EURAZEO_REGISTRATION_DOCUMENT_2017

5

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

Receivables from investments 2. Additions to receivables mainly reflect additional advances to: Eurazeo PME Capital of €92,449 thousand; • Eurazeo Capital II of €88,879 thousand, including €61,597 • thousand representing 50% of the share disposal price not paid on syndication;

3. The decrease in this heading is due to:

Other securities holdings

the transactions relating to the unwinding of the 2009-2011 • co-investment contract through Investco 5 Bingen, as described in the 2016 Registration Document and reflected in 2017 by: the acquisition of an additional 962,944 shares for a total of • €58,826 thousand, an interim dividend and a share capital reduction decided by the • Shareholders’ Meeting of the Company: i.e. a share capital reduction of €3,773 thousand and a dividend of €105,046 thousand (see Note 8), the removal of all shares following the liquidation of the • Company in the amount of €96,419 thousand. €232 thousand was received on liquidation; the recognition of interest on Financière Truck Investissement • (Fraikin) loans and bonds of €2,208 thousand and on LPCR (through Legendre Holding 47) loans and bonds of €2,910 thousand. 4. The increase in this heading reflects the loan granted for the investment in Nest of US$30,000 thousand, i.e. a euro-equivalent of €25,255 thousand. This loan is hedged against foreign currency fluctuations. 5. The “Treasury shares” heading comprises purchases and sales of shares under the liquidity contract. 37,386 shares were held as of December 31, 2017. “Treasury shares in the course of cancellation” reflect the purchase of 1,350,257 shares during fiscal year 2017. On June 27, 2017, 890,411 shares were canceled in the amount of €48,371 thousand. As of December 31, 2017, the Company held 737,378 shares in the course of cancellation, representing 1.0% of the share capital. Loan Treasury shares

LH Novacap of €31,843 thousand; • LH 19 (Accor) of €149,486 thousand; • LH 44 (Fintrax) of €78,140 thousand; • Eurazeo North America of €8,823 thousand; • CPK of €5,101 thousand; •

Carryco Capital 1 of €31,487 thousand; • Carryco Croissance 2 of €2,806 thousand. • Disposals of receivables mainly reflect the repayment of advances to: Eurazeo PME Capital of €156,318 thousand; • Eurazeo Real Estate Lux of €43,988 thousand; • Eurazeo Capital II of €242,038 thousand mainly representing 50% • of the share disposal price not paid on syndication; ANF Immobilier Hôtel of €18,937 thousand; • LH Novacap of €10,709 thousand; • Carryco Capital 1 of €5,487 thousand; • Carryco Patrimoine of €3,511 thousand. • “Other changes” mainly consist of the capitalization of advances in investments of €59,742 thousand (see breakdown in point 1).

6.

Impairment of financial assets

12/31/2016 (870,924) (29,397) (900,320)

Charge (29,164) (2,208) (31,372)

Reversal

12/31/2017 (897,037) (31,604) (928,641)

(In thousands of euros)

Investments

3,051

Other securities holdings

-

TOTAL

3,051

an additional impairment of €18,876 thousand on the investment in • Legendre Holding 29 (Desigual); a reversal of impairment of €2,884 thousand on the investment in • Eurazeo Real Estate Lux.

Changes in impairment of financial assets during the fiscal year ended December 31, 2017 were as follows: an additional impairment of €10,102 thousand on the investment in • Gruppo Banca Leonardo;

292

2017 Registration document

Eurazeo