AFD - Universal Registration Document 2020

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

❙ Age of arrears The age of arrears on loans and receivables at the closing date may be analysed as follows:

31/12/2020

In thousands of euros

AFD non-sovereign (excluding sub-inv.) Proparco (excluding sub-inv.) Sub-investments (AFD side) Sub-investments (Proparco side)

76,645 54,972 55,101

61,680 248,399

Concentration of credit risk ❙ Financial assets at amortised cost

At 31 Ǿ December 2019

At 31 Ǿ December Ǿ 2020

Doubtful assets

Doubtful assets

Performing assets

Performing assets

Bucket Ǿ 1 Bucket Ǿ 2 Bucket Ǿ 3

Total

Bucket Ǿ 1 Bucket Ǿ 2 Bucket Ǿ 3

Total

In thousands of euros Rating from AAA to BBB- (Investment) from BB+ to CCC (Speculative)

5,550,884 316,916

-

5,867,799 5,711,085 352,245

-

6,063,330

4,191,359 4,248,945

- -

8,440,304 3,194,704 5,517,350

- -

8,712,054

not applicable*

32,458

- -

32,458

7,762

- -

7,762

Doubtful**

-

1,170,748 1,170,748

-

1,205,720 1,205,720

TOTAL

9,774,701 4,565,861 1,170,748 15,511,309 8,913,551 5,869,595 1,205,720 15,988,866

* Assets without a purpose relate to budgets granted pending allocation to a bene fi ciary.

** The CCC rating used at the end of 2019 as the fi rst notch of doubtful debt was replaced in the course of Ǿ 2020 by a new wording “D+”. The CCC rating now corresponds to the latest performing rating. This change was made to make the internal rating scale more consistent so that all doubtful third parties have a rating starting with a “D”. ❙ Securities at fair value through recyclable equity or at amortised cost

Performing assets

Financial assets impaired from their acquisition or creation

Doubtful assets Bucket Ǿ 3

Bucket Ǿ 1

Bucket Ǿ 2

Total

In thousands of euros

Rating

Book value

from AAA to BBB- (Investment) from BB+ to CCC (Speculative) Doubtful TOTAL AT 31 Ǿ DECEMBER Ǿ 2020 from AAA to BBB- (Investment) from BB+ to CCC (Speculative) Doubtful TOTAL AT 31 Ǿ DECEMBER 2019

2,162,017

2,162,017

72,534

72,534

2,162,017 2,343,589

72,534

2,234,551 2,343,589

31,781

44,626

76,407

2,375,369

44,626

2,419,996

164

www.afd.fr

2020 UNIVERSAL REGISTRATION DOCUMENT