AFD // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

NOTE 17 Overheads Salary and employee bene fi t expense

31/12/2021

31/12/2020

In thousands of euros

Salary and employee benefit expenses Wages and bonuses

208,083 84,807 10,451 23,288 10,799

205,994 82,593

Social security expenses

Profit sharing

9,304

Taxes and similar payments on remuneration

18,650 5,031 -8,133

Provisions/reversal of provisions

Rebilling banks’ staff

-4,357

TOTAL

333,071

313,438

Other administrative expenses

31/12/2021

31/12/2020

In thousands of euros

Other administrative expenses Taxes of which application of IFRIC ࣢ 21

8,594

10,036

-98

194

Outside services Rebilled expenses

133,211

122,575

-2,067

-1,598

TOTAL

139,739

131,013

NOTE 18 Cost of credit risk

31/12/2021

31/12/2020

In thousands of euros

Impairments on performing (stage ɸ 1) or deteriorated (stage ɸ 2) assets

-39,159 -53,508

-162,697

6

Stage ɸ 1: losses assessed at the amount of expected credit losses for the coming 12 ɸ months

1,717

Debt securities recognised in equity to be recycled in profit or loss

-

-

Debt securities recorded at amortised cost

-37,863 -15,646 14,349

1,412

Signature commitments

305

Stage ɸ 2: losses assessed at the amount of expected credit losses for the lifetime

-164,413

Debt securities recognised in equity to be recycled in profit or loss

-

-

Debt securities recorded at amortised cost

7,290 7,059

-158,585

Signature commitments

-5,828

Impairments of impaired assets (stage ɸ 3)

63,769 62,150

-37,954 -37,856

Stage ɸ 3: impaired assets

Debt securities recognised in equity to be recycled in profit or loss

-

-

Debt securities recorded at amortised cost

10,374 51,776 1,619 24,610

-9,212

Signature commitments Other provisions for risk

-28,644

-98

Net reversals of impairments and provisions

-200,650

Losses on loans and bad loans Recovery of loans and receivables Discounts on restructured loans

-129,978

-68,470

-757

472

52

COST OF RISK

-106,125

-268,597

157

2021 UNIVERSAL REGISTRATION DOCUMENT