AFD // 2021 Universal Registration Document

7

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS

Notes to the financial statements at 31 December 2021

NOTE 15 Provisions

Translation adjustments

31/12/2020 Provisions Reversals

31/12/2021

In thousands of euros Sovereign loans (1)

910,112 293,535 45,462 74,152 108,429 26,048 10,276

83,031 63,606 16,110 18,928 16,435

7,719

-1

985,425 314,083 61,392 57,649 57,704 25,721 10,276 11,197

Performing non-sovereign loans (2)

43,058

180

Guarantees given (2)

Financing commitments to non-sovereign loans (2) Provisions for ARIZ and Proparco guarantees French Overseas Department subsidiary risks

35,431 70,345

3,183

13

340

Other risks

Foreign exchange losses (1) Administrative expenses (1)

8,799

3,007

609

637

637

120,691

12,306

278

-65

132,654

Salary and employee benefit expenses (1)

TOTAL

1,598,140 213,435 157,959

3,118 1,656,734

(1) These provisions are not recorded in “cost of risk”. (2) Collective provisions amounted to €433,123K, of which €40,752K in stage ࣢ 1 and €392,371K in stage ࣢ 2. In 2020, collective provisions amounted to €413,149K, of which €9,506K in stage ࣢ 1 and €403,642K in stage ࣢ 2.

NOTE 16 Subordinated debt

December ɸ 2021

December ɸ 2020

In thousands of euros Subordinated debt

1,462,750

2,179,250

Lowest-ranked subordinated debt

-

-

Related debts

6

334

TOTAL

1,462,756

2,179,584

NOTE 17 Reserve for General Banking Risk (RGBR)

December ɸ 2020

Provisions

Reversal

December ɸ 2021

In thousands of euros

460,000

Reserve for General Banking Risk (RGBR)

460,000

-

-

NOTE 18 Equity excluding RGBR

December ɸ 2021

December ɸ 2020

In thousands of euros

Provisions Reserves

4,227,999 2,424,342

2,807,999 2,339,900

Grants

11,419 239,750

12,756 105,552

Unallocated income (1)

TOTAL

6,903,510

5,266,207

(1) The State’s dividend amounted to €21,110K in 2020.

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2021 UNIVERSAL REGISTRATION DOCUMENT