AFD - Universal Registration Document 2020

FINANCIAL INFORMATION Economic presentation of the consolidated financial statements

The contribution of the Group’s various companies to its net position excluding minority interests is as follows:

Net position

2020 5,984

2019 5,831

Change

AFD

147

Proparco Socredo Soderag

231 110 -122

330 109 -122

-99

1 0

Other subsidiaries GROUP TOTAL

-77

-42

-36 19

6,125

6,106

The “regulatory” equity (1) amounts to €7,910M at 31 Ǿ December Ǿ 2020 compared with €7,466M at the end of Ǿ 2019. Tier Ǿ 1 capital for Ǿ 2019 Ǿ stands at €6,375M (€6,178M in Ǿ 2019); Tier Ǿ 2 capital stands at €840M (€840M in Ǿ 2019); and eligible RCS Tier Ǿ 2 amounts to €695M (€448M at end-2019).

Minority interests (share of equity) were down, amounting to €155M at 31 Ǿ December Ǿ 2020, compared with €204M at the end of Ǿ 2019.

5.3.2 Consolidated income statement

2020

2019 Change Ǿ 2019/2020

In millions of euros

Net banking income

764 444 313 131

839 440 295 145

-75.0

Overheads

4.7

P Employee benefits expense

18.5 -13.8

P Taxes and other general expenses

Provisions for depreciation/amortisation on intangible assets and property, plant and equipment

40

48

-8

5

Total expenses on non-banking operations

484 280 -269 -164

487 352 -150

-3.2

Gross operating income

-71.8

Cost of risk

-118.8 -109.8

- Collective provisions

-54 -89 -10

- Individual impairments of non-sovereign loans

-37 -69

52.1

- Capital losses on bad loans

-58

- Other provisions Operating income

1

4

-3

12

202

-190.6

Share of earnings from companies accounted for by the equity method

-6

-2

-4.7

Net gains or losses on other assets

0 5

0

0.2

Pre-tax income Corporate tax

200

-195.1

10 15 -25 40

-18

28.5

Net income

182

-166.7

Minority interests

10

-34.6 -132

NET INCOME – GROUP SHARE

172

(1) Shareholders’equity is calculated in compliance with EU Ǿ Directive 2013/36/EU and Regulation (EU) No. Ǿ 575/2013.

115

2020 UNIVERSAL REGISTRATION DOCUMENT