FFP_REGISTRATION_DOCUMENT_2017

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FINANCIAL STATEMENTS

Statutory Auditors’ report on the consolidated financial statements

OUR AUDIT APPROACH We familiarised ourselves with the internal control arrangements governing the valuation and recognition of financial instruments, including financial instruments classified as level-3 in the fair-value hierarchy. For these financial assets, we back-tested previous valuations estimated by the group with respect to valuations obtained on the basis of Net Asset Values, to obtain assurance about the reliability of the Group’s process. In addition, we checked data used for the valuation at 31 December 2017 for a sample of financial assets, by obtaining: O for Portfolio Investment Securities, either the latest Net Asset Values reported by the asset management companies and changes between the date of the most recent NAV calculation and the accounts closing date, or valuation schedules prepared by the Group; O for investments in non-consolidated companies, either the share price on the accounts closing date or valuation schedules prepared by the Group. We also assessed the process adopted by the Group to identify possible evidence of a fall in value, and we carried out a critical examination

of the ways in which impairment tests are performed in accordance with the Group’s accounting policies. Finally, we examined the information relating to the valuation of financial instruments as published in the notes.

Verification of information relating to the group provided in the management report

We also carried out specific verification, as required by law, of information relating to the Group provided in the management report, in accordance with professional standards applicable in France. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements.

Information resulting from other statutory and regulatory obligations

APPOINTMENT OF THE STATUTORY AUDITORS We were appointed as Statutory Auditors of FFP by shareholders in the Shareholders’ General Meeting of 9 June 2011 (Mazars) and of 7 June 2000 (SEC3). At 31 December 2017, Mazars was in its seventh consecutive year as an auditor of FFP, and SEC3 in its eighteenth year. Responsibilities of management and persons involved in corporate governance in relation to the consolidated financial statements Management is responsible for preparing consolidated financial statements that present a true and fair view, in accordance with IFRSs as endorsed by the European Union, and for setting up the internal controls it deems necessary for preparing consolidated financial statements that do not contain any material misstatements, whether due to fraud or error. When preparing the consolidated financial statements, management is responsible for assessing the company’s ability to continue as a going concern, for presenting in those statements any necessary information relating to its status as a going concern, and for applying the accounting concept of going concern, except where there is a plan to liquidate the company or discontinue its operations. The Audit Committee is responsible for monitoring the process of preparing the financial information and for monitoring the effectiveness of internal control and risk management systems, and internal audit systems as the case may be, as regards procedures relating to the preparation and treatment of accounting and financial information. The consolidated financial statements have been approved by the Board of Directors.

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FFP

2017 REGISTRATION DOCUMENT