AFD_REGISTRATION_DOCUMENT_2017

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

Noteb13 Gains and losses on financial instruments at fair value through profit and loss

31/12/2017 IFRS

31/12/2016 IFRS

Gains and losses on financial

Gains and losses on financial

Gains and losses on financial

Gains and losses on financial

instruments at fair value through profit and loss net of foreign currency

instruments at fair value through profit and loss net of foreign currency

instruments at fair value through profit and loss

Foreign currency impact on derivatives

instruments at fair value through profit and loss

Foreign currency impact on derivatives

In thousands of euros

Financial assets and liabilities at fair value through profit and loss Instruments at fair value on option Income resulting from hedge accounting

10,258

-6,376

3,881

-5,030

7,983

2,952

-1,379 34,823

b

-1,379 35,898

-3,735 72,226

b

-3,735 74,284

1,075

2,058

- Change in FV hedge - Change in hedged item

-169,155 203,978 385,689

b

-169,155 205,053

-101,068 173,294 -106,862

b

-101,068 175,353

1,075

2,058

Natural hedging

-347,500

38,189

123,725

16,864 -2,247 88,118

CVA/DVA

5,845

b

5,845

-2,247

b

TOTAL

435,235

-352,801

82,434

-45,648

133,766

Noteb14 Net gains or losses on available-for-sale financial assets

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros Income on securities

15,803 31,683 -4,906 -15,570

15,436 42,786 -3,529 -14,713

Capital gains on disposals Capital losses on disposals

Provisions for depreciation/amortisation

Reversal of provisions for depreciation/amortisation

5,718

5,133

TOTAL

32,727

45,112

Noteb15 Income from other activities

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Subsidies

206,492 23,303 229,794

214,921

Other income

4,378

TOTAL

219,298

Subsidies on loans and borrowings are paid by the State to reduce the financing cost to the guaranteed rate or to reduce lending costs for borrowers. Noteb16 Overheads Noteb16.1 Staff costs

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Staff costs

b

b

Wages and bonuses

156,751 64,579 10,490 15,435

139,543 58,554

Social security expenses

Profit sharing

7,204

Taxes and similar payments on remuneration

13,248

Provisions/reversal of provisions

1,544

4,528

Rebilling banks’ staff

-13,317 235,483

-13,644 209,433

TOTAL

118

REGISTRATION DOCUMENT 2017

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