AFD_REGISTRATION_DOCUMENT_2017

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

Noteb9 Financial assets and liabilities measured at fair value

31/12/2017 IFRS

31/12/2016 IFRS

Level 1 Level 2 Level 3

Total

Level 1 Level 2 Level 3

Total

In thousands of euros Assets/Liabilities

b

b

b

b

b

b

b

b

Financial assets at fair value through profit and loss Hedging derivatives (Assets) Financial assets available for sale Financial liabilities at fair value through profit and loss

b

172,946

7,149 180,095

b

142,202

4,774 146,976

b

1,679,788

b

1,679,788

b

2,390,382

b

2,390,382

1,802,537

0 1,213,466 3,016,003 902,759

0 1,114,589 2,017,348

b

265,334

872 266,205

b

636,601

1,912 638,514

Hedging derivatives (Liabilities)

b

1,057,272

b

1,057,272

b

1,507,704

b

1,507,704

Hedging instruments whose valuation is not based on observable market information are classified as Level 3. Noteb9.1 Financial assets and liabilities measured at fair value according to level

Financial assets available for sale

Bonds and other fixed- income securities

Financial assets available for sale

Variable income securities

Derivatives – assets

Derivatives – liabilities

Total Assets Total Liabilities

In thousands of euros OPENING BALANCE (01/01/2017)

1,119,362

1,912

34,877 1,079,711 1,114,589

4,774

1,912

Gains/losses over the period Purchases over the period Disposals in the period Issues in the period Winding up in the period Restatements in the period Changes linked to the scope for the period

-127,579 228,942

-682

-6,413

-122,121 227,415

- 128,534 227,415

955

- 682

490

- -

1,526

490

-4

- -

-4

- 4

b b

b b

-

b b b

b b b

- - -

-106

-174 -675

- 106

- 174 - 675

-

b

-

-

b

b

-

b

b

Transfers

-

-

-

-

-

-

-

CLOSING BALANCE (31/12/2017)

1,220,615

872

28,464 1,185,002 1,213,466

7,149

872

* The transfers to and from level 3brelate to 4bsecurities for which the valuation method was reviewed or whose classification was adjusted to take account of parameters which are not directly observable.

Sensitivity of the fair value of level 3binstruments The category of instruments measured at level 3bfair value comprises mainly available-for-sale securities.

The sensitivity calculations do not apply because their valuations are not linked to market parameters.

Noteb10 Provisions and impairments PROVISIONS

Reversals available

Translation adjustment

31/12/2017

In thousands of euros

31/12/2016

Provisions

Included in the cost of risk

b

b

b

b

b

French Overseas department subsidiary risks

25,957 48,339 74,296

132

623

0 0 0 2 0 0 2 b

25,466 45,173 70,639

Other provisions for risk

6,768 6,900

9,934

SUBTOTAL

10,557

Excluded from the cost of risk

0

b

b

b

Provision for expenses –bSovereign loans

621,561 99,164

59,264

104

680,724 93,600

Staff costs

2,544 1,249

8,109 3,323

Provision for risks and expenses

6,322

4,248

TOTAL

801,344

69,957

22,092

849,211

115

REGISTRATION DOCUMENT 2017

www.afd.fr