AFD // 2021 Universal Registration Document

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS Notes to the financial statements at 31 December 2021

NOTE 19 Assets and liabilities in foreign currencies (1)

December ɸ 2021

December ɸ 2020

In thousands of euros

Assets in foreign currencies (2) Liabilities in foreign currencies (2)

10,148,537 7,069,861

9,074,770 7,220,912

(1) Excluding IMF transactions and off-balance sheet hedging transactions, as these transactions offset balance sheet positions. (2) In principle, these foreign-currency positions are offset by forward financial instruments recorded off-balance sheet.

NOTE 20 Interest and related income

December ɸ 2021

December ɸ 2020

In thousands of euros

Interest and income on transactions with credit institutions (1)

433,121 261,484 -10,067 181,705 537,132 21,330

477,958 274,049

Interest on loans

Interest on short-term investments

-7,067

Income from forward financial instruments

210,977 596,049 17,632 2,929 14,703 535,818 535,818

Interest and income on transactions with customers (1) Interest and income on bonds and other fixed-income securities

Short-term investments Investment securities

8,033

13,296

Other interest and similar income Income from forward financial instruments

488,228 488,228

TOTAL 1,627,457 (1) The amount of net reversals of provisions for interest on non-performing loans, adjusted for losses on interest on bad loans, was +€4,787K at 31/12/2021 compared with -€95,186K at 31/12/2020. It should be recalled that, in 2020, the decrease in doubtful sovereigns was related to the signing of a debt restructuring agreement between the French Republic and a sovereign State. 1,479,810

NOTE 21 Interest and related expenses

December ɸ 2021

December ɸ 2020

In thousands of euros

Interest and expenses on transactions with credit institutions

661,239

679,622

Interest on accounts payable

2,839

3,542

7

Expenses on forward financial instruments

658,399

676,080

Interest on borrowings

-

-

Interest and expenses on transactions with customers

928 928

1,596 1,596

Interest on subordinated debts

Other interest and expenses on transactions with customers Interest and expenses on bonds and other fixed-income securities Interest on interbank market securities and negotiable debt securities

-

-

464,074

518,842

-4,830

-1,578

Interest on bonds

466,805

518,318

Interest on lowest-ranked subordinated debt Other interest and similar income Expenses on forward financial instruments

2,100

2,103

-82,152 -82,152

-11,462 -11,462

Interest on allocated public funds

-

-

TOTAL

1,044,089

1,188,598

205

2021 UNIVERSAL REGISTRATION DOCUMENT