Eurazeo / 2018 Registration document

COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements

6.

Impairment of financial assets

Impairment

12/31/2017

Charge (43,863)

Reversal

12/31/2018 (823,890)

(In thousands of euros)

Investments

(897,037) (31,604)

117,010 31,755

Other securities holdings

(237) (100)

(86)

Treasury shares (liquidity contract)

-

-

(100)

TOTAL

(928,641)

(44,200)

148,765

(824,076)

a reversal of impairment of €16,245 thousand on the investment in • Legendre Holding 29 (Desigual), following the sale of the investment; a reversal of impairment of €36,621 thousand on the investment in • Financière Truck Investissement (Fraikin) and €31,755 thousand on the securities holdings, following the sale of shares and bonds under the conciliation agreement dated February 15, 2018.

Changes in impairment of financial assets during the fiscal year ended December 31, 2018 were as follows: an impairment of €43,860 thousand on the investment in Europcar • Mobility Group to reduce its value to €8 per share; a reversal of impairment of €64,144 thousand on the investment in • Gruppo Banca Leonardo, following the sale of the investment;

RECEIVABLES AND LIABILITIES NOTE 3

RECEIVABLES

Due in less than one year

Due in more than one year

Gross amount

(In thousands of euros)

Non-current assets

766,310 654,189 112,121 23,081 20,275 2,806

3,203 3,027

763,106 651,162 111,944

Receivables from investments

Loans

177

Current assets

23,081 20,275 2,806

Trade receivables and related accounts

- - -

Other receivables

French State – Income tax

329

329

TOTAL

789,720

26,613

763,106

A breakdown of “Receivables from investments” is presented in Note 2.

LIABILITIES

Due in less than one year

Due in one t o five years

Gross amount

(In thousands of euros)

Trade payables and related accounts Taxes and employee benefits payable

19,517 13,137

19,517 13,137

Other liabilities

584,898 104,236 721,788

125,046 104,236 261,936

459,852

Liabilities on non-current assets and related accounts

TOTAL

459,852

As of December 31, 2018, “Other liabilities” primarily consist of current account advances from subsidiaries under Group cash management agreements. The €386.6 million balance on the cash management agreement between Eurazeo and Legendre Holding 19 (Accor) is presented in the “Due in one to five years” column as the subsidiary is wholly-owned by Eurazeo. On the dissolution of this company, the inter-company liability will be canceled outright by offset against the securities balance, with nil impact on Eurazeo’s net cash position. “Liabilities on non-current assets and related accounts” comprise share capital subscribed but not called of €67,131 thousand in Capzanine and €33,603 in Idinvest funds.

Eurazeo

306

2018 Registration Document