AFD - 2018 Registration document

AFD’S ANNUAL FINANCIALS STATEMENTS Notes to the financial statements at 31 December 2018

NOTE 16 Subordinated debt

December 2017

December 2018

In thousands of euros Subordinated debt

1,703,000

1,375,000

Lowest-ranked subordinated debt

-

-

Related debts

7

5

TOTAL

1,703,007

1,375,005

NOTE 17 Reserve for General Banking Risk (RGBR)

December 2017

Provisions

Reversal

Dec. 2018

In thousands of euros

Reserve for General Banking Risk (RGBR)

460,000

-

-

460,000

NOTE 18 Equity excluding RGBR

December 2017

December 2018

In thousands of euros

Provisions Reserves Subsidies

2,807,999 2,063,442

2,807,999 1,771,777

31,702 145,397

32,976 214,604

Unallocated income (1)

TOTAL

5,048,540

4,827,354

(1) Dividends distributed to the French State in 2018 totalled €42,921,000.

NOTE 19 Assets and liabilities in foreign currencies (1)

December 2017

December 2018

In thousands of euros

Amount of assets denominated in foreign currencies (2) Amount of liabilities denominated in foreign currencies (2)

9,020,434 7,956,627

8,307,389 6,552,557

(1) Excluding IMF transactions and off-balance sheet hedging transactions, as these transactions offset balance sheet positions. (2) In principle, these foreign-currency positions are offset by forward financial instruments recorded off-balance sheet.

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REGISTRATION DOCUMENT 2018