AFD - 2019 Universal registration document

AFD’S ANNUAL FINANCIAL STATEMENTS 7

Notes to the financial statements at 31 December 2019

NOTE 15 Provisions

Translation adjustment

31/12/2019

01/01/2019 Provisions Reversals

In thousands of euros

Sovereign loans (1)

740,990 159,390

63,721 26,247

58

9

804,660 161,344

Performing non-sovereign loans

24,293

Guarantees granted

9,833

5,752

194

15,391

Financing commitments to non-sovereign loans Provisions for ARIZ and Proparco guarantees French Overseas Department subsidiary risks

67,634 73,858 26,962 10,138

43,064 14,950

10,093

100,605 84,624 26,305 10,276

5,197

1,014

44

702

Other risks

137 193

7,923

51

8,065

Foreign exchange losses (1) Administrative expenses (1)

637

637

106,983

8,061

150

-46

114,848

Staff costs (1)

TOTAL

1,204,349 162,170

40,739

977 1,326,758

(1) These provisions are not recorded in “cost of risk”.

NOTE 16 Subordinated debt

December b 2019

December b 2018

In thousands of euros

Subordinated debt

1,943,000

1,703,000

Lowest-ranked subordinated debt

-

-

Related debts

9

7

TOTAL

1,943,009

1,703,007

NOTE 17 Reserve for General Banking Risk (RGBR)

December b 2019

December b 2018

Provisions

Reversal

In thousands of euros

Reserve for General Banking Risk (RGBR)

460,000

-

-

460,000

NOTE 18 Equity excluding RGBR

December b 2019

December b 2018

In thousands of euros

Provisions

2,807,999 2,179,759

2,807,999 2,063,442

Reserves

Subventions

27,480

31,702

Unallocated income (1)

160,141

145,397

TOTAL

5,175,379

5,048,540

(1) Dividends distributed to the French State in 2019 totalled €29,079,000.

192

UNIVERSAL REGISTRATION DOCUMENT 2019

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