AFD - Universal Registration Document 2020

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

❙ Investments in unconsolidated structured entities – Risk exposure and dividends received

31/12/2020

31/12/2019

Financial assets measured at fair value through profit and loss

Financial assets measured at fair value through profit and loss

Dividends received over the year

Dividends received over the year

Maximum exposure

Maximum exposure

In thousands of euros

Homogeneous portfolios Agribusiness

40,392 35,668 58,933 61,952 40,052 230,197 482,002 91

40,392 35,668 58,933 61,952 40,052 230,197 482,002 91

6

68,443 44,791 78,532 65,876 51,794 233,266 479,547 4

68,443 44,791 78,532 65,876 51,794 233,266 479,547 4

- -

Energy

-

Infrastructure

11

16

Mining

- - -

-

Multi-sector SME-SMI

848

Healthcare

-

Financial services

3,854

2,668

Multi-sector

264

15

UNCONSOLIDATED STRUCTURED ENTITIES – INVESTMENT FUNDS

949,287

949,287

4,135 1,022,251 1,022,251

3,547

Bearing in mind the type of interests, maximum exposure to loss is defined in this note as the fair value of the investment fund presented on the balance sheet as of the financial year end. This amount includes financing commitments that have not yet been disbursed. Furthermore, the Group has not and does not offer financial support or other assistance to an unconsolidated structured entity outside of contractual commitments. The AFD Group does not act as a sponsor for structured entities. Sponsorship is assumed when AFD does not have or no longer has an ownership interest in an entity yet still provides this entity with both operational and strategic support.

Note Ǿ 1.3 Equity instruments at fair value through pro fi t and loss Equity instruments measured at fair value through profit and loss correspond to investments held by AFD for which the classification at fair value through non-transferable shareholders’ equity has not been selected. On first-time adoption of IFRS Ǿ 9, the Group opted for the fair value classification under non-recyclable equity of its portfolio of direct investments without put options, which make up the majority of the Group’s equity instruments.

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NOTE 2 Financial hedging derivatives Note Ǿ 2.1 Fair value hedging instruments

31/12/2020

31/12/2019

Book value

Book value

Assets Liabilities

Notional

Assets Liabilities

Notional

In thousands of euros

Fair value hedging Interest rate derivatives

2,400,454 1,265,603 49,211,444 1,787,323

940,348 41,278,499

Interest rate and foreign exchange derivatives (cross-currency swaps)

493,018

615,720 10,113,105

771,655

545,769 10,580,278

TOTAL

2,893,471 1,881,323 59,324,549 2,558,977 1,486,117 51,858,777

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2020 UNIVERSAL REGISTRATION DOCUMENT