AFD - Universal Registration Document 2020

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS 7 AFD’s financial results over the last five financial years

NOTE 35 Investments held inmanaged funds (1)

Number of equity stakes

Purchase price

Fund source

Caisse d’investissement des DOM (CIDOM)

2 5 6 2

1,330

Fonds d’investissement et de dévelop. économique et social (FIDES)

642 236

Fonds d’investissement des DOM (FIDOM)

Other Government resources

3,683 5,891

TOTAL

15

(1) This information does not appear in the publishable off-balance sheet.

NOTE 36 Executive compensation Gross annual compensation allocated to corporate officers is €377,456.

NOTE 37 Corporate income tax Only income from property and from representing mainland credit institutions in the French Overseas Departments, as well as AFD’s refinancing activity with regard to its Proparco subsidiary, are subject to corporation tax.

NOTE 38 Risk exposure AFD operates on its own behalf in forward financial markets as part of its own activities and those delegated to it by the French State. These transactions are undertaken within the limits authorised by General Management with the agreement of the Board of Directors.

7.4 AFD’s financial results over the last five financial years

2020 5,253

2019 5,148

2018 5,017

2017 4,794 568.5 214.6 4.48% 0.52%

2016 4,607

Capital + Retained earnings + Income (in millions of euros)

Net banking income (in millions of euros)

806 106

750 160

637 145

539 138

Net income (in millions of euros)

Net income/capital + Ǿ retained earnings + Ǿ income

2.01% 0.20%

3.11% 0.33%

2.90% 0.32%

3.00% 0.37%

Net income/balance sheet total Staff Number of employees (average) Total payroll costs (in millions of euros)

2,537

2,379

2,187 1,978.33

1,811

314

294

261

236

210

21

21 29

20 43

21 28

16 36

of which social and cultural initiatives (in millions of euros)

Dividends paid

0

204

www.afd.fr

2020 UNIVERSAL REGISTRATION DOCUMENT