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

6.2.7.3 Transactions between related parties

31/12/2017

31/12/2018

Equity-accounted companies

Equity-accounted companies

AFD Group

AFD Group

In thousands of euros

Credits

394,312

436,608

Other financial assets Other assets TOTAL ASSETS WITH RELATED ENTITIES

394,312

-

436,608

-

Debts

394,312

436,608

Other financial liabilities Other liabilities TOTAL LIABILITIES WITH RELATED ENTITIES

-

394,312 -11,075

-

436,608 -13,768

Related interest, income and expenses

11,075

13,768

Commissions TOTAL NBI GENERATED WITH RELATED ENTITIES

11,075

-11,075

13,768

-13,768

6.2.7.4 Disclosure on non-cooperating States and territories Article L.511-45 of the French Monetary and Financial Code (as amended by Article 3 of Order 2014-158 of 20 February 2014) requires credit institutions to publish an appendix to their annual financial statements presenting information about their offices in countries or territories that have not signed an administrative

assistance agreement with France for the purpose of combating fraud and tax evasion. Act 2013-672 of 26 July 2013 on the separation and regulation of banking activities broadens the list of required disclosures from banks regarding their offices in non-cooperative countries or territories. At 31 December 2018, AFD Group did not have any offices in non-cooperative countries or territories.

6.2.7.5 Statutory auditors’ fees at 31 December 2017 In compliance with Decree N° 2008-1487 of 30 December 2008, the table below shows the fees paid in 2017 to the statutory auditors of AFD Group. The fees are based on those stated in their engagement letters. These fees are invoiced for statutory auditing services:

Honoraire HT - Exercice 2018

Honoraire HT - Exercice 2018 (en euros)

KPMG

Mazars 242,500 70,000

PwC

AFD

236,500 70,000 15,000

479,000,€ 140,000,€ 15,000,€ 11,000,€ 12,970 € 7,000 € 664,970

Proparco Soderag Sogefom

11,000

Fisea

12 970

Propasia

7 000

TOTAL

334,470

319,500

11,000

* includes fees on account of IFRS 9 (Mazars: €60,000/KPMG: €54,000)

The other fees invoiced to AFD for services other than certification of the financial statements for financial year 2018 were €30,830,000.

Fees SAC excluding tax– 2018 financial year

Fees SAC excluding tax– 2018 financial year (en euros)

KPMG

Mazars

TOTAL

27 165

3 665

30 830

6.2.7.6 Significant events since 31 December 2018 A minority shareholder of Proparco confirmed its intention to exercise the option for AFD to buy back its shares. The actual implementation of the buyback is subject to a ministerial order.

The transaction is expected to be completed in 2019 and will increase AFD’s stake in Proparco to 74%. No other significant event took place after 31 December 2018.

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REGISTRATION DOCUMENT 2018