AFD - Universal Registration Document 2020

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

NOTE 9 Provisions

❙ Provisions

Foreign exchange differencies

Reversals available

31/12/2019 Provisions

31/12/2020

In thousands of euros

Included in the cost of risk French Overseas Department subsidiary risks

26,788 167,137

-

257

-

26,531 180,380

Other provisions for risk

78,310

65,058

-10

Excluded from the cost of risk

-

-

Provision for expenses – Sovereign loans

804,658 146,881

106,045 19,035

596

0

910,108 162,581

Staff costs

3,335

-

Provision for risks and expenses

6,420

1,274

209

-9

7,477

TOTAL

1,151,884 204,665

69,454

-19 1,287,076

* The allocation to the reserve account in the amount of €106M over the period compared with €61M at the end of 2019 corresponds to €74M in usual allocations to the reserve account and €32M in respect of an agreement to reorganize debt between the French Republic and a foreign State. ❙ Asset impairment

Reversals available 25,308 270,714

Translation adjustment 31/12/2020

31/12/2019 Dotations

In thousands of euros

Banks

97,110 658,197 10,619 190,559 554,130 10,805

77,067 320,357

-3,312

145,558 689,285

Credit to customers Of which stage Ǿ 1 Of which stage Ǿ 2 Of which stage Ǿ 3 Other receivables

-18,554

1,525

2,937

- -

9,207

158,585 214,592

-

349,144 476,493 10,805

270,336

-21,893

-

-

-

TOTAL

766,112 397,424 296,022 -21,866 845,648

NOTE 10 Subordinated debt

31/12/2020

31/12/2019

In thousands of euros

Fixed-term subordinated debt Open-ended subordinated debt

695,328 840,006

448,003 840,006

TOTAL

1,535,334

1,288,009

150

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2020 UNIVERSAL REGISTRATION DOCUMENT