AFD - Universal Registration Document 2020

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements

% interest 2019

% control 2020

% interest 2020

% control 2019

Balance sheet total (1)

Total net income

Contribution to earnings (2)

Localisation

In thousands of euros

AFD

53,621,972

163,009

Fully consolidated companies Soderag

Antilles 100.00 100.00 100.00 100.00

5,293

-33

Proparco

Paris 74.18 74.18 78.19 78.19 6,325,737

-88,168

Sogefom – AFD share Sogefom – Socredo share

Paris 58.69 60.00 58.69 60.00

50,653

-562

Paris 1.31

1.31

Fisea

Paris 100.00 100.00 100.00 100.00

196,749

-27,537

Propasia

Hong Kong 100.00 74.18

-

-

-

Companies accounted for by the equity method P Non-financial entities Société Immobilière de Nouvelle Calédonie

New Caledonia 50.00 50.00 50.00 50.00

29,004

-7,034

P Financial entities Banque Socredo

Polynesia 35.00 35.00 35.00 35.00

109,919

730

Other non-consolidated investments P Foreign state-owned or partially state-owned entities Banque Nationale de Développement Agricole Banque de Développement des Ǿ Seychelles Société de Gestion et d’Exploitation de l’Aéroport de Conakry G’Bessia P Stakes held by Proparco in entities abroad

Mali

22.67 22.67 22.67 22.67 758,537,467 15,052,923

Seychelles 20.41 20.41 20.41 20.41 67,393,484 328,815

Guinea 20.00 20.00 20.00 20.00 26,605,191 3,210,333

Multi- country 37.50 37.50

ACON ALAOF Ǿ V

Acon Latin America Opportunities Fund A

Multi- country 20.00 20.00 20.00 20.00

16,521

12

Acon Renewables Ǿ BV (Hidrotenencias Ǿ SA)

Panama 24.47 24.47 24.47 24.47

1,513

-287

Multi- country 33.33 33.33

African Education Holdings

Africinvest Ǿ III SPV Ǿ I

Kenya 21.82 21.82 21.82 21.82

219,904 40,577

Aif Pharma Lux

Morocco

37.28 N/D

N/D

Amethis Milling SPV

Mozambique 26.32 26.32 26.32 26.32 Multi- country 50.00 50.00 50.00 50.00 Multi- country 40.00 40.00 50.00 50.00 Brazil 100.00 100.00 100.00 100.00

31,098

-58

Averroes Finance Ǿ II

22,674

-404

Averroes Finance Ǿ III

27,517 12,039

-292

Bredev Ǿ SAS

15

Capsquare Asia Partners Fund Ǿ II LP Indonesia 21.30 21.30

Multi- country 23.41 23.41 23.41 23.41

Central Africa Growth Fund EuroPro Holding SAL (formerly Wadi Holding)

292

-45

Egypt

35.29 35.29 35.29 35.29

307,253 15,935

130

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2020 UNIVERSAL REGISTRATION DOCUMENT