151,832
12,963
-22,915,919
-957,671
12,963
-18,217
-151,832
-5,703,645
-363,883
-
18,913
-326,229
6
-5,703,645
-363,883
-
18,913
-326,229
-28,619,564
-1,321,553
12,963
697
-478,061
Note 2.4 – Income resulting from hedge accounting
31/12/2017
31/12/2018
Net income (Income resulting from hedge accounting)
Net income (Income resulting from hedge accounting)
Change in fair value of hedging instruments*
Change in fair value of hedged items*
Change in fair value of hedging instruments*
Change in fair value of hedged items*
Ineffective portion of hedge
Ineffective portion of hedge
In thousands of euros
Interest rate derivatives
148,576
109 263
39 313
-140,360
157,064
16,704
Interest rate and foreign exchange derivatives (cross- currency swaps)
193,032
202 000
8968
-28,795
46,911
18,117
Other TOTAL
341,608
-311,263
30,344
-169,155
203,976
34,821
*
Including expired hedges.
139
REGISTRATION DOCUMENT 2018
Made with FlippingBook - professional solution for displaying marketing and sales documents online