AFD_REGISTRATION_DOCUMENT_2017

AFD’S ANNUAL FINANCIAL STATEMENTS

7

AFD’S financial results over the last five years

Noteb36 Compensation of executive officers Gross annual compensation allocated to executive officers is €380,542. Noteb37 Corporate income tax Only income from property and from representing mainland credit institutions in the French Overseas Departments, as well as AFD’s refinancing activity with regard to its Proparco subsidiary, are subject to corporation tax. Noteb38 Risk exposure

AFD operates on its own behalf in forward financial markets as part of its own activities and those delegated to it by the French State.

These transactions are undertaken within the limits authorised by General Management with the agreement of the Board of Directors.

7.4 AFD’S FINANCIAL RESULTS OVER THE LAST FIVE YEARS

2017 4,794

2016 4,607

2015 2,097

2014 1,941

2013 1,858

Capital + Retained earnings + Income (in millions of euros)

Net banking income (in millions of euros)

568 215

539 138

533 180

449

441 92.9

Net income (in millions of euros)

121.3 6.25% 0.40%

Net income/capital + retained earnings + income

4.48% 0.52%

3.00% 0.37%

8.58% 0.51%

5.00% 0.35%

Net income/balance sheet total

Staff

b

b

b

b

b

Number of employees (average) Total payroll costs (in millions of euros)

1,978

1,811

1,715 193.8

1,685 184.8

1,667 184.3

236 20.6

210 16.3

of which social and cultural initiatives (in millions of euros)

13

14.3

15.5

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REGISTRATION DOCUMENT 2017

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