AFD_REGISTRATION_DOCUMENT_2017

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

6.2.7 Additional information 6.2.7.1 Commitments

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros Commitments received

b

b

Financing commitments received from the French State Guarantee commitments received from the French State on loans Guarantee commitments received from credit institutions

120,000 786,508 479,206 479,206

280,000 770,859 371,685 371,685

as part of the Group’s lending activity

Commitments given

b

b

Financing commitments made to credit institutions Financing commitments made to customers Guarantee commitments made to credit institutions Guarantee commitments made to customers

1,732,334 10,257,041

1,600,964 9,055,181

82,053 502,904

57,059 471,301

The commitments received do not include transactions on behalf of the State. Financing commitments given stood at €11.9bn at 31bDecember 2017.

Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions. The commitment amount is lower than the figure stated in AFD’s individual company financial statements because the transactions on behalf of third parties (IMF, on behalf of the French government) are not included in the Group’s consolidated financial statements. 6.2.7.2 Investments in managed funds

on the balance sheet. These holdings, which were subscribed to on behalf of the French State with public funds made available to AFD, are not included in ownership or control percentages and are therefore not consolidated in the financial statements.

AFD has interests in 28bcompanies via a number of managed funds (Cidom, FAC, Fides and Fidom) or via funds contributed by the French State. These holdings, recorded at cost, do not appear

Number of equity stakes

Purchase price

Fund source

Caisse d’Investissement des DOM (Cidom)

3 5

1,494

Fonds d’Investissement & de Développement Économique et Social (Fides)

642

Fonds d’Investissement des DOM (Fidom)

13

1,526

Other Government resources

7

16,944 20,607

TOTAL

28

6.2.7.3 IMF balance sheet Transactions on behalf of the State, as part of its contribution to the IMF, restated for IFRS:

31/12/2017

31/12/2016

In thousands of euros

Assets

b

b

Loans and receivables due from credit institutions

1,435,002

1,496,889

Demand

532,746 902,255 57,091

236,260

Term

1,260,630

Accruals

59,317

TOTAL ASSETS

1,492,093

1,556,206

Liabilities

b

b

Debt securities in issue

1,481,064 1,434,000

1,481,070 1,434,000

Bonds

Of which accrued interest

47,064 11,029

47,070 75,137

Accruals and other miscellaneous liabilities

TOTAL LIABILITIES

1,492,093

1,556,206

Loans granted to the International Monetary Fund (IMF) for the Poverty Reduction and Growth Facility (PRGF), financed by bonded debt issued by AFD and supplemented by hedging instruments concluded with different banking counterparties, are

provided on behalf and at the risk of the French government. With the exception of management fees totalling €0.6M, the IMF loans have no impact on AFD Group’s financial position.

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REGISTRATION DOCUMENT 2017

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