AFD - 2018 Registration document
6 CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Notes to the consolidated financial statements
❙ Guarantee commitments
Performing commitments
Doubtful commitments Bucket 3
Financial commitments impaired at acquisition or creation
Bucket 1
Bucket 2
Total
In thousands of euros
Commitment amount Investment grade (AAA to BBB-)
63,973 11,070
-
- - - - - - - - - -
-
63,973 391,552
BB+ to BB-
380,482
87,974
B+
-
- - - -
- - - -
-
B
76,806
76,806
B-
- -
-
CCC to D-
31,999 31,999
31,999
Total at 31 December 2018 Investment grade (AAA to BBB-)
151,850 380,482
87,974 564,330
115,248
4
115,253 373,500
BB+ to BB-
9,645
363,855
B+
-
- - - -
-
B
74,027
74,027
B-
- -
-
CCC to D-
19,824 19,824
19,824
TOTAL AT 31 DECEMBER 2017
198,921 363,859
582,604
Credit risk exposure: change in book values and loss allowances over the period Loss allowances correspond to impairments on assets and provisions on off-balance sheet commitments recorded in profit or loss (cost of risk) for credit risk.
The following tables present a reconciliation of the opening and closing balances of the loss allowances recognised in cost of risk and the associated book values, by accounting category and type of instrument.
❙ Assets at amortised cost: loans and receivables due from credit institutions
Performing assets
Doubtful assets Stage 3
Stage 1
Stage 2
Total
In thousands of euros
At 1 January 2018
5,864
39,160
38,488
83,512
Change in impairments of loans at amortised cost to credit institutions New loans: purchased, granted, originated
1,104
1,601 9,959
-
2,705 1,307 4,012
Change in credit risk parameters over the period
- 4,185 - 3,080
- 4,467 - 4,467 34,021
Total change in impairments
11,560 50,720
AT 31 DECEMBER 2018
2,784
87,524
162
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REGISTRATION DOCUMENT 2018
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