AFD - Universal Registration Document 2020

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

the French State. These holdings, recorded at cost, do not appear on the balance sheet. These holdings, which were subscribed to on behalf of the French State with public funds made available to AFD, are not included in ownership or control percentages and are therefore not consolidated in the financial statements.

6.2.6 Additional information 6.2.6.1 Investments held onmanaged funds AFD has interests in 15 Ǿ companies via a number of managed funds (Cidom, FAC, Fides and Fidom) or via funds contributed by

Number of equity stakes Purchase price

Fund source

Caisse d’investissement des DOM (CIDOM)

2 5 6 2

1,330

Fonds d’investissement & de développement économique et social (Fides)

642 236

Fonds d’investissement des DOM (FIDOM)

Other Government resources

3,683 5,891

TOTAL

15

6.2.6.2 IMF balance sheet

31/12/2020

31/12/2019

In thousands of euros

Assets Loans and receivables due from credit institutions

400,109 225,720 174,388 14,659 414,768

734,217 393,395 340,822 23,715 757,933

On demand

On term

Accruals

TOTAL ASSETS

Liabilities Debt securities in issue

412,676 400,000

755,090 734,000

Bonds

Of which accrued interest

12,676

21,090

Accruals and other miscellaneous liabilities

2,091

2,843

TOTAL LIABILITIES

414,768

757,933

6

Loans granted to the International Monetary Fund (IMF) for the Poverty Reduction and Growth Facility (PRGF), financed by bonded debt issued by AFD and supplemented by hedging instruments concluded with different banking counterparties, are provided on behalf and at the risk of the French government.

With the exception of management fees totalling €0.2M, the IMF loans have no impact on the AFD Group’s financial position. Commitments given to the IMF are restated from the consolidated financial statements.

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2020 UNIVERSAL REGISTRATION DOCUMENT