RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

4.10.2 Derivative financial instruments

Nominal amount hedged

Type of instrument

Market value as of 12/31/2017

Hedges/hedging/entity

Item hedged

Maturity

(in thousands of euros)

Rate

Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan Loan

€30M €25M €25M €10M

03/2020 09/2020 09/2026 12/2019 12/2019 06/2018 11/2019 01/2022 12/2019 07/2020 05/2022 01/2020 02/2022 02/2023 03/2024 05/2022 05/2022 07/2018 07/2018

swap swap

(252) (413)

Rubis Terminal

cap

373 (88) (36) (16)

Rubis Énergie

swap swap swap swap swap swap swap swap swap swap swap swap swap swap swap swap

€8M €9M

€50M €37M

(423) (300) (367) (116) (487) (359)

€100M €30M €66M €42M €75M €75M €50M €50M €100M

(73)

34

(274)

(16) (11)

Rubis Antilles Guyane

€1M €0M

(4) (1)

Propane Rubis Énergie

03/2018 to 10/2019

Propane purchases

16,905 t

swap

1,719

TOTAL FINANCIAL INSTRUMENTS

€783 MILLION

(1,111)

The fair value of derivative financial instruments carried by the Group includes a “counterparty risk” component for derivative assets and an “own credit risk” component

for derivative instrument liabilities. Credit risk is assessed using conventional mathematical models for market participants. Adjustments recorded in respect of counterparty risk and

own credit risk as of December 31, 2017 were not material.

Interest rate risk

Maturity

Total amount of lines (in thousands of euros)

Less than 1 year 70,339 139,684

Between 1 and 5 years

More than 5 years

Existence or not of a hedge

Characteristics of loans contracted

Rate

Euros

Fixed rate

197,724

123,709 955,285

3,676

Variable rate Fixed rate Variable rate

1,177,469

82,500

YES

Pula

906

477 108

429

Swiss francs

Fixed rate

2,464

2,356 8,175 2,702

Variable rate

14,100

5,925

Rands

Fixed rate

3,377

675

Variable rate

US dollars

Fixed rate

32,131

3,561 5,866 2,115

28,570

Variable rate

8,251 9,516

2,385 7,401

Jamaican dollars

Fixed rate

Variable rate

TOTAL

1,445,938

228,750

1,131,012

86,176

2017 Registration Document I RUBIS 212

Interest rate risk for the Group is limited to the loans obtained. None of the Group’s loans to date is likely to be repaid due to the enforcement of covenants.