GECINA - REFERENCE DOCUMENT 2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

On August 29, 2017, the identifiable assets, the liabilities included, the off-balance sheet elements, and any liabilities of Eurosic were evaluated at fair value, in particular concerning the following: the investment properties, ■ the hotel operating investments, ■ financial debts. ■

Consequently, the opening balance sheet presents as follows:

EUROSIC 08/29/2017

(In €’000)

NON-CURRENT ASSETS Investment properties

5,807,196 4,235,387

Properties under reconstruction

963,076 179,982

Operating properties Other tangible assets

03

3,580

Intangible assets

568

Financial receivables on financial leases

235,301

Financial fixed assets

4,286

Equity-accounted investments

159,828 15,362

Non-current derivatives Deferred tax assets CURRENT ASSETS Properties for sale Buildings in inventory

9,826

658,662 62,120 159,660 24,144 41,571

Trade receivables Other receivables Prepaid charges Current derivatives

7,244 4,897

Cash and cash equivalents

359,026

TOTAL ASSETS

6,465,858

EUROSIC 08/29/2017

(In €’000)

NON-CONTROLLING INTERESTS NON-CURRENT LIABILITIES

39,838

2,287,436 2,269,456

Non-current financial debts Non-current derivatives Deferred tax liabilities Non-current provisions CURRENT-LIABILITIES Current financial debts

3,320

12,637

2,023

1,081,840 865,891

Current derivatives Sécurity deposits

410

36,558 63,342 23,973 91,666

Trade payable

Current tax and social security liabilities

Other payables

TOTAL LIABILITIES

3,409,114

NET ASSET

3,056,744

69

GECINA - REFERENCE DOCUMENT 2017