AFD - 2018 Registration document
5
FINANCIAL INFORMATION
Post-closing events
5.2 Post-closing events
A minority shareholder of Proparco confirmed its intention to exercise the option to buy back its shares by AFD. The actual implementation of the buyback is subject to a ministerial order.
The transaction is expected to be completed in 2019 and will increase AFD’s stake in Proparco to 74%. No other significant event took place after 31 December 2018.
5.3 Economic presentationof the consolidatedfinancial 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. The summary parent company financial statements appear in appendices 9.6 to 9.9 5.3.1 Consolidated balance sheet ❙ Assets
2017
2018
In millions of euros
Loans (net outstanding)
32,798 33,402
30,430 31,147
Gross outstandings
P
P Fair value adjustment P Individual impairments P Collective impairments
-46
-475 -188 106 387
-460 -366 109 499
Accrued interest
P
Collateral
Financial hedging derivatives Accruals and other assets
2,026
1,828
86
123 146
Companies accounted for by the equity method
150
Other equity investments Investment portfolio Short-term cash assets
1,497
1,284
764
778
4,926
4,403
Fixed assets
234
226
TOTAL ASSETS
42,868
39,717
❙ Liabilities
2017
2018
In millions of euros Market borrowings
31,244
28,892
Treasury loan
1,048
720
Current accounts
15
21
Collateral
957
886
Financial hedging derivatives
1,279
1,323
Managed funds
467 660
333 600 849
Accruals and other liabilities
Provisions
1,002 5,980
Equity (Group share)
5,799
of which Group income
115 217
313 295
Minority interests TOTAL LIABILITIES
42,868
39,717
92
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REGISTRATION DOCUMENT 2018
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