FFP_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS

Parent-company financial statements

Income statement

2017

2016

(in thousands euros)

Revenue

3,870

2,960

Other recurring management revenue

10

2

Releases of provisions and expense transfers

260

-

Operating revenue

4,140

2,962

Other purchases and external expenses

(7,320)

(4,916) (2,807) (2,661) (1,644)

Taxes other than income tax

(579)

Wages and salaries Social security costs

(3,819) (3,498)

Depreciation, amortisation and provisions

(329) (660)

(243) (652)

Other expenses

Operating expenses

(16,205) (12,065)

(12,923) (9,961)

OPERATING INCOME/(LOSS)

Income from shareholdings

44,180

3,029

Income from other marketable securities and receivables on non-current assets

490

362

Releases of provisions and expense transfers

8,004

5,075

Positive exchange differences

-

50

Net proceeds from disposals of Portfolio Investment Securities and other long-term investments Net proceeds from disposals of marketable securities

4,830

17,845

-

6

Financial income

57,503

26,367

Depreciation, amortisation and provisions

(275)

(942)

Interest and similar expenses Negative exchange differences

(8,710)

(7,673)

(198)

(1)

Net expenses on disposals of Portfolio Investment Securities

(7,808)

(4,381)

Other financial expense

(5)

-

Financial expense

(16,997) 40,506 28,441

(12,997) 13,370

NET FINANCIAL INCOME/(EXPENSE) RECURRING PRE-TAX PROFIT/(LOSS) Non-recurring income from capital transactions

3,409

5 .2

-

319,444

2,980 2,980

6

Other non-recurring income Non-recurring income

319,450 (112,948)

Non-recurring expenses on capital transactions

- - -

Other non-recurring expenses

(1)

Non-recurring expense

(112,949) 206,501

NET NON-RECURRING INCOME/(EXPENSE)

2,980

(2,095)

Income tax

159

NET PROFIT FOR THE PERIOD

31,581

207,815

171

FFP

2017 REGISTRATION DOCUMENT