AFD - 2019 Universal registration document
CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS
Notes to the consolidated financial statements
NOTE 16 Overheads Staff costs
31/12/2019
31/12/2018
In thousands of euros
Staff costs Wages and bonuses
190,233 77,880
172,074 71,074
Social security expenses
Profit sharing
9,817
8,417
Taxes and similar payments on remuneration
17,870 8,612 -9,491
17,187
Provisions/reversal of provisions
3,983
Rebilling banks’ staff
-11,983 260,752
TOTAL
294,922
Other administrative costs
31/12/2019
31/12/2018
In thousands of euros
Other administrative expenses Taxes of which application of IFRIC Ǿ 21
9,017
9,652
-190
-10
Outside services Rebilled expenses
138,341
140,856
-2,564
-1,521
TOTAL
144,794
148,988
NOTE 17 Cost of credit risk
31/12/2019
31/12/2018
In thousands of euros
6
Impairments on performing (Stage b 1) or deteriorated (Stage b 2) assets
-52,403 -6,715
-29,534 15,519
Stage b 1: 12-month expected credit losses
Debt securities recognised in equity to be recycled in profit or loss
-
-
Debt securities recorded at amortised cost
-4,388 -2,327
9,472 6,047
Signature commitments
Stage b 2: Lifetime expected credit losses
-45,688
-45,053
Debt securities recognised in equity to be recycled in profit or loss
-
-
Debt securities recorded at amortised cost
-8,369
-28,588 -16,465 -26,427 -29,609
Signature commitments
-37,319 -86,728 -86,302
Impairments of impaired assets (Stage b 3)
Stage b 3: Impaired assets
Debt securities recognised in equity to be recycled in profit or loss
-
-
Debt securities recorded at amortised cost
-71,965 -14,337
-21,083
Signature commitments Other provisions for risk
-8,527 3,183
-426
Net reversals of impairments and provisions Losses on bad loans and receivables not written off
-139,131
-55,961 -18,305
-10,246
Recovery of loans and receivables Discounts on restructured loans
94
9,374 -2,379
-540
COST OF CREDIT RISK
-149,823
-67,270
143
UNIVERSAL REGISTRATION DOCUMENT 2019
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