AFD - Universal Registration Document 2020

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS Notes to the financial statements at 31 December 2020

NOTE 15 Provisions

Translation adjustment

31/12/2019 Provisions Reversals

31/12/2020

In thousands of euros Sovereign loans (1)

804,660 161,344 15,391 100,605 84,624 26,305 10,276

106,045 158,955 31,443 29,878 34,094

596

1

910,112 293,535 45,462 74,131 108,450 26,048 10,276

Performing non-sovereign loans (2)

26,764

1,372

Guarantees granted (2)

Financing commitments to non-sovereign loans (2) Provisions for ARIZ and Proparco guarantees French Overseas Department subsidiary risks

56,352

4,144

-6,125

-

257 676

Other risks

676 734

Foreign exchange losses (1) Administrative expenses (1)

8,065

-

8,799

637

637

114,848

8,606

2,523

-241

120,691

Personnel expenses (1)

TOTAL

1,326,758 370,431

92,683

-6,365 1,598,140

(1) These provisions are not recorded in “cost of risk”. (2) Collective provisions amounted to €413,149K of which €9,506K in stage 1 and €403,642K in stage 2. In 2019, collective provisions amounted to €277,344K, of which €7,024K in stage 1 and €270,320K in stage 2.

NOTE 16 Subordinated debt

December Ǿ 2020

December Ǿ 2019

In thousands of euros Subordinated debt

2,179,250

1,943,000

Lowest-ranked subordinated debt

-

-

Related debts

334

9

TOTAL

2,179,584

1,943,009

NOTE 17 Reserve for General Banking Risk (RGBR)

December Ǿ 2019

Provisions

Reversal

December Ǿ 2020

In thousands of euros

Reserve for General Banking Risk (RGBR)

460,000

-

-

460,000

7

NOTE 18 Equity excluding RGBR

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Provisions Reserves Subventions

2,807,999 2,339,900

2,807,999 2,179,759

12,756 105,552

27,480 160,141

Unallocated income (1)

TOTAL

5,266,207

5,175,379

(1) Due to the health crisis, no dividend was paid to the State in 2020.

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2020 UNIVERSAL REGISTRATION DOCUMENT