Eurazeo / 2019 Universal Registration Document

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

Derivatives 9.2.

Changes infair valueduringthe fiscalyear

Impactonnet financial expense*

Fairvalueasof 12/31/2019

Impacton hedgingreserve

Nominal

(In thousands ofeuros) Interestratederivatives Interestratecaps

44,584

25 25

22

25

(3)

Totalnon-current assetderivatives

Interestratecaps

93,725

- -

-

-

-

Totalcurrentassetderivatives

Interestratecaps

266,579

(5,053)

(2,366) (2,011)

-

(2,366) (2,027)

Interestrateswapsmaturing2019 Interestrateswapsmaturing2020

-

16

388,000 185,000

(226) (328)

199

-

199 102

Interestrateswapsmaturing2021andbeyond Interestrateswapsmaturing2022andbeyond Totalnon-current liabilityderivatives

62

(40)

194,128

(2,207) (7,814)

-

-

-

Interestrateswapsmaturing2019 Totalcurrentliabilityderivatives

- -

146

-

146

TOTALINTERESTRATEDERIVATIVESQUALIFYING FOR HEDGEACCOUNTING

1,172,016

(7,789)

(3,948)

1

(3,949)

Otherinterestratecaps

- -

(114)

(55)

(59)

Totalnon-current assetderivatives

Otherinterestrateswaps

(8,300) (8,300)

68

68

-

Totalnon-current liabilityderivatives

TOTALINTERESTRATEDERIVATIVESNOTQUALIFYING FOR HEDGEACCOUNTING

(8,300)

(46)

13

(59)

Ineffectiveportionof instrumentsqualifying forhedgeaccountingandchangein fairvalueofotherderivatives. *

Changes infair valueduringthe fiscalyear

Impactonnet financial expense

06

Fairvalueasof 12/31/2019

Impacton hedgingreserve

(In thousands ofeuros)

Otherderivative instruments Otherderivatives

4,145 4,145 1,027 1,027 (1,726) (1,726) 3,446

381

-

381

Totalothernon-current assetderivatives

Otherderivatives

(216)

(872)

656

Totalothercurrentassetderivatives

Otherderivatives

1,402

3,000

(1,598)

Totalothercurrentliabilityderivatives TOTALOTHERDERIVATIVE INSTRUMENTS

1,567

2,128

(561)

Impactofequity-accounted groups

(1,359)

Gains(losses)arisingonthefairvaluemeasurement of hedging instruments (1) Incomeandexpensesonchanges in interestratederivatives Incomeandexpensesonchanges in otherderivatives

(5,928)

Note 9.4. Note 9.4.

14

2,128

TOTALIMPACTONNETFINANCIALEXPENSE 2,142 Gainsandlossesarisingonthefairvaluemeasurement ofhedging instrumentsareequaltothesumoftheimpactonhedgingreservesof interestrate (1) derivatives (-€3.9 million) andotherhedgingderivatives (-€0.5 million) andtheimpactofequity-accounted groups(-€1.4 million). Theimpactonthenetfinancialexpense is equaltotheimpactofotherderivatives (€2.1 million). (2) (2)

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

Other derivativeinstruments (current) 9.2.2. Other derivativesprimarilyconsist of currency derivatives.

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2019 UNIVERSAL REGISTRATION DOCUMENT