AFD - 2019 Universal registration document

FINANCIAL INFORMATION

Economic presentation of the consolidated financial statements

5.2 Post-closing events

The spread of the Coronavirus pandemic (COVID-19) has led AFD to adopt safety measures in France and in our offices to comply with the recommendations of the World Health Organization and health authorities. This health crisis has no impact on AFD’s consolidated financial statements at 31 Ǿ December Ǿ 2019. No other significant events took place after 31 Ǿ December Ǿ 2019.

5.3 Economic presentationof the consolidatedfinancial statements

The analysis below aims to provide an economic overview of the AFD Group’s development, by type of activity, based on the consolidated accounting data. A detailed description of the changes in the financial statements is provided in the notes to the consolidated financial statements. The Ǿ parent company financial statements are presented in notes 9.6 and 9.7. 5.3.1 Consolidated balance sheet (in millions of euros) ❙ Assets

2019

2018

2017

In millions of euros

Loans (net outstanding) P Gross outstandings P Fair value adjustment P Individual impairments P Collective impairments

35,394 36,062

32,798 33,402

30,430 31,147

-6

-46

5

-554 -201

-475 -188 106 387

-460 -366 109 499

P Accrued interest

93

Collateral

707

Financial hedging derivatives Accruals and other assets

2,704

2,026

1,828

203 147

86

123 146

Companies accounted for by the equity method

150

Other equity investments Investment portfolio Short-term cash assets

1,843

1,497

1,284

713

764

778

5,540

4,926

4,403

Fixed assets

305

234

226

TOTAL ASSETS

47,555

42,868

39,717

❙ Liabilities

2019

2018

2017

In millions of euros

Market borrowings

34,480

31,244

28,892

Treasury loan

1,288

1,048

720

Current accounts

12

15

21

Collateral

1,181 1,846

957

886

Financial hedging derivatives

1,279

1,323

Managed funds

468 818

467 660

333 600 849

Accruals and other liabilities

Provisions

1,152 6,106

1,002 5,980

Equity Group share

5,799

of which Group income

172 204

115 217

313 295

Minority interests TOTAL LIABILITIES

47,555

42,868

39,717

103

UNIVERSAL REGISTRATION DOCUMENT 2019