PSA_GROUP_REGISTRATION_DOCUMENT_2017

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

INTEREST RECEIVED AND PAID BY THE MANUFACTURING AND SALES COMPANIES 16.4. Interest received and paid by manufacturing and sales companies is included in funds from operations, and is as follows:

2017

2016

(in million euros)

Interest received

32

86

Interest paid

(287) (255)

(377) (291)

NET INTEREST RECEIVED (PAID)

DETAIL OF CASH FLOW FROM OPERATIONS TO BE CONTINUED IN PARTNERSHIP 16.5.

2017

2016

(in million euros)

Other expenses related to the non-transferred financing of operations to be continued in partnership Change in liabilities related to the financing of operations to be continued in partnership NET CASH RELATED TO THE NON-TRANSFERRED DEBT OF FINANCE COMPANIES TO BE CONTINUED IN PARTNERSHIP Change in assets and liabilities of operations to be continued in partnership Net dividends received from operations to be continued in partnership NET CASH FROM THE TRANSFERRED ASSETS AND LIABILITIES OF OPERATIONS TO BE CONTINUED IN PARTNERSHIP Profit (loss) from operations to be continued in partnership

-

(11)

-

(2,299)

-

(2,310)

(7)

204 759

- -

(120)

(7)

843

DETAIL OF FREE CASH FLOW FROM MANUFACTURING AND SALES OPERATIONS 16.6. Operational free cash flow includes cash flows generated by operations net of investing activities excluding non-recurring items. It is determined as follows:

2017

2016

(in million euros)

Net cash from (used in) operating activities of continuing operations Net cash from (used in) investing activities of continuing operations

5,213

4,937

(4,713)

(2,673)

Dividends received from Banque PSA Finance

-

434

Free cash flow

500

2,698

Minus, net cash from non-recurring operating operations

(1,054)

164

OPERATIONAL FREE CASH FLOW FROM MANUFACTURING AND SALES OPERATIONS

1,554

2,534

Non-recurring operational cash flows mainly include cash flows from restructuring and changes in equity investments.

231

GROUPE PSA - 2017 REGISTRATION DOCUMENT