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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