AFD - 2018 Registration document

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AFD’S ANNUAL FINANCIALS STATEMENTS Notes to the financial statements at 31 December 2018

NOTE 15 Provisions Note 15.1 Table of transition of impairments and provisions (impact of change in accounting method)

Balance at 31/12/2017 Collective provisions Other

Balance at 01/01/2018

Impact of first application

Individual provisions

Total

Stage 1 Stage 2 Stage 3* Other

Total

In thousands of euros Sovereign loans*

680,728 680,728

680,728 680,728

Performing non-sovereign loans

417,018 302,831

719,849 -172,309 9,775 120,747 417,018

547,540 13,935

Guarantees granted

13,372

13,372

563

13,935

Financing commitments to non-sovereign loans Provisions for ARIZ and Proparco guarantees French Overseas Department subsidiary risks

-

-

51,765 3,950 47,815

51,765

62,842 62,842

62,842 62,842

29,141 29,141 10,138 10,138 5,400 5,400

29,141 29,141

Other risks

-

-

-

- 10,138 10,138

Foreign exchange losses Administrative expenses

5,400 5,400

636

636

-

-

636

636

Staff costs

90,213 90,213

90,213 90,213

TOTAL

417,018 316,203 879,098 1,612,319 -119,981 13,726 182,497 417,018 879,098 1,492,339

* The change in accounting method described in § 7.1.7 of the annual financial statements had no impact on sovereign loans and Stage 3 outstanding loans. Note 15.2 Provisions

Translation adjustment

01/01/2018 Provisions Reversals

31/12/2018

In thousands of euros Sovereign loans (1)

680,728 130,522 13,935 51,765 62,842 29,141 10,138

62,797 49,636

2,535

740,990 159,390

Performing non-sovereign loans

20,768

Guarantees granted

656

4,758 7,615 1,887 2,180

9,833

Financing commitments to non-sovereign loans Provisions for ARIZ and Proparco guarantees French Overseas Department subsidiary risks

23,484 10,592

67,634 73,858 26,962 10,138

2,310

Other risks

5,400

2,524

7,923

Foreign exchange losses (1) Administrative expenses (1)

636

636

Staff costs (1)

90,213

17,119

349

106,983

TOTAL

1,075,321 166,809

40,092

2,310 1,204,349

(1) These provisions are not recorded in “cost of risk”.

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REGISTRATION DOCUMENT 2018