Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

As of December 31, 2018, 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

12/31/2017

12/31/2018

(In thousands of euros)

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

523,968

(523,968)

-

- - - -

-

Farfetch (Eurazeo Croissance)

41,373

-

25,227 34,769 59,996

66,600 352,938 419,538

Moncler

352,866 918,207

(34,697)

Listed securities

(558,665)

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

(16,854)

-

-

12,957

195,778 157,139 151,740

82,463 130,976 248,690 445,275 (113,390) (111,429) 499,316 (667,231) 1,961

59,373 17,815

(42,460) (44,806) (102,207) (189,473) (189,473)

295,154 261,124 297,780 867,015

Eurazeo Development Other unlisted assets Total unlisted securities

(443)

534,467 1,452,674

76,745 136,741

Financial assets at fair value through profit or loss

1,286,553

65,480

-

-

67,441

Debt instruments at amortized cost

TOTAL FINANCIAL ASSETS

1,518,154

136,741

(189,473)

1,353,994

Additions Disposals

Change in payables to suppliers of PP&E

20,080 9,108 4,209 19,100 3,989

Offset of receivables

Accrued interest

Other changes/reclassifications Foreign currency translation

The bases for determining the fair value of financial assets are presented in Note 16.9, Financial Assets and Liabilities, of the Accounting principles and methods note. Listed securities are valued based on their last stock market price at the reporting date, that is €28.93 per share for Moncler shares and €17.88 per share for Farfetch shares.

Eurazeo

242

2018 Registration Document