SFIL Annual financial report 2018

Annual financial statements in accordance with French GAAP I 4 121 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 2.2.4. Analysis by type of portfolio excluding accrued interest and changes during the year Portfolio Net amount as of 12/31/2017 Gross amount as of 12/31/2017 Increases Decreases Others Con- version differ- ences Impair- ment as of 12/31/2018 Net amount as of 12/31/2018 (1) Unrealized capital gain or loss as of 12/31/2018 (2) Trading - - - - - - - - - Placement 124 124 - - (1) - - 123 0 Investment - - - - - - - - - TOTAL 124 124 - - (1) - - 123 0 (1) This amount includes a discount / surplus of EUR 2 million. (2) The unrealized capital gain or loss is calculated as the difference between the book value and the market value, taking derivatives into account. 2.3 - LOANS AND ADVANCES DUE FROM BANKS 2.3.1. Sight loans and advances due from banks Amount as of 12/31/2017 Amount as of 12/31/2018 Sight accounts 6 4 Unallocated sums - - TOTAL 6 4 2.3.2. Time loans and advances due from banks This item consists of loans to Caisse Française de Financement Local in the amount of EUR 4,943 million (excluding accrued interest). 2.3.2.1. Accrued interest included in this item: (2) 2.3.2.2. Analysis by residual maturity excluding accrued interest Less than 3 months 3 months to 1 year 1 year to 5 years More than 5 years Total 253 123 2,804 1,763 4,943 2.3.2.3. Analysis by initial maturity excluding accrued interest Net amount as of 12/31/2017 Gross amount as of 12/31/2018 Impairment as of 12/31/2018 Net amount as of 12/31/2018 Loans of less than 1 year 200 200 - 200 Loans of more than 1 year 4,621 4,743 - 4,743 TOTAL 4,821 4,943 - 4,943 2.3.2.4. Breakdown by counterparty Amount as of 12/31/2017 Amount as of 12/31/2018 Loans to Caisse Française de Financement Local 4,821 4,943 TOTAL 4,821 4,943 2.4 - CUSTOMER LOANS AND ADVANCES 2.4.1. Accrued interest included in this item: 2 2.4.2. Analysis by residual maturity excluding accrued interest Less than 3 months 3 months to 1 year 1 year to 5 years More than 5 years Total - - - 1,035 1,035 2.4.3. Analysis of commitments by the counterparty’s economic sector excluding accrued interest Economic sector Amount as of 12/31/2017 Amount as of 12/31/2018 Export credit 197 1,032 Other sectors (1) 7 3 TOTAL 204 1,035 (1) This concerns loans granted to employees of SFIL