AFD - 2018 Registration document

9

ADDITIONAL INFORMATION

Appendix 3 – AFD simplified income statement based on French GAAP

9.7 Appendix 3 – AFD simplified income statement based on French GAAP

AFD income statement 2017-2018 Expenses In millions of euros 2018

2018

2017 Change Income

2017 Change

Expenses on borrowings

1,154.4 1,098.1 56.3 Income on loans and guarantees 1,454.3 1,329.8 124.5

P Interest and commissions on loans and guarantees

P Interest on borrowings

491.4 421.2 70.2 672.0 664.8 7.2 P -9.0 12.2 -21.2 P

869.4 823.9 45.5 698.5 616.5 82.0 -5.2 -2.4 -2.8 -0.6 -4.4 3.8

Expenses on swaps

Income on swaps

P

P Net foreign exchange balance

Net provisions for unpaid interest P Loss of interest income P Net provisions for sovereign outstandings P Recoveries on subsidy account for SAL and mixed loan-grants P Repayment of Proparco margin

-60.3 -59.2 -1.1

3.8 5.8 -2.1 -51.2 -50.4 -0.8 197.2 197.9 -0.7 15.0 18.6 -3.7 14.8 17.5 -2.6 73.7 60.8 12.9 51.0 41.9 9.1 22.6 18.9 3.8

Subsidies

Investment income

Income from equity stakes Commissions on operations P AFD fees, donations, SAS, SAL, C2D

P Other commissions Ancillary income and miscellaneous

Miscellaneous financial expenses Expenses on IMF-PRGF transaction TOTAL EXPENSES ON BANKING OPERATIONS Net of expenses on IMF-ESAF transaction

23.1

8.6 14.5

59.2 49.8 9.4

5.1

5.2 -0.2 Income from IMF-PRGF transaction 5.8 6.0 -0.2

TOTAL INCOME ON BANKING OPERATIONS Net of income from IMF-PRGF transaction

1,182.6 1,112.0 70.6

1,820.0 1,680.5 139.5

1,177.5 1,106.7 70.7 637.4 568.5 68.9 387.2 348.4 38.9 261.4 235.7 25.8

1,814.2 1,674.5 139.7

Net banking income

Overheads

Staff costs

P

P Taxes and similar payments P Other general expenses

6.9

7.1 -0.2

119.0 105.6 13.4

Depreciation/amortisation expenses on property, plant and equipment and intangible assets (net)

22.1 20.2 1.9

Total expenses on non-banking operations

409.3 368.5 40.8 228.1 200.0 28.2

Gross operating income

Cost of risk

-75.2

9.8 -85.1

Net provisions for unpaid interest Net provisions for risk and expenses

-21.7 -21.8 0.1 -47.2 36.0 -83.2 -6.3 -4.4 -1.9 152.9 209.8 -56.9

Loss of principal on bad loans

Operating income

Gains or losses on fixed assets Income from operations Net exceptional transactions

-1.3

5.4 -6.7

151.6 215.3 -63.6 -6.2 -0.7 -5.6

Corporate tax NET INCOME

0.0

0.0 0.0

145.4 214.6 -69.2

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REGISTRATION DOCUMENT 2018