AFD - 2019 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements

6.2.6 Additional information 6.2.6.1 Investments inmanaged funds

AFD has interests in 17 companies via a number of managed funds (Cidom, FAC, Fides and Fidom) or via funds contributed by the French State. These holdings, recorded at cost, do not appear on the balance sheet. These holdings, which were subscribed to on behalf of the French State with public funds made available to AFD, are not included in ownership or control percentages and are therefore not consolidated in the financial statements.

Number of equity stakes Purchase price

Fund source

Caisse d’investissement des DOM (Cidom)

2 5 6 4

1,330

Fonds d’investissement & de développement économique et social (Fides)

642 236

Fonds d’investissement des DOM (Fidom)

Other State resources

7,592 9,800

TOTAL

17

6.2.6.2 IMF balance sheet

31/12/2019

31/12/2018

In thousands of euros

Assets Loans and receivables due from credit institutions

734,217 393,395 340,822

1,434,536

Demand

815,320 619,216

Term

Accruals

23,715

52,496

TOTAL ASSETS

757,933

1,487,032

Liabilities Debt securities in issue

755,090 734,000

1,481,064 1,434,000

Bonds

Of which accrued interest

21,090

47,064

Accruals and other miscellaneous liabilities

2,843

5,969

TOTAL LIABILITIES

757,933

1,487,032

Loans granted to the International Monetary Fund (IMF) for the Poverty Reduction and Growth Facility (PRGF), financed by bonded debt issued by AFD and supplemented by hedging instruments concluded with different banking counterparties, are provided on behalf and at the risk of the French government.

With the exception of management fees totalling €0.2M, the IMF loans have no impact on the AFD Group’s financial position. Commitments given to the IMF are restated from the consolidated financial statements.

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UNIVERSAL REGISTRATION DOCUMENT 2019

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