AFD - Universal Registration Document 2020

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

NOTE 22 Commission income and expenses

December Ǿ 2020

December Ǿ 2019

In thousands of euros Commission income

124,100

133,792 113,137 17,964

from grants

96,313 25,233

from processing

other

2,554 2,227

2,691

Commission expenses

766

NOTE 23 Gains or losses on investment portfolio transactions

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Balance of investment portfolio transactions

-2,304

-225

Capital gains on disposals Capital losses on disposals

0

38

2,203

2,789 2,530

Reversals of provisions for depreciation

4

Provisions for depreciation

104

4

NOTE 24 Other income on banking operations

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Other income on banking operations

329,654 242,787

307,992 229,591 77,081

Subsidies

Other banking income

86,867

Net foreign exchange gains

0

1,320

NOTE 25 Other expenses on banking operations

December Ǿ 2020

December Ǿ 2019

In thousands of euros

Other expenses on banking operations

82,507 82,221

69,702 69,702

Other operating expenses Net foreign currency losses

7

286

0

NOTE 26 Overheads – Personnel costs

December Ǿ 2020

December Ǿ 2019

In thousands of euros Wages and bonuses

205,994 82,593

190,233 77,880

Social security expenses

Profit sharing

9,304

9,817

Taxes and similar payments on remuneration

18,650 5,842 -8,133

17,870 7,865 -9,491

Provisions/reversal of provisions

Rebilling banks’ staff

TOTAL

314,250

294,175

201

2020 UNIVERSAL REGISTRATION DOCUMENT

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