AFD - 2019 Universal registration document

AFD’S ANNUAL FINANCIAL STATEMENTS AFD’s financial results over the last five financial years

NOTE 35 Investments held inmanaged funds (1)

Number of equity stakes Purchase price

Fund source

Caisse d’investissement des DOM (CIDOM)

2 5 6 4

1,330

Fonds d’investissement et de dévelop. économique et social (FIDES)

642 236

Fonds d’investissement des DOM (FIDOM)

Other Government resources

7,592 9,800

TOTAL

17

(1) This information does not appear in the publishable off-balance sheet.

NOTE 36 Remuneration of executive officers Gross annual compensation allocated to corporate officers is €356,428.

NOTE 37 Corporate income tax Only income from property and from representing mainland credit institutions in the French Overseas Departments, as well as AFD’s refinancing activity with regard to its Proparco subsidiary, are subject to corporation tax.

NOTE 38 Risk exposure AFD operates on its own behalf in forward financial markets as part of its own activities and those delegated to it by the French State. These transactions are undertaken within the limits authorised by General Management with the agreement of the Board of Directors.

7.4 AFD’s financial results over the last five financial years

2019 5,148

2018 5,017

2017 4,794

2016

2015 2,097

Capital + Retained earnings + Income (in millions of euros)

4,607

Net banking income (in millions of euros)

750 160

637 145

568 215

539 138

533 180

7

Net income (in millions of euros)

Net income/capital + retained earnings + income

3.11% 0.33%

2.90% 0.32%

4.48% 0.52%

3.00% 0.37%

8.58% 0.51%

Net income/balance sheet total Staff Number of employees (average) Total payroll costs (in millions of euros)

2379

2187

1978

1811

1,715

294

261

236

210

194

of which social and cultural initiatives (in millions of euros)

21.4

19.5

20.6

16.3

13.0

197

UNIVERSAL REGISTRATION DOCUMENT 2019