AFD_REGISTRATION_DOCUMENT_2017

9

ADDITIONAL INFORMATION

Appendixb3 –bAFD Income statement using French standards (simplified)

9.7 APPENDIXb3 –bAFD INCOME STATEMENT USING FRENCH STANDARDS (SIMPLIFIED)

Expenses In millions of euros Expenses on borrowings

Income In millions of euros

2017

2016 Change

2017

2016 Change

1,098.1 1,131.7 -33.6 Income on loans and guarantees

1,329.8 1,352.9 -23.1

P Interest and commissions on loans andbguarantees

823.9 803.4 20.5

P Interest on borrowings

421.2 450.1 -28.9

P Expenses on swaps

664.8 683.1 -18.4 12.2 -1.5 13.7

P Income on swaps

616.5 651.4 -34.9 -2.4 -1.3 -1.1 -4.4 -0.5 -3.9

P Net foreign exchange balance

P Net provisions for unpaid interest P Loss of interest income P Net provisions for sovereign outstandings

b

b

b

b

-59.2 -57.0 -2.1

b

b

b

b

b P Recoveries on subsidy account for SAL and mixed loan-grants

b

b

b

5.8

7.0 -1.1

b b b b b b b

b b b b b b b

b b b b b b b

b b b b b

P Repayment of Proparco margin

-50.4 197.9

-50.1 198.9

-0.3 -1.0 -7.3

Subsidies

Investment income

18.6 17.5 60.8 41.9 18.9 49.8

25.9 12.9 52.6 38.7 13.9 43.5 13.4

Income from equity stakes Commissions on operations

4.6 8.1 3.2 5.0 6.3

b P AFD fees, donations, SAS, SAL, C2D

P Other commissions

b

Miscellaneous financial expenses Expenses on IMF-PRGF transaction TOTAL EXPENSES ON BANKING OPERATIONS Net of expenses on IMF-ESAF transaction

8.6 5.2

16.5 12.8

-7.9 Ancillary income and miscellaneous -7.6 Income from IMF-PRGF transaction

6.0

-7.5

1,112.0 1,161.0

-49.1 TOTAL INCOME ON BANKING OPERATIONS

1,680.5 1,700.2

-19.7

1,106.7 1,148.2

-41.5 Net of income from IMF-PRGF transaction 1,674.5 1,686.7

-12.2

NET BANKING INCOME

568.5 348.4 235.7 156.8

539.1 309.1 209.7 139.5

29.4 39.3 26.0 17.2

b b b b b b

b b b b b b

b b b b b b

b b b b b b

Overheads

Staff costs

wages and bonuses

social security contributions

64.6 10.5

58.5

6.0 3.3

profit sharing

7.2

taxes and similar payments on remuneration provisions for retirement-employee benefits

15.4

13.2

2.2

b

b

b

b

1.7

4.8

-3.0

b

b

b

b

rebilling banks’ staff

-13.3

-13.6

0.3 0.0

b b b b

b b b b

b b b b

b b b b

other

b

b

P Taxes and similar payments P Other general expenses

7.1

7.7

-0.6 13.9

105.6

91.7

Depreciation/amortisation expenses on property, plant and equipment and intangible assets (net) Total expenses on non-banking operations

20.2

17.7

2.5

b

b

b

b

368.5 200.0

326.8 212.4 -74.4 -16.0 -56.7

41.7

b b b b b b b b b b b b

b b b b b b b b b b b b

b b b b b b b b b b b b

b b b b b b b b b b b b

GROSS OPERATING INCOME

-12.4

Cost of risk

9.8

84.2 -5.8 92.8 -2.8 71.8

Net provisions for unpaid interest Net provisions for risk and expenses

-21.8

36.0 -4.4

Loss of principal on bad loans

-1.6

Operating income

209.8

138.0

Gains or losses on fixed assets Income from operations Net exceptional transactions

5.4

0.4

5.0

215.3 138.4 76.9 -0.7 -0.2 -0.5

Corporate tax NET INCOME

0.0

0.0

0.0

214.6 138.2 76.4

173

REGISTRATION DOCUMENT 2017

www.afd.fr