AFD - Universal Registration Document 2020

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

NOTE 16 Overheads Staff costs

31/12/2020

31/12/2019

In thousands of euros Staff costs Wages and bonuses

205,994 82,593

190,233 77,880

Social security expenses

Profit sharing

9,304

9,817

Taxes and similar payments on remuneration

18,650 5,031 -8,133

17,870 8,612 -9,491

Provisions/reversal of provisions

Rebilling banks’ staff

TOTAL

313,438

294,922

General and administrative expenses

31/12/2020

31/12/2019

In thousands of euros

General and administrative expenses Taxes

10,036

9,017

of which application of IFRIC Ǿ 21

194

-190

Outside services Rebilled expenses

122,575

138,341

-1,598

-2,564

TOTAL

131,013

144,794

NOTE 17 Cost of credit risk

31/12/2020

31/12/2019

In thousands of euros

Impairments on performing (stage Ǿ 1) or deteriorated (stage Ǿ 2) assets

-162,697

-52,403

Stage Ǿ 1: Losses assessed at the amount of expected credit losses for the coming 12 Ǿ months

1,717

-6,715

6

Debt securities recognised in equity to be recycled in profit or loss

-

-

Debt securities recorded at amortised cost

1,412

-4,388 -2,327

Signature commitments

305

Stage Ǿ 2: Losses assessed at the amount of expected credit losses for the lifetime

-164,413

-45,688

Debt securities recognised in equity to be recycled in profit or loss

-

-

Debt securities recorded at amortised cost

-158,585

-8,369

Signature commitments

-5,828

-37,319 -86,728 -86,302

Impairments of impaired assets (stage Ǿ 3)

-37,954 -37,856

Stage Ǿ 3: Impaired assets

Debt securities recognised in equity to be recycled in profit or loss

-

-

Debt securities recorded at amortised cost

-9,212

-71,965 -14,337

Signature commitments Other provisions for risk

-28,644

-98

-426

Net reversals of impairments and provisions Losses on bad loans and receivables not written off

-200,650

-139,131

-68,470

-10,246

Recovery of loans and receivables Discounts on restructured loans

472

94

52

-540

COST OF RISK

-268,597

-149,823

153

2020 UNIVERSAL REGISTRATION DOCUMENT