AFD_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements

6.1.5 Statement of changes in shareholders’ equity from 1bJanuary 2016 to 31bDecember 2017

Unrealised or

deferred gains or losses

Equityb– Group share

Equity – Minority interests

Total consolidated equity

Funding reserves

Consolidated reserves

Net income

Provisions

in thousands of euros

SHAREHOLDERS’ EQUITY AT 1bJANUARY 2016 (IFRSbSTANDARDS) Share of 2015bearnings retained in reserves

400,000 460,000 1,710,653 172,874 162,753 2,906,279 295,420 3,201,699

b b

b b b b b

136,871 -136,871

b b b b b

0

b

0

Dividends paid Other changes

b

-36,002

-36,002

-5,126 -6,888 2,328 19,878

-41,129

2,407,999

4,195

b b

2,412,194

2,405,306

Changes related to put options

b b

b b

0

2,328

2016 income

246,200

246,200

266,078

Gains or losses directly recorded in equity for 2016*

b

b

b

b

-6,823 -6,823 -11,277

-18,100

SHAREHOLDERS’ EQUITY AT 31bDECEMBER 2016 (IFRSbSTANDARDS) 2,807,999 460,000 1,851,719 246,200 155,930 5,521,848 294,334 5,816,182 Impact of changes in accounting policy or error correction (IASb19R) b b b b b 0 b 0 SHAREHOLDERS’ EQUITY AT 1bJANUARY 2017 (IFRSbSTANDARDS) 2,807,999 460,000 1,851,719 246,200 155,930 5,521,848 294,334 5,816,182 Share of 2016bearnings retained in reserves b b 218,558 -218,558 b 0 b 0 Dividends paid b b b -27,642 b -27,642 -7,415 -35,057 Other changes b b -570 b b -570 -39 -609 Changes related to put options b b b b b 0 -92 -92 2017 income b b b 312,805 b 312,805 19,554 332,359 Gains or losses directly recorded in equity for 2017* b b b b -7,549 -7,549 -11,741 -19,290 SHAREHOLDERS’ EQUITY AT 31bDECEMBER 2017 (IFRSbSTANDARDS) 2,807,999 460,000 2,069,707 312,805 148,381 5,798,892 294,602 6,093,494 * Of which changes in the value of available-for-sale assets.

6.1.6 Gains or losses directly recorded in equity for 2017 Gains or losses directly recorded in equity for 2017

31/12/2017 IFRS

31/12/2016 IFRS

In thousands of euros

Items that will be subsequently recycled to profit or loss Items that will not be subsequently recycled to profit or loss of which actuarial gains and losses on defined benefit liabilities*

149,663

164,321

-1,282 -1,282

-8,391 -8,391

TOTAL

148,381

155,930

* The scope does not include first application entries which are booked to consolidated reserves.

6.2 NOTES TO THE

from the growth in activity, with an increase of 3% in outstanding loans on its own behalf over the period. 6.2.1.2 Financing of the Group’s activity To finance the growth in loan activity on its own behalf, in 2017 AFD made four bond issues in the form of public issues and six private placements, as well as three tap issues, with a total volume of €6.2bn.

CONSOLIDATED FINANCIAL STATEMENTS 6.2.1 Significant events of the period 6.2.1.1 Growth of the balance sheet At 31bDecember 2017, the total balance sheet stood at €39.7bn, up 5% relative to the previous year. This change mainly stems

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REGISTRATION DOCUMENT 2017

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