AFD // 2021 Universal Registration Document

FINANCIAL INFORMATION 5

Economic presentation of the consolidated financial statements

The change in total assets was also due to changes in cash and cash equivalents (€6,599M), down over the financial year (-€1,055M). This decrease in cash and cash equivalents was mainly due to the arrival at maturity of bond repayments and disbursements made on loans.

Short-term cash assets

2021 6,211

2020 7,244

Change

AFD

-1,034

Proparco

342

383

-42

Fisea

29

8 0 5

21

Socredo Soderag Sogeform

0 7

0 2

11

13

-2

Other subsidiaries GROUP TOTAL

0

0

0

6,599

7,654

-1,055

in AUD for €45M, eight were in euros for an amount of €5,100M and three were issued in dollars for an issued amount of €2,459M, P maturities due: €5,177M, including five loans maturing in euros for €2,085M and five loans in dollars for €3,092M; P outstanding borrowings from the French Treasury, which amounted to €840M versus €1,535M in 2020. This decrease wasmainly due to the early repayment of four loans for €920M and the receipt of a resource subject to special conditions for a total of €225M. Other liabilities amounted to €5,188M in 2021 (€6,042M in ɸ 2020). They include the following items: P hedging derivatives of €1,787M (€2,168M in ɸ 2020);

Other assets amounted to €6,517M in ɸ 2021 versus €7,057M in ɸ 2020 and represented 12% of total assets. They include the following items: P financial hedging derivatives of €2,129M (€3,194M in ɸ 2020); P other equity investments for €2,184M (€1,658M in ɸ 2020); P fixed assets, accruals and other assets of €637M (€630M in ɸ 2020); P the investment portfolio of €604M (€762M in ɸ 2020); P collateral of €815M (€674M in ɸ 2020); P equity-accounted equity investments of €148M (€140M in ɸ 2020). LIABILITIES AFD Group borrowings totalled €41,978M in ɸ 2021. They consist of the following items: P outstandingmarket borrowings, which amounted to €41,138M at 31 ɸ December 2021, an increase of €770M compared to the end of 2021. This increase in borrowings related to: P issues amounting to €7,608M: out of the 13 issues carried out since the beginning of the year, two were carried out

P provisions of €1,355M (€1,287M in ɸ 2020); P collateral of €726M (€1,317M in ɸ 2020);

P current accounts and accruals and other liabilities of €1,320M (€1,269M in ɸ 2020). Other liabilities include €4.7M in trade payables. In accordance with Article ɸ L.441-6 of the French Commercial Code, the due dates of the trade payables at 31 ɸ December 2021 are shown below:

31/12/2021

31/12/2020

Unmatured debt

Unmatured debt

61 days and over

31-60 days

61 days and over

31-60 days

Matured debt

Matured debt

0-30 days

0-30 days

Total

Total

In millions of euros Trade payables

0.6

1.2

0.0

2.9

4.7

0.6

5.0

0.0

1.7

7.4

118

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2021 UNIVERSAL REGISTRATION DOCUMENT