FFP_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS

Consolidated financial statements

20.3 ANALYSIS OF THE CHANGE IN CASH AND CASH EQUIVALENTS

31/12/2017

31/12/2016

(in thousands euros)

Carrying amount at 1 January

6,374

16,320

Reversal of fair value measurement at 1 January

-

(1)

Cost price at 1 January Movements in cost price

6,374

16,319 (9,945)

11,040 17,414

Final cost price

6,374

Fair value measurement at 31 December CARRYING AMOUNT AT 31 DECEMBER

-

-

17,414

6,374

NOTE 21

EQUITY

21.1 EQUITY MANAGEMENT POLICY

Financière Guiraud (SAS), which holds the investment in SCA Château Guiraud. Equity attributable to equity holders of the parent comprises FFP’s share capital plus reserves and retained earnings resulting from the Group’s business activities. The distribution policy implemented by FFP has for many years, and as far as possible, aimed to ensure a consistent and rising dividend.

The equity management policy relates to equity as defined under IFRS. It is intended to secure the Group’s long-term capital resources, in order to foster its development and allow it to implement an appropriate distribution policy. Equity breaks down into portions attributable to non-controlling interests and to equity holders of the parent. The portion attributable to non-controlling interests consists of the portion attributable to non-group shareholders of

5 .1

21.2 COMPOSITION OF THE SHARE CAPITAL

FFP’s share capital consists of 25,072,589 shares with par value of €1 each. The shares are fully paid-up.

21.3 EQUITY

31/12/2017

31/12/2016

(in thousands euros)

FFP share capital FFP share premiums FFP statutory reserve

25,073 158,410

25,073 158,410

2,541

2,541

Treasury shares

(29,445) (11,878)

(49)

Exchange differences

1,725

Other reserves

3,142,399

2,732,566

Consolidated earnings

221,774

149,786

Minority interests

107

(903)

TOTAL

3,508,981

3,069,149

145

FFP

2017 REGISTRATION DOCUMENT