AFD - 2019 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS

Notes to the consolidated financial statements

% control 2019

% interest 2019

% control 2018

Balance sheet total (1)

Total net income

Contribution to earnings (2)

Localisation

In thousands of euros

AFD

46,848,090

159,062

Fully consolidated companies Soderag

Antilles 100.00 100.00

100.00

-697

-28

Proparco

Paris 64.95 Paris 58.69

74.18 58.69

74.18 5,733,706

28,722

Sogefom - AFD share

60.00

45,775

-419

Sogefom - Socredo share

Paris

1.31

1.31

Ǿ

Ǿ

Ǿ Ǿ Ǿ

Ǿ

Fisea

Paris 100.00 100.00 100.00

2,357 3,550

-13,202

Propasia

Hong Kong 100.00 100.00

74.18

-114

Companies accounted for by the equity method P Non-financial entities Société Immobilière de Nouvelle Calédonie

New Caledonia 50.00

50.00

50.00

36,483

-5,884

P Financial entities

Banque Socredo

Polynesia 35.00

35.00

35.00 109,189

4,300

Entities not accounted for P Foreign state-owned or partially state- owned entities Société Financière Algérienne et Européenne de Participation (Finalep) Banque nationale de Développement Agricole

Algeria 28.73

Mali

22.67

22.67

22.67 696,033 12,082

Ǿ

Banque de Développement des Seychelles

Seychelles 20.41

20.41

20.41

67,863 1,706

Ǿ

6

Société de Gestion et d’Exploitation de l’Aéroport de Conakry G’Bessia P Stakes held by Proparco in entities abroad

Guinea 20.00

20.00

20.00

26,067 3,199

Ǿ Ǿ

Ǿ

Ǿ

Ǿ

Ǿ

Acon Alaof Ǿ V

Multi-country

37.50

37.50

N/D

N/D

Acon Latin America Opportunities Fund A

Multi-country

20.00

20.00

20.00

17,479

-263

Ǿ

Acon Renewables Ǿ BV (Hidrotenencias Ǿ SA)

Panama 24.47

24.47 33.33 21.82 26.32 50.00 40.00 21.30 23.41 35.29 23.32 27.22

24.47 33.33 21.82 26.32 50.00 40.00

49,568 25,394

Ǿ

African Education Holdings

Multi-country

N/D

N/D 605 524 -425 -707 N/D

Africinvest Ǿ III SPV Ǿ I Amethis Milling SPV Averroes Finance Ǿ II Averroes Finance Ǿ III

Kenya

58,065 34,218 20,960 18,715

Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ

Mozambique 26.32

Multi-country Multi-country

50.00 40.00

Bredev Ǿ SAS

Brazil

100.00 100.00

N/D

Capsquare Asia Partners Fund II LP

Indonesia 24.92

21.30 23.41

16,439 -1,813

Central Africa Growth Fund

Multi-country

24.47 35.29

2,468

0

EuroPro Holding SAL (ex Wadi Holding)

Egypt

35.29 151,299 17,310

Frontier Clearing Funds

Multi-country

23.32 27.22

18,974 43,356

758 843

Ilera Holdings

Morocco

119

UNIVERSAL REGISTRATION DOCUMENT 2019