AFD - 2019 Universal registration document

ADDITIONAL INFORMATION 9

Appendix 3 – AFD simplified income statement based on French GAAP

9.7 Appendix 3 – AFD simplified income statement based on French GAAP AFD income statement 2019-2018

2019

2019

Expenses (in millions of euros) Expenses on borrowings

2018 Change Income

2018 Change

1,283 1,154 129 Income on loans and guarantees

1,612 1,454 158

P Interest and commissions on loans and guarantees

P Interest on borrowings P Expenses on swaps

571 491 80

952 869 780 699 -2 -5 -1 -1

82 82

716 672 44 P Income on swaps

P Net foreign exchange balance

-3 -9

6 P Net provisions for unpaid interest

3 0

P Loss of interest income P Net provisions for sovereign outstandings

-64 -60

-3

P Recoveries on subsidy account for SAL and mixed loan-grants

5

4

1

Ǿ P Repayment of Proparco margin

-58 -51

-7

Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ

Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ

Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ Ǿ

Ǿ Subsidies

223 197 26

Ǿ Investment income

17 15 10 15

2

Ǿ Income from equity stakes Ǿ Commissions on operations

-5

119 74 46

Ǿ P AFD fees, donations, SAS, SAL, C2D

97 51 23 23

46

Ǿ P Other commissions

0

Miscellaneous financial expenses Expenses on IMF-PRGF transaction

18 23 -5 Ancillary income and miscellaneous

69 59 10

2

5 -3 Income from IMF-PRGF transaction

2

6

-3

TOTAL INCOME ON BANKING OPERATIONS

TOTAL BANKING OPERATING EXPENSES 1,303 1,183 121

2,053 1,820 233

Net of income from IMF-PRGF transaction

1,301 1,177 124 Net of expenses on IMF-ESAF transaction 2,051 1,814 237

Net banking income

750 637 112 434 387 47 294 261 33 190 172 18

Overheads

P Staff costs

P Wages and bonuses

P social security contributions and expenses

78 71

7 1 1 4 2 1

P Profit sharing

10

8

P Taxes and similar payments on remuneration 18 17

P provisions for retirement - employee benefits

8

4

P Rebilling banks’ staff Taxes and similar payments P Other general expenses

-9 -11

7

7

133 119 14

Depreciation/amortisation expenses on property, plant and equipment and intangible assets (net) Total expenses on non-banking operations

33 22 10 467 409 58 283 228 55 -117 -75 -42

Gross operating income

Cost of risk

Net provisions for impairments for unpaid interest Net provisions for risk and expenses

-65 -22 -43

-47 -47 -6 -6

0 0

Loss of principal on bad loans

Operating income

166 153 13

Gains or losses on fixed assets Income from operations Net exceptional transactions

-5 -1

-4

160 152

9 6 0

0 -6

Corporate tax NET INCOME

0

0

160 145 15

218

UNIVERSAL REGISTRATION DOCUMENT 2019

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