AFD - 2019 Universal registration document
CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS
Notes to the consolidated financial statements
NOTE 20 Financing and guarantee commitments Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions.
31/12/2019
31/12/2018
In thousands of euros
Commitments received Financing commitments received from the French State Guarantee commitments received from the French State on loans
-
1,151,055
611,475 458,055 458,055
Guarantee commitments received from credit institutions
754,142 754,142
as part of the Group’s credit activity
Commitments given Financing commitments made to credit institutions
1,735,164
1,204,162
Financing commitments made to customers
12,767,039
10,775,968
Guarantee commitments made to credit institutions
140,169 584,889
74,730
Guarantee commitments made to customers
522,703
The commitments received do not include transactions on behalf of the State. Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions. The commitment amount is lower than the figure stated in AFD’s individual company financial statements because the transactions on behalf of third parties (IMF, on behalf of the French government) are not included in the Group’s consolidated financial statements. 6.2.4.3 Employee benefits and other compensation The aggregate impacts of the post-employment benefits on the 2018 and 2019 financial years are set out in the table below:
At 31/12/2019
Impact on income
Impact on equity
At 31/12/2018
Impact on income
Impact on equity
At 01/01/2018
In thousands of euros
Provisions for employee benefits
143,714 142,434
7,333 7,157
29,720 106,660 29,720 105,558
17,115 16,977
-2,020 -2,020
91,565 90,601
Defined benefit plans
Other long-term benefits 964 The sensitivity analysis, based on the actuarial assumptions used to value the defined benefit plans at year-end, is as follows: 1,279 177 1,102 139
6
Retirement As a% of change
In thousands of euros
Present value of the commitment at 31/12/2019 P Discount rate: 0.00%
P Annual increase in salary: 2.00% P Retirement age: 63 (non-executive level employees)/ 65 (executive level employees) Sensitivity to the discount rate assumption Rate change to 0.25%
28.2
28.0 28.5
-0.8%
Rate change to 0.25%
1.0%
Sensitivity to the career profile assumption Rate change to 2.50%
28.8 27.6
2.0%
Rate change to 1.5%
-2.2%
Sensitivity to the retirement age assumption P increase of 1 Ǿ year (for all guarantees)
28.6 27.9
1.3%
P reduction of 1 Ǿ year (for all guarantees)
-1.1%
145
UNIVERSAL REGISTRATION DOCUMENT 2019
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