AFD - Universal Registration Document 2020

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

ETRG employees healthcare expenses

Retiree health insurance

as a% of Ǿ change

Retirement lump sum

as a% of Ǿ change

Service award

as a% of Ǿ change

In millions of euros

Present value of the commitment at 31/12/2020 P Discount rate: 0.70%, P Annual increase in salary: 2% AFD and 2.20% TOM P Retirement age: 63 (non-executive level employees)/65 (executive level employees) 13.5 Sensitivity to the discount rate assumption Rate change to 1.20% 11.7 Sensitivity to the career profile assumption Rate change to 2.50% AFD and 2.70% TOM 15.7 Sensitivity to the retirement age assumption P Increase of one year: 64 (non-executive level employees)/66 (executive level employees) 12.9 Rate change to 0.20% 15.8 Rate change to 1.5% AFD and 1.70% TOM 11.6

133.5

22.2

1.4

-13.0% 117.4 16.8% 152.9

-12.1% 20.8 14.6% 23.8

-6.4% 7.1%

1.3 1.5

-4.3% 4.4%

16.5% 133.5

0.0% 23.9

7.2%

1.4

0.0%

-13.7% 133.5

0.0% 20.8

-6.6%

1.4

0.0%

-4.6% 129.0

-3.3% 21.7

-2.2%

1.4

0.0%

P Decrease of one year: 62 (non-executive level employees)/64 (executive level employees)

14.1

4.7% 138.1

3.5% 22.8

2.4%

1.4

0.0%

Projected commitments at 31 Ǿ December Ǿ 2020 are as follows:

Actuarial debt at 31/12/2020 Cost of services rendered in 2021

13,482 26,305 133,464 22,245 195,497 1,399 196,895

513

111 9,068 2,208 11,900

202 12,102 11 1,269

Financial cost in 2021

98

-

998

163 1,259

Services payable in 2020/transfer of capital in respect of departures in Ǿ 2021

-78 -12,850 -2,095 -1,496 -16,519

-123 -16,641

Estimated debt at 31/12/2021

14,016 13,566 141,435 23,121 192,137 1,488 193,625

156

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2020 UNIVERSAL REGISTRATION DOCUMENT