AFD // 2021 Universal Registration Document

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS Accounting principles and assessment methods

The aggregate impacts on the 2020 and 2021 reporting years are set out in the table below:

Change impact on revenue

Change impact on revenue

At 31/12/2021

At 31/12/2020

At 31/12/2019

In thousands of euros

Provisions for employee benefits

129,883 128,453

9,641 9,610

120,243 118,843

8,365 8,246

111,877 110,597

P Defined benefit plans P Other long-term benefits

1,431

31

1,401

120

1,281

The changes in commitments over the 2021 financial year are shown in the table below:

Expatriate employees healthcare expenses Retirement

Retiree health insurance

Retirement lump sum

Total defined benefit plans

Service award

Grand total

In thousands of euros

Change in the present value of the commitment: Present value of the commitment at 1 ɸ January

13,482 26,305 133,464 22,245

195,497 1,399 196,895

Financial cost

98

0

998

163

1,259

11 1,269

Cost of services rendered over the year

513

111 9,068

2,208

11,900 202 12,102

Cost of past services Reductions/Liquidations

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Services paid

-78 -7,264 -2,095 -1,496 3,100 -3,744 -20,579 -2,376

-10,932 -123 -11,055

Actuarial (gains) losses

-23,600

-47 -23,647 -11 -1,056

Other (commitment transfers)

0

-96 -753

-197

-1,045

Present value of the commitment at 31/12/2021 Change in the fair value of retirement plan assets: Fair value of assets at 1 ɸ January

17,116 15,312 120,103 20,548 173,078 1,430 174,508

34,960

34,960

34,960

Expected return on assets

0

Services paid

-7,264

Actuarial gains (losses)

75

Liquidations

0

Fair value of assets at 31/12/2021

27,771

27,771

27,771

Corridor limits: Actuarial gains (losses) not recognised at 1 ɸ January

-3,420 1,348 -3,100

5,460 -38,959 -4,774

-41,693

0 -41,693

Corridor limits at 1 ɸ January

3,496 13,346 3,820 20,579 -611 1,503

2,225 2,376

Actuarial gains (losses) generated over the year Actuarial (gains) losses recognised in profit or loss Actuarial (gains) losses recognised in equity

23,675

47 23,722 -47 1,117

7

124

149

1,164

0

0

0

0

0

Actuarial gains (losses) not recognised at 31/12/2021

-6,396

8,669 -16,877 -2,250

-16,854

0 -16,854

Amounts recognised on the balance sheet at 31/12/2021: Present value of the funded commitment

15,312

Fair value of financed assets

0 -27,771

-12,459

-12,459

Present value of unfunded commitment

17,116

120,103 20,548

157,766 1,430 159,196

Net position

17,116 -12,459 120,103 20,548 145,307 1,430 146,737

Unrecognised actuarial gains (losses)

-6,396

8,669 -16,877 -2,250

-16,854

0 -16,854

Balance sheet provision

10,720 -3,790 103,226 18,298 128,453 1,430 129,883

195

2021 UNIVERSAL REGISTRATION DOCUMENT