EURAZEO_REGISTRATION_DOCUMENT_2017

5

COMPANY FINANCIAL STATEMENTS Income Statement

Income Statement 5.2

01/01/2017 12/31/2017

01/01/2016 12/31/2016

Notes

(In thousands of euros)

Asset management operations Ordinary income

8

479,257 461,804

470,004

Income from investments

451,140

Income from marketable securities

3,669 13,784

6,614

Other income

12,250

Ordinary expenses

9

(65,438) (37,822)

(62,791) (32,362)

Employee benefits expense

Taxes and levies

(3,642)

(3,961)

Other purchases and expenses

(20,848)

(23,073) (3,395) 407,213

Financial expenses

(3,126)

Gross operating income from ordinary operations

413,818

Non-recurring income from asset management operations

352

124

Foreign exchange gains (losses)

(195)

(575)

Net proceeds from sales of marketable securities

(14)

80

Depreciation and amortization

(1,041)

(1,002)

Charges to provisions

12 12 16

(22,635)

(24,426)

Reversals of provisions and expense reclassifications

9,423

27,417

Income tax expense

-

(13)

Net income from asset management operations Investment transactions Capital gains (losses) on sales of investments

399,708

408,817

10 10 10

233,908

11,882

Capital gains (losses) on sales of portfolio securities (TIAP) Capital gains (losses) on sales of other financial assets

(47)

-

(96,198)

332

Cost of financial asset disposals

(541)

(491)

Investment expenses

(18,964) (107,227) (32,055) 101,956 (31,930) 48,902

(13,955)

Other financial income and expenses

10,581

Charges to provisions Reversals of provisions Income tax expense

12 12 16

(70,888)

47,384 (1,360)

Net income (loss) from investment transactions

(16,515)

Non-recurring transactions Capital gains (losses) on disposals of property, plant and equipment and intangible assets

(1)

5

Non-recurring income and expenses

15 12 12 16

(14,702)

3,145 1,499

Reversals of provisions and expense reclassifications

9,141

Charges to provisions Income tax expense

(15,986)

(3,648) (3,692) (2,691) 389,611

10,285

Net income (loss) from non-recurring transactions

(11,262) 437,349

NET INCOME FOR THE YEAR

286

2017 Registration document

Eurazeo