EURAZEO_REGISTRATION_DOCUMENT_2017

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CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

As of December 31, 2017, the change in fair value of these assets breaks down as follows:

Change in fair value through profit or loss

Change in consolidation scope

Acquisition/ Disposal

12/31/2016

12/31/2017

(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

-

92,243 129,212 221,455

- - -

523,968 352,866 876,834

Moncler

(170,365) (170,365)

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

(23,062)

3,678

-

29,811

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

29,220

40,900

- -

237,151 157,139 148,118 572,219

Eurazeo Development Other unlisted assets Total unlisted securities

731

7,736

(38,520) (31,631)

(13,408) 38,906 260,361 (2,902) 257,459

27,050 27,050 27,050

Financial assets at fair value through profit or loss

1,363,638

(201,996)

1,449,053

Debt instruments at amortized cost

74,215

6,311

-

77,624

TOTAL FINANCIAL ASSETS

1,437,853

(195,685) 248,654 (439,281) (23,531)

27,050

1,526,677

Additions Disposals

Change in payables to suppliers of PP&E

Contribution of securities

20,767

Accrued interest

7,933

Other changes/reclassifications Foreign currency translation

(9,679)

(548)

The bases for determining the fair value of financial assets are presented in Note 16.8, Financial Assets and Liabilities, of the Accounting principles and methods note.

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2017 Registration document

Eurazeo