AFD - Universal Registration Document 2020

ADDITIONAL INFORMATION 9

Appendix 3 – AFD simplified income statement based on French GAAP

9.7 Appendix 3 – AFD simplified income statement based on French GAAP

AFD income statement 2019-2020

Expenses (in millions of euros) Expenses on borrowings P Interest on borrowings P Expenses on swaps P Net foreign exchange balance

2020

2019 Change Income

2020

2019 Change

1,166 1,283 -117 Income on loans and guarantees 1,560 1,612 -52

P Interest and commissions on loans and guarantees

502 571 -69

907 952 -45 725 780 -55 127 -2 129 -34 -1 -33

651 716 -65 P Income on swaps

13 -3 17 P Net provisions for unpaid interest

P Loss of interest income P Net provisions for sovereign outstandings P Recoveries on subsidy account for SAL and mixed loan-grants P Repayment of Proparco margin

-105 -64 -42

6

5

1

-64 -58

-6

Subsidies

238 223 15 2 17 -15 1 10 -9

Investment income

Income from equity stakes Commissions on operations 103 119 -17 P AFD fees, donations, SAS, SAL, C2D 74 97 -23 P Other commissions 29 23 7

Miscellaneous financial expenses Expenses on IMF-PRGF transaction TOTAL EXPENSES ON BANKING OPERATIONS

11 18 -7 Ancillary income and miscellaneous 2 -1 Income from IMF-PRGF transaction 1

80 69 11

1

2 -1

TOTAL INCOME ON BANKING OPERATIONS Net of expenses on IMF-ESAF transaction

1,178 1,303 -125

1,985 2,053 -68

Net of income from IMF-PRGF transaction

1,177 1,301 -124 806 750 57 445 434 10 314 294 20 205 190 15

1,983 2,051 -67

Net banking income Overheads Staff costs

P Employee benefits expense P Wages and bonuses

P Social security contributions and expenses P Taxes and similar payments on remuneration P provisions for retirement – employee benefits P Profit sharing

83 78 9 10

5

-1

19 18

1

7

8

-1

P Rebilling banks’ staff P Taxes and similar payments P Other general expenses

-8 -9

1 0

7

7

123 133 -10

Depreciation/amortization and impairment of property, plant, equipment and intangible assets (net) Total expenses on non-banking operations

24 33 469 467

-8

2

Gross operating income

338 283 55 -191 -117 -74

Cost of risk

Net provisions for impairments for unpaid interest

-10 -65 55 Net provisions for risk and expenses -165 -47 -119

Capital losses on bad debts

-15 -6 -10 146 166 -19 -40 -5 -35 107 160 -54

Operating income

Gains or losses on fixed assets Income from operations Net exceptional transactions

-1

0 0

-1

Corporate tax NET INCOME

0

0

106 160 -55

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2020 UNIVERSAL REGISTRATION DOCUMENT