PSA_GROUP_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Notes to the consolidated financial Statements at December 2017

Hedging Instruments: Finance Companies B. The different types of hedges and their accounting treatment are described in Note 12.7.B.

The Group does not hedge its net investment in foreign operations. In view of the Group’s hedging policy of the operational currency positions, a change in exchange rates at the level of the finance companies would not have any material impact on consolidated profit or equity. Impact of hedging instruments on income and equity IMPACT OF FAIR VALUE HEDGES

2017

2016

(in million euros)

Gains and losses on remeasurement of hedged customer loans recognised in profit or loss Gains and losses on remeasurement of hedges of customer loans recognised in profit or loss Gains and losses on remeasurement of financial liabilities recognised in profit or loss Gains and losses on remeasurement of hedges of financial liabilities recognised in profit or loss NET IMPACT ON INCOME (LOSS)

-

1

- -

(2) (1)

6

10

(12) (6)

(10)

NET IMPACT ON INCOME (LOSS)

-

The hedging has no effect on equity (other components of comprehensive income).

FINANCIAL INSTRUMENTS 13.5. Financial instruments reported in the balance sheet A.

31 December 2017

Analysis by class of instrument

Instruments at fair value

Available- for-sale financial assets

Loans, receivables and other liabilities

through profit or loss

Borrowings at amortised cost

Carrying amount

Fair value

Derivative instruments

(in million euros)

Other non-current financial assets

23 23 103 103

23 101

-

- -

- -

- -

Other non-current assets

2

Loans and receivables - finance companies Short-term investments - finance companies

331

331

-

-

331

-

-

114 114 85 85 320 320 976 976 415 415

114

- - - - - -

-

- - - -

-

Other receivables

-

83

2

Cash and cash equivalents

320 558

-

-

ASSETS

2

414

2

Financing liabilities - finance companies

- - -

-

415

-

Other payables

81

80 80

-

1

81

LIABILITIES

496 496

415

1

Information about financial assets and liabilities measured at fair value B. The fair values of the marketable securities held by finance companies are at level 2. Information about financial assets and liabilities not measured at fair value C.

31 December 2017

Fair value level

Carrying amount

Fair value

Level 1

Level 2

Level 3

(in million euros)

Assets Loans and receivables - finance companies Liabilities Financing liabilities - finance companies

331

331

-

-

331

406

406

256

-

150

222

GROUPE PSA - 2017 REGISTRATION DOCUMENT