AFD_REGISTRATION_DOCUMENT_2017

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

Noteb16.2 Other administrative expenses

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Other administrative expenses

b

b

Taxes

2,060

3,373

of which contribution to FRU of which application of IFRICb21

1

619

-199

-185

Outside services

130,653

113,644

Provisions/reversal of provisions

b

-7

Rebilled expenses

-944

-1,381

TOTAL

131,769

115,629

Noteb17 Cost of risk

31/12/2017 IFRS

31/12/2016 IFRS

Provisions

Reversals

Total 51,658

Provisions

Reversals

Total

In thousands of euros

Collective provisions and impairment Individual impairments of non-sovereign loans

36,569

88,226

88,534

45,641

-42,893

108,106

55,465

-52,641

74,730

22,802

-51,928

Losses on principal of bad loans

11,300

5

-11,295 -12,279

3,118

27

-3,091

TOTAL

155,975

143,696

166,382

68,470

-97,911

Noteb18 Equity-accounted companies

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Impact

Balance sheet

Income

Balance sheet

Income

SIC

43,555

-169

43,624 22,599 99,759

567

Simar

0

0

2,466 4,805 7,838

Socredo

102,601 146,156

4,765 4,596

TOTAL

165,982

Noteb19 Corporate income tax Only income from property, profits from representing mainland credit institutions in the French Overseas Collectivities, AFD’s refinancing activity involving its Proparco subsidiary, and the

shareholding of its Proparco subsidiary are subject to corporate income tax at AFD. Proparco is subject to the standard tax regime. Corporate income tax applies only to a portion of Soderag’s activity.

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Corporate tax

-15,075 -14,811

-25,474 -26,706

Taxes due Deferred tax

-264

1,232

UNDERLYING TAX POSITION

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Net income Corporate tax Pre-tax income

332,359 -15,075 347,434 -68,834 53,760 -15,075

266,078 -25,474 291,552 -74,340 48,866 -25,474

Total theoretical tax expense 34.43% (A)

Total matching items (B)

Net recorded tax expense (A) + (B)

119

REGISTRATION DOCUMENT 2017

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