RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

4.5.1 Non-current financial assets Other financial assets notably include equity interests, other long-term receivables from

investments, long-term securities, long-term loans, long-term deposits and guarantees

and long-termmarketable securities that are not considered cash or cash equivalents.

Gross value (in thousands of euros)

12/31/2016

12/31/2017

Equity interests

28,530 13,606

3,340

Other receivables from investments

51,066

Long-term securities

1,491 7,786

1,602

Loans, deposits and guarantees TOTAL OTHER FINANCIAL ASSETS

37,968 93,976 (1,378) 92,598

51,413 (1,398) 50,015

Impairment NET VALUE

The change in loans, deposits and guarantees paid corresponds essentially to the repayment of a deposit of US$32.5 million established in 2014 as collateral for a bank loan in US dollars received by the Rubis Terminal Petrol entity while it was a joint venture. This funding was repaid and the guarantee was removed following the acquisition. The balance as at December 31, 2017 essentially consists of the guarantees granted to petroleum products suppliers.

Investments in non-controlled entities correspond mainly to: • shares of the EIG held by Rubis Antilles Guyane; • non-controlling interests held by Rubis Energia Portugal in 2 entities in Portugal; • stock in FCG, a subsidiary of Rubis Énergie, fully consolidated in 2018. Since the stock repurchase happened in late December 2017, this new activity was not consolidated in 2017; • Stock in Zeller & Cie, acquired in late December 2017 by Rubis Terminal and

consolidated as a joint venture from January 1, 2018 forward. Other receivables from investments include the effects of earn-out clauses included in certain transactions undertaken by the Group, as well as advances made to EIGs or joint operations. The change recognized during the period is attributable in the amount of €38 million to the purchase of the additional 50% of Rubis Terminal Petrol (formerly Delta Rubis Petrol), as described in note 3.2. It corresponds to the unwinding of receivables on the former joint venture partner.

4.5.2 Other current financial assets Current financial assets include the short-

• advances and deposits paid in order to purchase new operations; • prepaid expenses; • marketable securities that cannot be

considered as cash or cash equivalents; • hedging instruments at fair value.

term portion of the following assets: • receivables from investments; • loans and deposits and guarantees;

12/31/2016

12/31/2017

(in thousands of euros)

Other receivables from investments Loans, deposits and guarantees GROSS CURRENT FINANCIAL ASSETS Impairment NET CURRENT FINANCIAL ASSETS

3,438 3,438

2,010 2,010

3,438 2,138

2,010 3,172

Fair value of financial instruments

Other receivables – advances and deposits Prepaid expenses

27,601 29,739 33,177

14,061 17,233 19,243

CURRENT ASSETS

TOTAL OTHER CURRENT ASSETS

Loans, deposits and guarantees include advances and deposits paid for the acquisition of new operations.

2017 Registration Document I RUBIS

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