AFD - 2018 Registration document

5

FINANCIAL INFORMATION

Post-closing events

5.2 Post-closing events

A minority shareholder of Proparco confirmed its intention to exercise the option to buy back its shares by AFD. 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.

5.3 Economic presentationof the consolidatedfinancial statements

The following analysis seeks to provide a broad economic overview of AFD Group’s development by type of activity on the basis of consolidated accounting data. A detailed description of changes in the financial statements is provided in the notes to the consolidated financial statements. The summary parent company financial statements appear in appendices 9.6 to 9.9 5.3.1 Consolidated balance sheet ❙ Assets

2017

2018

In millions of euros

Loans (net outstanding)

32,798 33,402

30,430 31,147

Gross outstandings

P

P Fair value adjustment P Individual impairments P Collective impairments

-46

-475 -188 106 387

-460 -366 109 499

Accrued interest

P

Collateral

Financial hedging derivatives Accruals and other assets

2,026

1,828

86

123 146

Companies accounted for by the equity method

150

Other equity investments Investment portfolio Short-term cash assets

1,497

1,284

764

778

4,926

4,403

Fixed assets

234

226

TOTAL ASSETS

42,868

39,717

❙ Liabilities

2017

2018

In millions of euros Market borrowings

31,244

28,892

Treasury loan

1,048

720

Current accounts

15

21

Collateral

957

886

Financial hedging derivatives

1,279

1,323

Managed funds

467 660

333 600 849

Accruals and other liabilities

Provisions

1,002 5,980

Equity (Group share)

5,799

of which Group income

115 217

313 295

Minority interests TOTAL LIABILITIES

42,868

39,717

92

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REGISTRATION DOCUMENT 2018