AFD_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION

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ECONOMIC Presentation of the consolidated financial statements

5.3 ECONOMIC PRESENTATION OF THE CONSOLIDATED FINANCIAL STATEMENTS The following analysis seeks to provide a broad economic overview of AFD Group’s development by type of activity on the basis of consolidated accounting data. A detailed description of changes in the financial statements is provided in the notes to the consolidated financial statements.

5.3.1 Consolidated balance sheet ASSETS

2017 30,406 31,123

2016 29,428 30,146

In millions of euros

Loans (net outstanding) P Gross outstandings P Individual impairments P Collective impairments

-460 -366

-420 -414

P Accrued interest

109

117

Revaluation difference on interest rate hedged portfolio Financial assets at fair value through profit and loss

1

8

180

147

Financial hedging derivatives Available-for-sale securities

1,680 1,322

2,390 1,214

Companies accounted for by the equity method

146 778

166 800

Investment portfolio Short-term cash assets

4,356

2,603

Fixed assets

226 622

219 775

Accruals and other assets

TOTAL ASSETS

39,717

37,749

LIABILITIES

2017 28,892

2016 26,807

In millions of euros Market borrowings

Treasury loan

720

561

Current accounts

21

7

Revaluation difference on interest rate hedged portfolio Financial liabilities at fair value through profit and loss

b

b

266

639

Financial hedging derivatives

1,057

1,508

Allocated public funds

70

74

Accruals and other liabilities

1,748

1,535

Provisions

849

801

Equity (Group share) of which Group income

5,799

5,522

313 295

246 294

Minority interests

TOTAL

39,717

37,749

ASSETS Net outstanding AFD Group loans reached €30,406M at 31bDecember 2017 (77% of the balance sheet), up €978M or 3% compared with the previous year.

Gross outstandings stood at €31,123M, up €977M or 3% compared with 2016. This rise in gross consolidated outstandings was due mainly to: P the increase in loans at the Group’s risk in the foreign country zone (up €727M); P an increase in outstanding loans in the French Overseas Departments and Collectivities (up €283M); P partially offset by the decline in loans at the risk of the French State (down €44M).

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REGISTRATION DOCUMENT 2017

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