AFD - 2019 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS

Overview

6.1.5 Cash flow statement at 31 December 2019

31/12/2019

31/12/2018

In thousands of euros

PRE-TAX INCOME (A)

190 b 789

128 b 452

Net depreciation/amortisation expenses on property, plant and equipment and intangible assets Net depreciation/amortisation provisions on fixed assets related to the application of IFRS 16

33 Ǿ 117 14 Ǿ 462

22 Ǿ 564

Impairment of goodwill and other fixed assets

6 Ǿ 714

-

Provisions net of other provisions (including technical insurance provisions) Share of earnings from companies accounted for by the equity method

233 Ǿ 686

6 Ǿ 902

1 Ǿ 584

- Ǿ 4 Ǿ 515 32 Ǿ 535 21 Ǿ 933 260 Ǿ 566 339 b 986

Net gain/(net loss) on investment activities Net gain/(net loss) on financing activities

- Ǿ 19 Ǿ 630 13 Ǿ 571

Other items

- Ǿ 700

TOTAL NON-CASH ITEMS INCLUDED IN NET PRE-TAX INCOME AND OTHER ITEMS (B)

282 b 803

Cash received from credit institutions and equivalent

- Ǿ 1 Ǿ 190 Ǿ 099 - Ǿ 1 Ǿ 842 Ǿ 866 223 Ǿ 652 - Ǿ 165 Ǿ 689 - Ǿ 10 Ǿ 543

- Ǿ 1 Ǿ 323 Ǿ 473 - Ǿ 1 Ǿ 677 Ǿ 261

Cash received from customers

Cash flows from other operations affecting other financial assets or liabilities Cash flows from operations affecting non-financial assets or liabilities

- Ǿ 6 Ǿ 396

328 Ǿ 422 - Ǿ 16 Ǿ 968

Taxes paid

= NET INCREASE (DECREASE) IN CASH-RELATED ASSETS AND LIABILITIES FROM OPERATING ACTIVITIES (C)

- b 2 b 985 b 545 - b 2 b 511 b 953

- b 2 b 695 b 676 - b 2 b 227 b 238

Net cash flows from operating activities (A+B+C) Cash flows from financial assets and equity stakes*

- Ǿ 260 Ǿ 045 - Ǿ 41 Ǿ 405 - b 301 b 450

- Ǿ 247 Ǿ 406 - Ǿ 37 Ǿ 975 - b 285 b 381

Cash flows from property, plant and equipment and intangible assets

Net cash flows from investment activities Cash flows related to the application of IFRS 16

- Ǿ 12 Ǿ 993 257 Ǿ 000 - Ǿ 65 Ǿ 101

Cash flows from shareholders ** Cash flows to shareholders ***

311 Ǿ 424 - Ǿ 49 Ǿ 297

6

Other net cash flows from financing activities ****

2 Ǿ 752 Ǿ 448 2 b 931 b 354

3 Ǿ 287 Ǿ 006 3 b 549 b 133 1 b 036 b 514 2 b 258 b 242 1 Ǿ 016 Ǿ 702 1 Ǿ 241 Ǿ 540 3 b 294 b 756 1 Ǿ 399 Ǿ 405 1 Ǿ 895 Ǿ 351 1 b 036 b 514

Net cash flows from financing activities

Net increase/(decrease) in cash and cash equivalents Opening balance of cash and cash equivalents Net balance of cash accounts and accounts with central banks Net balance of term loans and deposits from credit institutions

117 b 951

3 b 294 b 756 1 Ǿ 399 Ǿ 405 1 Ǿ 895 Ǿ 351 3 b 412 b 707 1 Ǿ 259 Ǿ 072 2 Ǿ 153 Ǿ 635

Ending balance of cash and cash equivalents

Net balance of cash accounts and accounts with central banks (1) Net balance of term loans and deposits from credit institutions (2)

Change in cash and cash equivalents

117 b 951

(1) Net balance of “Cash accounts and accounts with central banks” as it appears in the Group’s consolidated balance sheet at 30 December 2019. (2) Net balance of “Demand receivables and payables from/to credit institutions”. * The flows related to fi nancial assets and equity investments mainly come from the equity investment activity of the Proparco subsidiary and correspond to the flows during the period between acquisitions, disposals and fund raising. ** Cash flows from shareholders correspond to RCS issues. *** Cash flows to shareholders correspond to the dividends paid by AFD to the French State and paid to minority shareholders by the Proparco subsidiary. **** Other net cash flows from fi nancing activities correspond to market borrowings carried out by AFD to meet the growth in its operating activity (see 1.4 Business fi nancing).

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UNIVERSAL REGISTRATION DOCUMENT 2019