AFD // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

NOTE 3 Financial assets at fair value through other comprehensive income

31/12/2021

31/12/2020

Change in fair value over the

Change in fair value over the period

Carrying amount

period Carrying amount

In thousands of euros

Debt securities recognised at fair value through equity to be recycled in profit or loss

837,134 655,662 181,472

-3,618 -3,232

968,908 785,639 183,270

6,903 3,370 3,533

Government paper and equivalent

Bonds and other securities

-387

Equity securities recorded at fair value through equity not to be recycled in profit or loss

549,062 549,062

-10,605 -10,605 -14,224

487,090 487,090

-567 -567

Unconsolidated equity investments

TOTAL

1,386,196

1,455,998

6,336

NOTE 4 Financial assets and liabilities at fair value measured according to the level of fair value

31/12/2021

31/12/2020

Level ɸ 1 Level ɸ 2 Level ɸ 3

Total

Level ɸ 1 Level ɸ 2 Level ɸ 3

Total

In thousands of euros

Assets/Liabilities Loans and securities that do not meet SPPI criteria Financial assets recorded through equity Hedging derivatives (Assets)

55,437

2,373,022 2,428,459 54,521

- 2,274,563 2,329,084

806,699 30,435 549,062 1,386,196 938,908 30,000 487,090 1,455,998

- 2,003,043

- 2,003,043

- 2,893,471

- 2,893,471

Derivatives (Liabilities)

-

258,000

1,993 259,993

-

285,557

1,611 287,169

Hedging derivatives (Liabilities)

- 1,527,245

- 1,527,245

- 1,881,323

- 1,881,323

Derivatives (Assets)

-

123,372

3,973 127,344

-

288,523 10,932 299,455

P Sensitivity of the fair value of level ɸ 3 instruments The category of instruments measured at level ɸ 3 fair value mainly comprises equity securities. The sensitivity calculations do not apply because their valuations are not linked to market parameters.

NOTE 5 Financial instruments at amortised cost

❙ Financial assets measured at amortised cost

31/12/2021

31/12/2020

Notes

Demand

Term Demand

Term

In thousands of euros

Debt securities

5.1

1,295,925

1,358,235

Loans and receivables due from credit institutions Loans and receivables due from customers

5.2 2,342,186 7,720,605 1,639,791 7,319,523

5.2

34,235,953

32,327,164

TOTAL

2,342,186 43,252,483 1,639,791 41,004,923

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2021 UNIVERSAL REGISTRATION DOCUMENT