FFP_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS

Consolidated financial statements

NOTE 30

RELATED-PARTY TRANSACTIONS

30.1 ASSOCIATES

At 31 December 2017, the balance of the current-account advance granted by FFP to Redford USA II Holdings was €2,275 thousand, and the balance of that granted to OPCI Lapillus II was €1,444 thousand. Those advances bear interest at annual rates of 8% and 1% respectively.

30.2 RELATED PARTIES THAT HAVE SIGNIFICANT INFLUENCE OVER THE GROUP

No transactions are carried out with any directors or officers or any shareholder owning more than 5% of FFP’s capital.

NOTE 31

EXECUTIVE COMPENSATION

31/12/2017

31/12/2016

(in thousands euros)

Attendance fees paid to members of the Board of Directors

660

652

Compensation paid to directors and officers

1,442 2,102

1,048 1,700

TOTAL

5 .1

NOTE 32

OFF-BALANCE SHEET COMMITMENTS

31/12/2017

31/12/2016

(in thousands euros)

Reciprocal commitments Undrawn credit facilities

519,000

409,000

1,261

1,555

Pre-orders of wine on an “en primeur” basis

Commitments given

-

-

50,319

56,148

Collateral given for borrowings

Other commitments At 31 December 2017: O borrowings amounting to €7,000 thousand were secured by a first mortgage on real estate owned by Château Guiraud; O borrowings amounting to €2,500 thousand were secured by wine inventories.

Securities pledged as collateral for borrowings from financial institutions: O 5,683,192 Peugeot SA shares pledged to BNP Paribas as security for a €47,000 thousand loan taken out by FFP.

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FFP

2017 REGISTRATION DOCUMENT