FFP_REGISTRATION_DOCUMENT_2017

5

FINANCIAL STATEMENTS

Consolidated financial statements

Consolidated statement of cash flows

31/12/2017

31/12/2016

(in thousands euros)

Consolidated net profit

221,609

149,650

Net additions to depreciation, amortisation and provisions Gains or losses on disposals of non-current assets Unrealised gains and losses resulting from changes in fair value

4,724

1,311

(153,084)

(135,356) (1,849) (14,231) 10,385 18,270 28,180 (3,218) (6,724) 18,238

144

Share of profit or loss of equity-accounted entities, net of dividends received

(16,418) 13,063 (3,751) 66,287 (1,898) 64,252 (1,640) (137) (29,333) (438,732) 345,572 (132,413) (45,129) 243,321 (110,438) (8,280) -

Net cost of debt

Current and deferred tax expense

CASH FLOW BEFORE COST OF NET DEBT AND TAX

(A) (B) (C)

Current tax expense

Change in the operational working capital requirement NET CASH FLOWS FROM OPERATING ACTIVITIES Purchases of property, plant and equipment and intangible assets Income from disposals of property, plant and equipment and intangible assets

(D)=(A+B+C)

(366)

-

Purchases and sales of treasury shares

22

Purchases of long-term investments (available-for-sale securities) Income from disposals of long-term investments (available-for-sale securities)

(169,231) 84,452 (2,886) (88,009) (40,115) 112,171

Change in other non-current assets

NET CASH FLOW FROM INVESTING ACTIVITIES

(E)

Dividends paid during the period Proceeds from new borrowings

Debt repayments

(1,243)

Change in other non-current financial liabilities

4,510

(602)

Net interest paid

(13,063) 79,201

(10,385) 59,826

NET CASH FLOW FROM FINANCING ACTIVITIES

(F) (G)

Impact of measuring investments in money-market UCITS at fair value CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of period CASH AND CASH EQUIVALENTS AT END OF PERIOD

-

(1)

(D+E+F+G)

11,040

(9,946) 16,320

6,374

17,414

6,374

120

FFP

2017 REGISTRATION DOCUMENT