AFD_REGISTRATION_DOCUMENT_2017

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

Note 3.1 Equity stakes and other long-term investments

Financial assets available for sale

Financial assets available for sale

Available- for-sale financial assets

Available- for-sale financial assets

31/12/2017 IFRS

31/12/2016 IFRS

Notes

In thousands of euros

Equity stakes and other long-term securities

b

b

b

b

b

b

b

UCITS

b b b

549,479

549,479

b

48,701

48,701

b

1,255,425

1,246,749

8,676

1,143,308

1,132,061

11,248

Equity stakes

499,910 755,515

499,910 746,839

0

480,093 663,216

480,093 651,968

0

Direct investments Investment funds

3.2/3.3

8,676

11,248

NET TOTAL EQUITY STAKES AND OTHER LONG-TERM INVESTMENTS

b

1,804,905 1,796,228

8,676 1,192,009 1,180,762

11,248

Of which impairment

b

-73,383

-73,383

b

-62,124

-62,124

b

NET TOTAL EQUITY STAKES AND OTHER LONG-TERM INVESTMENTS GROSS OF IMPAIRMENTS

b

1,878,288 1,869,612

8,676 1,254,133 1,242,885

11,248

Noteb3.2 Investments in unconsolidated structured entities P Breakdown by activity portfolio:

Equity stakes held in investment funds In thousands of euros

Number of equity stakes

31/12/2017 IFRS

Number of equity stakes

31/12/2016 IFRS

Notes

Homogeneous activity portfolios

b

b

b

b

b

Agribusiness

b b b b b b b b

8 5 6 3

60,349 37,064 63,440

8 4 4 3

70,116 30,680 41,007

Energy

Infrastructure

2,558

4,123

Mining

Multi-sector SME-SMI

12

75,667 35,727 169,855 310,853 755,515

12

85,806 41,510 97,379 292,595 663,216

4

4

Healthcare

22 63

14 57

Financial services

Multi-sector

STRUCTURED UNCONSOLIDATED ENTITIES

3.3

123

106

P Breakdown by operating region:

Equity stakes held in investment funds In thousands of euros

Number of equity stakes

31/12/2017 IFRS

Number of equity stakes

31/12/2016 IFRS

Notes

Operating region Southern Africa

b

b

b

b

b

b b b b b b

6

7,128

6 5 5

9,489

10

64,525 21,011 107,273 88,017 467,562 755,515

27,141 14,591 119,211 88,099 404,685 663,216

East Africa West Africa North Africa

6

21 18 62

21 16 53

Asia

Multi-region

STRUCTURED UNCONSOLIDATED ENTITIES

3.3

123

106

110

REGISTRATION DOCUMENT 2017

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