SFIL Annual financial report 2018

3 I Consolidated financial statements in accordance with IFRS 94 SFIL Annual Financial Report 2018 6.4 - OTHER COMMITMENTS 12/31/2017 12/31/2018 Commitments given (1) 4,826 4,949 Commitments received (2) 226 223 (1) It concerns the value of a group of loans pledged to Caisse des dépôts et consignations. (2) It mainly concerns a loan granted to a credit institution and guaranteed by a public sector entity. 6.5 - FINANCING COMMITMENTS AND OTHER COMMITMENTS GRANTED Financing as of December 31, 2018 commitments and financial guarantees under IFRS 9 Commitments and financial guarantees measured at fair value as of December 31, 2018 Gross amount Impairment Net amount Nominal amount Accumulated negative changes in fair value due to credit risk on non- performing commitments Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Granted to credit intitutions - - - - - - - - - - Granted to customers 6,289 23 - 6,312 (1) (0) - 6,311 - - TOTAL 6,289 23 - 6,312 (1) (0) - 6,311 - - 7. Notes on risk exposure (EUR millions) 7.1 - FAIR VALUE This note presents the fair value adjustments that are not recognized, in income or in equity, because they correspond to assets or liabilities valued at amortized cost in the IFRS accounts. These fair value adjustments take into account the features of the relevant assets and liabilities (maturity, hedging of interest rate risk, amortization profile, and, for assets, their rating); they also take into account current market conditions in terms of price or spread of these same operations, or operations to which they could be assimilated. The breakdown of assets and liabilities as a function of the method used to determine their fair value is shown in Note 7.1.3. below; it can be seen that most assets are valued according to a technique that takes into account the fact that significant parameters are not observable for the assets since the exposure primarily consists of loans, a form of debt that is not listed on liquid markets. For the valuation of liabilities, certain observable parameters have been used. These fair values provide interesting information but are not relevant for drawing conclusions on the value of the company or on the income generated in the future. The assets and liabilities stand out for being consistent in rates and maturity and moreover are intended to be maintained on the balance sheet until their maturity, given the specialized activity of the company.