AFD - 2019 Universal registration document

AFD’S ANNUAL FINANCIAL STATEMENTS 7

Notes to the financial statements at 31 December 2019

NOTE 22 Commission income and expenses

December b 2019

December b 2018

In thousands of euros Commission income

133,792 113,137 17,964

81,390 65,881 11,916

from subsidies from processing

other

2,691

3,594

Commission expenses

766

637

NOTE 23 Gains or losses on investment portfolio transactions

December b 2019

December b 2018

In thousands of euros

Balance of investment portfolio transactions

-225

-3,898

Capital gains on disposals Capital losses on disposals

38

20

2,789 2,530

2,676 1,051 2,293

Reversals of provisions for depreciation

Provisions for depreciation

4

NOTE 24 Other income on banking operations

December b 2019

December b 2018

In thousands of euros

Other income on banking operations

307,992 229,591 77,081

280,805 208,439

Subsidies

Other banking income

66,796

Net foreign exchange gains

1,320

5,570

NOTE 25 Other expenses on banking operations

December b 2019

December b 2018

In thousands of euros

Other expenses on banking operations

69,702 69,702

65,615 65,615

Other operating expenses Net foreign currency losses

-

-

NOTE 26 Overheads – Personnel costs

December b 2019

December b 2018

In thousands of euros

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 7,865 -9,491

17,145

Provisions/reversal of provisions

7,735

Rebilling banks’ staff

-15,030 261,415

TOTAL

294,175

194

UNIVERSAL REGISTRATION DOCUMENT 2019

www.afd.fr

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