AFD // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

NOTE 14 Gains or losses on financial instruments at fair value through profit and loss

31/12/2021

31/12/2020

Gains and losses on financial instruments at fair value through profit and loss

Gains and losses on financial instruments at fair value through profit and loss

o/w Foreign currency impact on derivatives

o/w Foreign currency impact on derivatives

In thousands of euros

Financial assets and liabilities at fair value through profit and loss Income from financial instruments at fair value through profit and loss Unrealised or realised gains or losses on debt instruments that do not meet SPPI criteria Hedging of loans at fair value through profit or loss

85,302

27,352

-156,132

4,884

8,231

17,331

-

113,108 -36,037 -17,245 -486,310 469,065 -33,667

-161,062 -12,401 28,023 -82,847 110,870 35,895

27,352 -6,109

4,884 8,201 7,975

Income resulting from hedge accounting Change in fair value of hedging derivatives Change in fair value of the hedged item

5,893

216

226

Natural hedging/Trading

50,265

-101,370

CVA/DVA

-185

-

337

-

TOTAL

34,205

71,509

-91,877

-88,285

NOTE 15 Net gains or losses on financial assets recognised at fair value through equity

31/12/2021

31/12/2020

In thousands of euros

Dividends received on equity instruments recognised at fair value through non-recyclable shareholders’ equity Gains or losses on equity instruments recognised at fair value through non-recyclable shareholders’ equity Gains or losses on debt securities recorded at fair value through equity to be recycled in profit or loss

12,300

2,778

0

-

-3,033 9,268

-2,203

NET GAINS OR LOSSES ON FINANCIAL ASSETS RECOGNISED IN EQUITY

575

NOTE 16 Income from other activities

31/12/2021

31/12/2020

In thousands of euros

Subsidies

238,547 47,787 286,335

231,627 40,137 271,764

Other income

TOTAL

Subsidies on loans and borrowings are paid by the State to reduce the financing cost or to reduce lending costs for borrowers.

156

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2021 UNIVERSAL REGISTRATION DOCUMENT