AFD - 2018 Registration document

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

NOTE 20 Interest and related income

December 2017

December 2018

In thousands of euros

Interest and income on transactions with credit institutions (1)

457,512 263,964

415,005 233,593

Interest on loans

Interest on short-term investments

2,279

1,494

Income from forward financial instruments

191,269 532,854 23,286 18,858 572,891 572,891 4,428

179,918 512,984 21,560 19,988 505,312 505,312 1,573

Interest and income on transactions with customers (1) Interest and income on bonds and other fixed-income securities

Short-term investments Long-term investments

Other interest and similar income Income from forward financial instruments

TOTAL 1,454,860 (1) The amount of net reversals of provisions for interest on doubtful loans, adjusted for losses on interest on bad loans, was €3,912,000 at 31 Dec 2018 compared with €6,699,000 at 31 Dec 2017. 1,586,542

French Overseas Departments

French Pacific Collectivities Foreign countries

In thousands of euros

Breakdown of revenue by geographic area:

118,239

1,916

739,031

Total revenue of €859,187,000

NOTE 21 Interest and related expenses

December 2017

December 2018

In thousands of euros

Interest and expenses on transactions with credit institutions

695,916

635,552

Interest on accounts payable

4,379

5,036

Expenses on forward financial instruments

691,536

630,516

Interest on borrowings

-

-

Interest and expenses on transactions with customers

26 26

-

Interest on subordinated debts

- -

Other interest and expenses on transactions with customers Interest and expenses on bonds and other fixed-income securities Interest on interbank market securities and negotiable debt securities

-

546,130

475,942

-1,305

-556

Interest on bonds

545,557

474,995

Interest on lowest-ranked subordinated debt Other interest and similar income Expenses on forward financial instruments

1,878

1,503

13,923 13,923

70,141 70,141

Interest on allocated public funds

-

-

TOTAL

1,255,994

1,181,635

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REGISTRATION DOCUMENT 2018