Eurazeo / 2019 Universal Registration Document

Financial Statements Consolidated Financial Statements for the year ended December 31, 2019

6.1.6

NOTES TO THECONSOLIDATEDFINANCIAL STATEMENTS

Contents

GENERALPRINCIPLES

FINANCING AND FINANCIAL INSTRUMENTS NOTE 9

215 215

242 242 245 246 247 247

NOTE 1

1.1. 1.2

Critical estimates and judgment

9.1. 9.2. 9.3. 9.4. 9.5.

Net debt

Presentation of restated comparativefinancial

Derivatives

statements

215

Fair value of financial assets and liabilities

Net financial expense

CONSOLIDATION SCOPE NOTE 2

221 221

Risk management

2.1. 2.2.

Changes in consolidation scope

PROVISIONS NOTE 10

253

IFRS 5 reclassification– groupof assets classified

as held for sale

221

INCOME TAX EXPENSE NOTE 11

254 254 254 255 256 256 257 258 258 258 258 258 258 259 259 259 260

SEGMENT REPORTING NOTE 3

223 223

11.1. 11.2. 11.3.

Proof of tax

3.1. 3.2.

Consolidated Income Statement bybusiness Segment aggregatesfor the contribution

Analysis of thecapitalizationof tax losses

Sources of deferred tax

of portfolio companies

226

EQUITYAND EARNINGS PER SHARE NOTE 12

OPERATING DATA NOTE 4

228 228 228 229 230 230 230

12.1. 12.2.

Total Equity

4.1. 4.2. 4.3. 4.4. 4.5. 4.6.

Revenue

Earnings per share

Other income

Trade and other receivables Trade and other payables Other assets and liabilities

BREAKDOWN OF CASH FLOWS NOTE 13

13.1. 13.2. 13.3. 13.4. 13.5.

Cash assets

Working Capital Requirement(WCR) components

Operating income and other income and expenses

Net cash flows fromoperating activities Net cash flows from investing activities Net cash flows from financing activities

EMPLOYEE BENEFITS EXPENSE NOTE 5 AND LIABILITIES

231

5.1.

Number of employees and employee

OTHER INFORMATION NOTE 14

benefits expense

231 231

5.2. 5.3.

Employee benefit liabilities

14.1. 14.2. 14.3.

Post-balance sheet events

Management compensation andother transactions

Group audit fees

with management(related parties)

233

Off-balance sheet commitments

INTANGIBLE ASSETS AND PROPERTY, NOTE 6 PLANT AND EQUIPMENT

LIST OFSUBSIDIARIES AND ASSOCIATES NOTE 15

267

234 234 235 236 237 237

6.1. 6.2. 6.3. 6.4. 6.5.

Goodwill

ACCOUNTING PRINCIPLES AND METHODS NOTE 16

287

Intangible assets

Property, plant and equipment

Right-of-use assets

Impairment losseson fixed assets

INVESTMENT PROPERTIES NOTE 7

238

ASSOCIATES AND FINANCIAL ASSETS NOTE 8

239 239 241

8.1. 8.2.

Investments in associates

Financial assets

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