AFD_REGISTRATION_DOCUMENT_2017

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

From 3bmonths to 1byear

Less than 3bmonths

From 1b to 5byears

More than 5byears

31/12/2017 IFRS

In thousands of euros

Maturity of debt securities in issue

b

b

b

b

b

Bonds

2,199,148

1,119,568

11,236,807

13,658,547

28,214,071

Interbank market securities

100,045

579,742

0

0

679,787

TOTAL

2,299,194

1,699,309 11,236,807 13,658,547 28,893,858

b

From 3bmonths to 1byear

Less than 3bmonths

From 1b to 5byears

More than 5byears

31/12/2016 IFRS

In thousands of euros

Maturity of debt securities in issue

b

b

b

b

b

Bonds

1,845,994

1,233,091

10,830,892

12,899,464

26,809,441

Interbank market securities

b

b

b

b

0

TOTAL

1,845,994

1,233,091 10,830,892 12,899,464 26,809,441

b

31/12/2017 IFRS

EUR

USD

GBP

JPY

CHF

AUD

In thousands of euros Debt securities in issue

b

b

b

b

b

b

b

Bonds

21,919,413

5,776,248

0

107,386

345,157

65,867 28,214,071

Interbank market securities

679,787

b

b

b

b

b

679,787

TOTAL

22,599,200 5,776,248

0

107,386

345,157

65,867 28,893,858

b

31/12/2016 IFRS

EUR

USD

GBP

JPY

CHF

AUD

In thousands of euros Debt securities in issue

b

b

b

b

b

b

b

Bonds

20,533,461

5,388,679

293,027

183,564

376,137

34,574 26,809,441

Interbank market securities

0

TOTAL

20,533,461 5,388,679

293,027

183,564

376,137

34,574 26,809,441

Noteb8 Financial assets and liabilities measured at amortised cost The elements shown as Level 3bof this note should be interpreted with caution. In particular, special attention should be paid to the fact that the loans granted by AFD Group are not quoted on a reference market. Furthermore, AFD assigns characteristics to its loans (bonus point system) and very specific credit risk

(geographical location, counterparty type and creditworthiness). As a result, the fair value of these loans was measured by discounting future cash flows and incorporates non-observable parameters measured via estimates and based on AFD’s judgement.

31/12/2017 IFRS

31/12/2016 IFRS

Fair value Level 1 Level 2 Level 3 Book value

Fair value Level 1 Level 2 Level 3

In thousands of euros

Book value

Assets/Liabilities

b

b

b

b

b

b

b

b

b

b

Loans and receivables

32,051,148 32,965,793

b

b 32,965,793 31,054,065 32,152,457

b

b 32,152,457

Held-to-maturity investments Financial liabilities valued at amortised cost

778,182 848,322 848,322

b

b

800,402 883,602 883,602

b

b

29,633,110 31,343,439 29,241,176 1,936,016 166,247 27,375,888 27,658,216 25,624,343 1,844,820 189,052

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REGISTRATION DOCUMENT 2017

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