AFD - Universal Registration Document 2020

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS 7 Notes to the financial statements at 31 December 2020

NOTE 19 Assets and liabilities in foreign currencies (1)

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Amount of assets denominated in foreign currencies (2) Amount of liabilities denominated in foreign currencies (2)

9,074,770 7,220,912

9,593,054 7,936,026

(1) Excluding IMF transactions and off-balance sheet hedging transactions, as these transactions offset balance sheet positions. (2) In principle, these foreign-currency positions are offset by forward fi nancial instruments recorded off-balance sheet.

NOTE 20 Interest and related income

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Interest and income on transactions with credit institutions (1)

477,958 274,049

502,234 301,119

Interest on loans

Interest on short-term investments

-7,067

3,453

Income from forward financial instruments

210,977 596,049 17,632 2,929 14,703 535,818 535,818

197,661 569,777 20,597 17,276 617,760 617,760 3,321

Interest and income on transactions with customers (1) Interest and income on bonds and other fixed-income securities

Short-term investments Investment securities

Other interest and similar income Income from forward financial instruments

TOTAL 1,710,367 (1) The amount of net reversals of provisions for interest on non-performing loans, adjusted for losses on interest on bad loans, was +€95,186K at 31/12/2020 compared with -€5,894K at 31/12/2019. This €95M change is mainly related to the decrease in doubtful sovereigns in connection with the signature of a debt restructuring agreement between the French Republic and a sovereign state. 1,627,457

Pacific Collectivities

DOM 13%

Abroad

Breakdown of interest on loans by geographical area:

0%

87%

NOTE 21 Interest and related expenses

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Interest and expenses on transactions with credit institutions

679,622

743,353

Interest on accounts payable

3,542

3,492

Expenses on forward financial instruments

676,080

739,862

Interest on borrowings

-

-

Interest and expenses on transactions with customers

1,596 1,596

522 522

Interest on subordinated debts

Other interest and expenses on transactions with customers Interest and expenses on bonds and other fixed-income securities Interest on interbank market securities and negotiable debt securities

-

-

518,842

599,420

-1,578

-1,648

Interest on bonds

518,318

598,968

Interest on lowest-ranked subordinated debt Other interest and similar income Expenses on forward financial instruments

2,103

2,100 -1,326 -1,326

-11,462 -11,462

Interest on allocated public funds

-

-

TOTAL

1,188,598

1,341,969

200

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2020 UNIVERSAL REGISTRATION DOCUMENT