GECINA - REFERENCE DOCUMENT 2017
ANNUAL FINANCIAL STATEMENTS
Notes to the annual financial statements at December 31, 2017
4.3.4
NOTES ON THE BALANCE SHEET ITEMS
Fixed assets
4.3.4.1
GROSS VALUE OF ASSETS
Gross brought forward
Transfers between items Acquisitions Decreases
Gross carried forward
In €’000
INTANGIBLE ASSETS Concessions, licenses TANGIBLE FIXED ASSETS
6,196 6,196
1,316 1,316 28,912
7,511 7,511
4,265,607 2,165,592 1,748,114
128,815 61,017 56,918
4,165,703 2,104,775 1,722,174 25,421 10,676 258,544 44,113 8,693,057 4,785,704 2,425,207 1,131,054
Land
200
Buildings
9,378
21,600
Buildings on third party land Other tangible assets Merger losses on land Fixed assets in progress FINANCIAL INVESTMENTS
27,779
2,358
8,038
2,642
4
267,063 49,021 4,301,376 2,372,777 1,565,108
8,518
(9,378)
4,470
4,523,084 2,412,927
131,403
04
Equity investments
Receivables related to equity investments
986,320 126,220
Other financial investments
21,587 178,728
1,114,336
4,869
Loans
152
85
178,795 10,006 96,773 65,519
Other financial investments Merger losses on securities
884
9,350
229
96,773 65,519
Advances on property acquisitions
TOTAL
8,573,179
4,553,311 260,218 12,866,272
GEC 22 for €124 million; ■ Michelet Levallois for €113 million; ■ GEC 7 for €106 million; ■ Immobilière et Commerciale de Banville for €100 million. ■ The other equity investments consist of: subordinated bonds redeemable in shares (OSRA) ■ acquired with the Eurosic SA shares in the amount of €890 million; treasury shares, for €241 million (see Note 4.3.4.4). ■ Loans include a participating loan arranged in 2010 with the Spanish subsidiary SIF Espagne for €178 million. Other financial fixed assets include coupons accrued on Eurosic OSRA (subordinated bonds redeemable in shares) for €9 million.
Changes in equity investments mainly concern: the acquisition of Eurosic SA’s shares in the amount of ■ €2.4 billion; the acquisition of SCI Des Vaux’s shares in the amount of ■ €38 million; Receivables related to equity investments mainly cover long-term financing set up by Gecina with its subsidiaries, in the form of long-term shareholder loans.
The largest loans are for: Eurosic for €444 million; ■
Avenir Danton Défense for €315 million; ■ Avenir Grande Armée for €215 million; ■ Tour City 2 for €185 million; ■
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GECINA - REFERENCE DOCUMENT 2017
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