AFD - 2018 Registration document

6 CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Statutory auditors’ report on the consolidated financial statements

SPECIAL CHECKS As required by law, we also verified, in accordance with professional standards applicable in France, the Group-related information that appeared in the management report of the Board of Directors. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements. We certify that the statement of non-financial performance required under Article L.225-102-1 of the French Commercial Code is included in the management report, on the understanding that in accordance with Article L.823-10 of the same Code, the information in this statement has not been checked for accuracy or concordance with the consolidated financial statements and should be the subject of an independent third party report. Information obtained from other legal and regulatory requirements APPOINTMENT OF STATUTORY AUDITORS KPMG S.A. was appointed as a statutory auditor for Agence Française de Développement by your Board of Directors on 3 July 2002 and Mazars on 30 April 1996. At 31 December 2018, KPMG was in the seventeenth consecutive year of its mission and Mazars in the twenty-third year, 17 and 20 years respectively since the company’s shares were admitted to trading on a regulated market. RESPONSIBILITIES OF MANAGEMENT AND THE PERSONS COMPRISING THE GOVERNANCE OF THE COMPANY IN THE CONSOLIDATED FINANCIAL STATEMENTS It is the responsibility of management to prepare consolidated financial statements that present a true and fair view in accordance with IFRS as adopted in the European Union and to implement the internal controls that it deems necessary for the preparation of consolidated financial statements that contain no material misstatements, whether due to fraud or error. During the preparation of the consolidated financial statements, management is responsible for evaluating the ability of the company to continue as a going concern, presenting in those financial statements, as appropriate, the necessary information relating to the continuity of operations and applying the going concern accounting policy unless there are plans to wind up the company or cease operations. The Audit Committee is responsible for monitoring the financial information preparation process and the effectiveness of internal control and risk management systems, as well as, where applicable, the internal audit as regards procedures relating to the preparation and processing of accounting and financial information. The consolidated financial statements have been approved by the Chief Executive Officer. RESPONSIBILITIES OF THE STATUTORY AUDITORS IN THE AUDITING OF THE CONSOLIDATED FINANCIAL STATEMENTS Audit objective and approach It is our responsibility to prepare a report on the consolidated financial statements. Our objective is to obtain reasonable assurance that the consolidated financial statements taken as a whole are free of material misstatement. Reasonable assurance corresponds to a high level of assurance, but does not guarantee that an audit performed in accordance with the standards of professional practice can systematically detect any material misstatements. Misstatements may be due to fraud or error and are considered significant where it can reasonably be expected that they, taken individually or cumulatively, may influence the economic decisions that financial statement users make based on them. As stated in Article L.823-10-1 of the French Commercial Code, our mission of financial statement certification does not involve guaranteeing the viability or quality of your company’s management. In the context of an audit conducted in accordance with the professional standards applicable in France, statutory auditors exercise their professional judgement throughout the audit. Moreover: P they identify and assess the risks that the consolidated financial statements contain material misstatements, whether due to fraud or error, define and implement audit procedures to address those risks, and collect items they consider sufficient and appropriate to form an opinion. The risk of not detecting a material misstatement due to fraud is higher than it is for a material misstatement due to an error, as the fraud may involve collusion, forgery, voluntary omissions, misrepresentation or circumventing of internal controls; P they review the internal control relevant to the audit in order to define appropriate audit procedures in the circumstances, not to express an opinion on the effectiveness of the internal control; P they assess the appropriateness of the accounting methods used and the reasonableness of the accounting estimates made by management, as well as the information concerning them provided in the consolidated financial statements;

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REGISTRATION DOCUMENT 2018