EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements 4 Notes to the Consolidated Financial Statements 4.6

Contents

GENERAL PRINCIPLES

213

FINANCING AND FINANCIAL INSTRUMENTS NOTE 9

231 231 233 235 236 236 240 240 240 241 241 241 242 242 242 243 243 243 244 244 244 244 245 245 245 246

NOTE 1

1.1

Basis of preparation of the consolidated financial

9.1 9.2 9.3 9.4 9.5

Net debt

statements

213 214

Derivative instruments

1.2

Critical accounting estimates and judgments

Fair value of financial assets and liabilities

Net financial expense

CONSOLIDATION SCOPE NOTE 2

214 214 215 216 216 217 217 217 218 219 219 220

Risk management

2.1

Changes in consolidation scope

PROVISIONS NOTE 10

SEGMENT REPORTING NOTE 3

10.1 10.2

Employee benefit liabilities

Provisions for litigation and other provisions

3.1 3.2

Segment reporting as of December 31, 2017 Segment reporting as of December 31, 2016

INCOME TAX EXPENSE NOTE 11

OPERATING DATA NOTE 4

11.1 11.2 11.3

Proof of tax

Analysis of the capitalization of tax losses

4.1 4.2 4.3 4.4 4.5 4.6

Revenue

Sources of deferred tax

Other income

Trade and other receivables Trade and other payables Other assets and liabilities

EQUITY AND EARNINGS PER SHARE NOTE 12

12.1 12.2

Equity

Operating income and other income and expenses

Earnings per share

EMPLOYEES BENEFITS EXPENSE AND NOTE 5 LIABILITIES

BREAKDOWN OF CASH FLOWS NOTE 13

220

13.1 13.2 13.3 13.4 13.5

Cash assets

5.1

Number of employees and employee benefits

Working Capital Requirement (WCR) components

expense

220 220

Net cash flows from operating activities Net cash flows from investing activities Net cash flows from financing activities

5.2 5.3

Employee benefit liabilities

Management compensation and other transactions

with management (related parties)

222

OTHER INFORMATION NOTE 14

INTANGIBLE ASSETS AND PROPERTY, PLANT NOTE 6 AND EQUIPMENT

223 223 223 224 225

14.1 14.2 14.3

Post-balance sheet events

Group audit fees

6.1 6.2 6.3 6.4

Goodwill

Off-balance sheet commitments

Intangible assets

Property, plant and equipment Impairment losses on fixed assets

LIST OF SUBSIDIARIES AND ASSOCIATES NOTE 15

251

INVESTMENT PROPERTIES

227

NOTE 7

ACCOUNTING PRINCIPLES AND METHODS NOTE 16

269

ASSOCIATES AND FINANCIAL ASSETS NOTE 8

227 227 229

8.1 8.2

Investments in associates

Financial assets

212

2017 Registration document

Eurazeo