RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

4.5.3 Other non-current assets Gross value (in thousands of euros)

1 to 5 years

Over 5 years

Uncalled share capital

83 28

Other receivables (long-term portion) Prepaid expenses (long-term portion)

223

4,425 4,536

TOTAL

223

4.5.4 Trade and other receivables (current operating assets)

ACCOUNTING POLICIES Trade receivables, generally due within a period of one year, are recognized and accounted for at the initial invoice amount less an allowance for impairment recorded as the amount deemed to be unrecoverable. Doubtful receivables are estimated when there is no longer any probability of recovering the entire receivable. Impaired receivables are recorded as losses when they are identified as such.

Trade and other receivables include the short-term portion of trade receivables and related accounts, employee receivables, government receivables, and other operating receivables.

Gross value (in thousands of euros)

12/31/2016

12/31/2017

Trade and other receivables Employee receivables Government receivables Other operating receivables

412,942

271,773

492

489

43,568 94,166

50,735 91,410

Deferred revenue TOTAL

551,168

414,407

Other operating receivables include €64 million (€71 million in 2016) of current accounts for joint ventures.

Impairment (in thousands of euros)

Changes in consolidation Allowances

12/31/2016

Reversals Reclassifications

12/31/2017

Trade and other receivables Other operating receivables

27,873

5,976

3,746

(6,101) (1,185) (7,286)

(6)

31,488

4,939

1

210

3,965

TOTAL

32,812

5,977

3,956

(6)

35,453

The main changes in scope are as follows: • the acquisition of the additional 50% of Rubis Terminal Petrol (formerly Delta Rubis Petrol) for €4.7 million; • the acquisition of Dinasa’s operations in Haiti for €0.4 million; • the acquisition of Galana’s operations in Madagascar for €0.9 million.

RECONCILIATION OF CHANGE IN WORKING CAPITAL WITH THE STATEMENT OF CASH FLOWS

Net carrying amount as of 12/31/2017 Net carrying amount as of 12/31/2016

515,715 381,595 (134,120)

CHANGE IN TRADE AND OTHER RECEIVABLES ON THE BALANCE SHEET

Impact of change in the scope of consolidation

126,917 (31,371) (13,883)

Impact of foreign exchange differences

Impact of reclassifications

2017 Registration Document I RUBIS 202

Impact of change in called but unpaid capital (in financing) Impact of change in receivables on disposal of assets (in investment) Impact of change in other receivables (long-term portion)

(459) (465)

(13,679) (67,060)

CHANGE IN TRADE AND OTHER RECEIVABLES ON THE STATEMENT OF CASH FLOWS