AFD_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements

Noteb1 Financial assets and liabilities at fair value through profit and loss

31/12/2017 IFRS

31/12/2016 IFRS

Notional/ Outstanding

Notional/ Outstanding

Assets

Liabilities

Assets

Liabilities

In thousands of euros Interest rate derivatives

3,003

15,024 245,975

753,071

6,146

19,373 607,618

842,669

Foreign exchange derivatives

143,622

4,775,646

104,238

4,566,751

Assets/liabilities designated at fair value through P&L Securities at fair value through P&L

24,567

0

25,000

24,647

0

25,000

8,676

0

6,890

11,248

0

8,088

CVA/DVA

226

5,207

0

697

11,523

0

TOTAL

180,095

266,205

b

146,976

638,514

b

Noteb2 Financial hedging derivatives

31/12/2017 IFRS

31/12/2016 IFRS

Assets

Liabilities

Notional

Assets

Liabilities

Notional

In thousands of euros Fair value hedging Interest rate derivatives

b

b

b

b

b

b

1,123,766

600,522

31,067,196

1,439,698

682,956

26,608,090

Interest rate and foreign exchange derivatives (cross-currency swaps)

556,022

456,750

9,337,552

950,684

824,748

10,637,664

TOTAL

1,679,788

1,057,272

b

2,390,382

1,507,704

b

Noteb3 Financial investments

31/12/2017 IFRS

31/12/2016 IFRS

Notes

In thousands of euros

Financial assets available for sale Government paper and equivalent Bonds and other fixed-income securities Equity stakes in related businesses Equity stakes and other long-term securities

b

b

b

b b b

1,144,730

801,709 34,877

75,045

b

b

3.1

1,796,228

1,180,762

b b

549,479

48,701

of which UCITS

TOTAL AVAILABLE-FOR-SALE FINANCIAL ASSETS

3,016,003

2,017,348

b

b

b

Held-to-maturity financial assets Government paper and equivalent Bonds and other fixed-income securities

b b b b

678,973 99,209 778,182

694,252 106,149 800,402

TOTAL HELD-TO-MATURITY FINANCIAL ASSETS

3,794,185

2,817,750

TOTAL FINANCIAL INVESTMENTS

AFD Group aims to encourage private investment in the developing countries, mainly via its subsidiaries Proparco and fisea (Investment and Support Fund for Businesses in Africa). It acts primarily through investments in investment funds, as this activity enables it to increase the impact of its funding by supporting a large number of companies doing business in multiple sectors, thus promoting economic growth and the creation of job-creating businesses. The funds in which AFD invests have varying characteristics: they may cover a single country or a larger region, they may be multi-

sector or single-sector, or may be dedicated to private equity, leveraged buyouts or growth capital. This activity is described in detail in the following notes as information required by IFRSb12bon interests in unconsolidated structured entities. Interests refer to involvement that exposes the AFD Group to variability of returns from the performance of these other entities. The amounts presented include approved financing as well as financing commitments that have not yet been disbursed.

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REGISTRATION DOCUMENT 2017

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