AFD // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

NOTE 21 Financing and guarantee commitments Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions.

31/12/2021

31/12/2020

In thousands of euros

Commitments received Financing commitments received from the French State Guarantee commitments received from the French State on loans Guarantee commitments received from credit institutions

-

-

1,135,687

1,318,769

412,479 412,479

821,726 821,726

as part of the Group’s credit activity

Commitments given Financing commitments made to credit institutions Financing commitments made to customers Guarantee commitments made to credit institutions Guarantee commitments made to customers

1,850,484 15,213,849

2,148,651 13,485,720

141,783 824,959

116,498

534,817 At 31 ࣢ December 2021, the off-balance sheet items relating to sovereign outstandings amounted to €13,159M and off-balance sheet outstanding loans at State risk amounted to €56M. Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions. The commitment amount is lower than the figure stated in AFD’s parent company financial statements because the transactions on behalf of third parties (IMF, on behalf of the French government) are not included in the Group’s consolidated financial statements. 6.2.4.3 Employee benefits and other remuneration The aggregate impacts of the post-employment benefits on the 2020 and 2021 financial years are set out in the table below:

At 31/12/2021

Impact on income

Impact on equity

At 31/12/2020

Impact on income

Impact on equity

At 31/12/2019

In thousands of euros

Provisions for employee benefits

146,738 145,308

8,476 -23,675 8,445 -23,675

161,937 160,538

7,554 10,669 7,434 10,669

143,714 142,434

Defined benefit plans

Other long-term benefits

1,430

31

1,399

120

1,279

6

The sensitivity analysis, based on the actuarial assumptions used to value the defined benefit plans at the closing date, is as follows:

Retirement as a % of change

In millions of euros

Present value of the commitment at 31/12/2021 P Discount rate: 0.00% P Annual increase in salary: 2.00%

15.3

P Retirement age: 63 (non-executive level employees)/65 (executive level employees) Sensitivity to the discount rate assumption Rate change to 0.25%

15.2 15.4

-0.7% 0.7%

Rate change to -0.25%

Sensitivity to the career profile assumption Rate change to 2.50%

15.6 15.1

1.9% -1.4%

Rate change to 1.5%

Sensitivity to the retirement age assumption P Increase of 1 ɸ year (for all guarantees) P Reduction of 1 ɸ year (for all guarantees)

14.9 15.7

-2.7% 2.5%

159

2021 UNIVERSAL REGISTRATION DOCUMENT