EURAZEO_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Financial assets 8.2 As disclosed in the section “Basis of preparation of the consolidated financial statements”, the only impact of the adoption of IFRS 9 on financial assets concerns the classification of assets previously recognized in the “available-for-sale” category and therefore measured at fair value through other comprehensive income. The classification of financial assets pursuant to IFRS 9 is presented in the following table:

IAS 39 classification

Pro forma IFRS 9 classification

12/31/2016 Net carryng amount

Available- for-sale financial assets

Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss

Debt instruments at amortized cost

(In thousands of euros)

Fair value by direct reference to published prices in an active market (Level 1) AccorHotels

431,725 394,019 825,744

- - -

431,725 394,019 825,744

431,725 394,019 825,744

- - -

Moncler

Listed securities

Fair value according to valuation techniques based on observable data (Level 2) Colyzeo and Colyzeo II Fair value according to valuation techniques based on non-observable data (Level 3) Eurazeo Croissance

49,195

49,195

-

49,195

-

167,031 148,672 247,211 612,109

167,031 148,672 247,211 612,109 612,109

- - - -

167,031 148,672 172,996 537,894

- -

Eurazeo Development Other unlisted assets

74,215 74,215 74,215

Unlisted securities FINANCIAL ASSETS

1,437,853

825,744

1,363,638

1,437,853

1,437,853

As of December 31, 2017, the fair value of financial assets breaks down as follows:

Change in fair value (cumulative)

12/31/2016 Net carrying amount

4

12/31/2017 Net carrying amount

Acquisition cost

through profit or loss

fair value reserve impairment

(In thousands of euros)

Fair value by direct reference to published prices in an active market (Level 1) AccorHotels

523,968 352,866

406,684 194,335

117,284 158,531 275,815

- - -

- - -

431,725 394,019 825,744

Moncler

Listed securities

876,834 601,019

Fair value according to valuation techniques based on observable data (Level 2) Colyzeo and Colyzeo II Fair value according to valuation techniques based on non-observable data (Level 3) Eurazeo Croissance

29,811

36,456

5,062

1,106

(12,813)

49,195

237,151 157,139 148,118

188,096 149,403 953,362

40,900

14,000

(5,846)

167,031 148,672 172,996 537,894

Eurazeo Development Other unlisted assets

7,736 3,615

-

-

(6)

(808,852)

Unlisted securities

572,219 1,327,317

57,313

15,100 (827,511) 15,100 (827,511)

Financial assets at fair value through profit or loss

1,449,053 1,928,336 333,128

1,363,638

Debt instruments at amortized cost

77,624

116,245

-

-

(38,621)

74,215

FINANCIAL ASSETS

1,526,677 2,044,581

333,128

15,100 (866,132)

1,437,853 1,392,442

Financial assets – non-current Financial assets – current

1,507,894

18,783

45,411

229

Eurazeo

2017 Registration document