Eurazeo / 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS Notes to the Consolidated Financial Statements

Interest rate derivatives 9.2.1 The interest rate swaps used by the Group help to convert part of the contracted floating-rate debt into fixed-rate debt. Interest rate derivatives are measured on the basis of market data at the reporting date – Level 2 – (interest-rate curve from which the zero coupon curve is derived). Fair value is calculated using a discounted cash flow model.

Other derivative instruments (current) 9.2.2 Other derivatives primarily consist of currency derivatives.

9.3

Fair value of financial assets and liabilities

12/31/2018

Breakdown by financial instrument category

Fair value through profit or loss

Debt at amortized cost

Carrying amount

Fair value

Loans and receivables

Derivative instruments

(In millions of euros)

Financial assets (non-current) Other non-current assets Trade and other receivables Financial assets (current)

8.2 4.6 4.3 8.2 13.1 13.1 13.1

1,330

1,330

1,330

-

-

32

32

- -

30

- - - - - - - -

2

855

855

855

- - 1 - - -

24 54 15 16

24 54 15 16

24

-

Other assets

4.6-9.2

-

53

Other short-term deposits

15 16

- - -

Restricted cash

Cash and cash equivalents FINANCIAL ASSETS Long-term borrowings Other non-current liabilities Trade and other payables

935

935

935

3,261 3,125

3,261 3,544

2,320

938

3

9.1 4.6 4.4

- - - -

-

3,544

-

168 939 636

168 939 636

139 939 632

- - -

29

-

Other liabilities

4.6-9.2

3

Bank overdrafts and current portion of long- term borrowings

9.1

282

282

16 16

-

267

-

FINANCIAL LIABILITIES

5,151

5,569

1,710

3,811

33

12/31/2017

Breakdown by financial instrument category

Fair value through profit or loss

Debt at amortized cost

Carrying amount

Fair value

Loans and receivables

Derivative instruments

(In millions of euros)

1,434

-

65

-

Financial assets (non-current) Other non-current assets Trade and other receivables Financial assets (current)

1,499

1,499

17

17

- -

15

- - - - - - -

3

929

929

929

- -

19

19

19

-

Other assets

65

65

-

62

3

Other short-term deposits

15

15

15

- - -

- - -

Restricted cash

20

20

20

Cash and cash equivalents FINANCIAL ASSETS Long-term borrowings Other non-current liabilities Trade and other payables

869

869

869

3,434

3,434 3,432

2,357

1,006

65

6

3,155

- - - -

-

3,432

-

82

82

72

- - -

10

965 586

-

965 588

965 588

Other liabilities

2

Bank overdrafts and current portion of long- term borrowings

140

140

10 10

-

130

-

FINANCIAL LIABILITIES

4,930

5,207

1,623

3,562

12

Eurazeo

246

2018 Registration Document