AFD_REGISTRATION_DOCUMENT_2017
CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements
6.2.7.4 Transactions between related parties
31/12/2017
31/12/2016
Equity-accounted companies
Equity-accounted companies
AFD Group
In thousands of euros
AFD Group
Credits
436,608
b b b
483,714
b b b
Other financial assets
b b
b b
Other assets
TOTAL ASSETS WITH RELATED ENTITIES
436,608
0
483,714
0
Debts
b b b
436,608
b b b
483,714
Other financial liabilities
b b
b b
Other liabilities
TOTAL LIABILITIES WITH RELATED ENTITIES
0
436,608 -13,768
0
483,714 -15,213
Related interest, income and expenses
13,768
15,213
Commissions
b b b
b b b
b b b
b b b
Net income on financial transactions
Net income on other activities
TOTAL NBI GENERATED WITH RELATED ENTITIES
13,768
-13,768
15,213
-15,213
6.2.7.5 Disclosure on non-cooperating States and territories ArticlebL.511-45 of the French Monetary and Financial Code (as amended by Articleb3bof Order 2014-158 of 20bFebruary 2014) requires credit institutions to publish an appendix to their annual financial statements presenting information about their offices in countries or territories that have not signed an administrative assistance agreement with France for the purpose of combating fraud and tax evasion. Act 2013-672 of 26bJuly 2013bon the separation and regulation of banking activities broadens the list of required disclosures from banks regarding their offices in non-cooperative countries or territories. At 31bDecember 2017, AFD Group did not have any offices in non-cooperative countries or territories. 6.2.7.6 statutory auditors’ fees at 31bDecember 2017 In accordance with Decree No.b2008-1487 of 30bDecember 2008, and ANC regulations No.b2016-09 and 2016-08, the table below
shows the fees paid to the statutory auditors of AFD and its fully consolidated subsidiaries for 2017. The fees are based on those stated in their engagement letters. These fees are invoiced for statutory auditing services:
Fees excluding tax – 2017bfinancial year AFD
€437,000* €140,000
Proparco Soderag Sogefom
€15,000 €26,000 €12,660
Fisea
Propasia €7,000 * Includes fees on account of IFRSb9 (Mazars: €36,000/KPMG: €36,000). The amount of other fees invoiced for due diligence directly related to the statutory audit, or any other service rendered for the Group, totalled €82K for 2017.
AFD Fees*
Mazars €218,500
KPMG
€218,500 €53,947 €22,236
Other assignments –bFrance
€6,000
Other assignments –boutside France
€0
* Includes fees on account of IFRSb9 (Mazars: €36,000/KPMG: €36,000).
6.2.7.7 Significant events since 31bDecember 2017 No significant events occurred after 31bDecember that have not been taken into account in the preparation of the financial statements at this date.
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REGISTRATION DOCUMENT 2017
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