RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

Revenue is detailed in the table below by business segment and geographic zone of the consolidated companies.

12/31/2016

12/31/2017

Amount

%

Amount

%

(in thousands of euros)

SALES OF MERCHANDISE

2,693,851

100% 1,935,932

100%

Rubis Terminal

154,899 235,368

5.8% 8.7%

156,091 206,439

8.1%

Rubis Énergie Europe Rubis Énergie Caribbean

10.7% 57.7% 18.3%

1,441,982

53.5% 19.4% 12.6%

1,117,439

Rubis Énergie Africa

523,297 338,306

354,733 101,230

Rubis Support and Services

5.2%

Parent company REVENUE FROM MANUFACTURING OF GOODS AND SERVICES

1,238,801

100% 1,067,948

100% 12.4% 28.9%

Rubis Terminal

174,023 320,099 29,605 158,253 547,712

14.0% 25.8%

132,125 308,425 25,292 140,728 461,378

Rubis Énergie Europe Rubis Énergie Caribbean

2.4%

2.4%

Rubis Énergie Africa

12.8% 44.2%

13.2% 43.2%

Rubis Support and Services

Rubis Support and Services Africa

9,054

0.7% 0.0%

Parent company

55

TOTAL

3,932,652

3,003,880

5.2 PURCHASES CONSUMED

12/31/2016

12/31/2017

(in thousands of euros)

Purchase of raw materials, supplies and other materials

295,295 (4,575) (16,697) 19,073

255,279 (25,002)

Change in inventories of raw materials, supplies and other materials

Goods-in-process inventory

5,055

Other purchases

20,952

Merchandise purchases

2,399,331

1,794,917

Change in merchandise inventories

991

(19,166)

Provisions net of reversals of impairment for raw materials and merchandise

2,402

(366)

TOTAL

2,695,820

2,031,669

5.3 PERSONNEL COSTS

The Group’s personnel costs break down as follows:

12/31/2016

12/31/2017

(in thousands of euros)

Salaries and wages

131,025

122,275

Top Management compensation Social security contributions

3,281

3,327

59,186 193,492

54,317 179,919

TOTAL

The Group’s average headcount breaks down as follows:

Average headcount of fully consolidated companies by category

12/31/2017

Executives

560

2017 Registration Document I RUBIS

Employees and workers Supervisors and technicians

2,112

739

TOTAL

3,411

219