SFIL Annual financial report 2018

Consolidated financial statements in accordance with IFRS I 3 101 Annual Financial Report 2018 SFIL Management report Report on corporate governance Consolidated financial statements in accordance with IFRS Annual financial statements in accordance with French GAAP Shareholders’ Meeting of May 29, 2019 General information 7.4.2. Breakdown of liabilities, excluding equity 12/31/2018 Sight Less than 3 months 3 months to 1 year 1 to 5 years More than 5 years No fixed maturity Total broken down Central banks - - - - - - - Financial assets at fair value through net income - Hedging derivatives - - - - - - Due to banks at amortized cost 453 123 942 413 - 1,931 Customer borrowing and deposits at amortized cost - - - - - - Debt securities at amortized cost - 1,974 2,745 19,362 32,092 - 56,173 Fair value revaluation of portfolio hedge - - - - - - - Tax liabilities - - 8 - - - 8 Accruals and other liabilities - 1,239 67 15 110 - 1,430 Provisions - - - 20 - - 20 Subordinated debt - - - - - - - TOTAL - 3,666 2,943 20,339 32,615 - 59,562 12/31/2018 Total broken down Accrued interest Fair value adjustment Total Central banks - - - - Financial assets at fair value through net income - 74 1,155 1,229 Hedging derivatives - 205 5,929 6,134 Due to banks at amortized cost 1,931 1 (4) 1,928 Customer borrowing and deposits at amortized cost - - - - Debt securities at amortized cost 56,173 820 3,076 60,068 Fair value revaluation of portfolio hedge - - 343 343 Tax liabilities 8 - - 8 Accruals and other liabilities 1,430 (1) - 1,429 Provisions 20 - - 20 Subordinated debt - - - - TOTAL 59,562 1,099 10,499 71,159 7.4.3. Net liquidity gap 12/31/2018 Sight Less than 3 months 3 months to 1 year 1 to 5 years More than 5 years No fixed maturity Total not broken down Total MONTANT 1,941 424 2,069 (1,405) (1,164) - (303) 1,563 This table presents the balance sheet at the closing date; it does not take into account the management decisions that will make it possible to manage differences in maturity or the future production of assets and liabilities. SFIL Group’s liquidity is provided by its refinancing agreement with its shareholders and by issue Euro medium term notes and certificates of deposit. In addition, the Company may obtain funding from the Banque de France, by giving certain of these assets in guar- antee. Caisse Française de Financement Local can thus obtain funding from the Banque de France enabling it to reimburse obligations foncières when they arrive at maturity; the assets given in guarantee are therefore excluded (as well as the matured bonds) from the calculation of the solvency ratio, which remains practically unchanged.