AFD_REGISTRATION_DOCUMENT_2017

7

AFD’S ANNUAL FINANCIAL STATEMENTS Notes to the financial statements at 31bDecember 2017

Noteb5 Equity stakes and other long-term investments

December 2017

December 2016

In millions of euros

Long-term securities and equity stakes

161,529 168,202

146,263 164,264 -18,001

Gross value (1)

Translation differences Related receivables

-6,673

0

0

Impairments NET TOTAL

17,349

15,221

144,180

131,042

(1)The gross amount of listed shares totalled €12,486 thousand in 2017.

Noteb6 Shares in related businesses

December 2017

December 2016

In millions of euros

Gross value Impairments NET TOTAL

622,645 17,070 605,575

592,873

5,980

586,894

Noteb7 Transactions with related businesses

December 2017

December 2016

In millions of euros

Assets Receivables from credit institutions Liabilities Term debts to credit institutions Off-balance sheet Financing commitments given Guarantee commitments given

3,772,642

4,143,254

323,947

323,947

1,395,081

1,359,574 1,083,964

908,983

Noteb8 List of subsidiaries and equity stakes SUBSIDIARIES HELD AT MORE THAN 50%

Proparco

Soderag

In millions of euros

151, rue Saint-Honoré

rue F. Eboué BPb64 97110 Pointe à Pitre

Head office

75001 Paris

Equity

693,079 64.95% 922,416 48,229 421,024 421,024

5,577

Equity holdings

100.00% -116,119

Shareholders’ equity

of which income after tax

-14

Gross book value Net book value

5,980

0

Sogefom

Fisea

In millions of euros

5, rue Roland-Barthes 5, rue Roland-Barthes 75012 Paris 75012 Paris

Head office

Equity

1,102

190,000 100.00% 121,644 -11,045 190,000 178,910

Equity holdings

60.00% 13,928

Shareholders’ equity

of which income after tax

-523 5,029 5,029

Gross book value Net book value

149

REGISTRATION DOCUMENT 2017

www.afd.fr