DERICHEBOURG - Universal registration document 2018-2019

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Financial statements Parent company financial statements as at September 30, 2019 Explanatory notes to the financial statements

Increases, decreases in future tax payables 3.12

Type of temporary differences In thousands of euros

Base

Income tax amount

Increases Regulated provisions

8

3

Releases of provision for investments Accelerated depreciation Translation differences, assets Total increases

3

Decreases Social security contribution Tax loss carry forwards (1)

260,021

89,525

Investment Translation differences, liabilities

4,023

1,385

Total decreases

90,910

Company deficit as if it were taxed separately. Tax consolidation losses: €0 million. (1)

Income tax rate is as follows: 33.33% + social contribution of 3.30%, i.e. 34.43%.

Financial commitments 3.13 Off-balance sheet commitments in the ordinary course of business 3.13.1

Commitments given In thousands of euros

Amount

Financial guarantees

63,005

Commitments in respect of the liability of partners in SCIs Total

63,005

Off-balance sheet commitments given as part of indebtedness 3.13.2 As part of the 2014 syndicated loan taken out for a principal amount of €232.5 million by Derichebourg SA, a pledge on financial instruments had been authorized as a guarantee of the payment of the sums due to the lending banks. This pledge of securities was released during the fiscal year.

Off-balance sheet commitments in respect of subsidiaries 3.13.3

Commitments given In thousands of euros

Amount

Guarantees given for subsidiaries (1)

60,567

Other commitments given Total

60,567

Companies for which guarantees have been given. (1)

DERICHEBOURG p 2018/2019 Universal Registration Document 188