FFP_REGISTRATION_DOCUMENT_2017

5

FINANCIAL STATEMENTS

Parent-company financial statements

Cash flow statement

2017

2016

(in thousands euros)

NET PROFIT FOR THE PERIOD

31,581 (6,348)

207,815

Net change in depreciation, amortisation and provisions Net gains/(losses) on disposals of non-current assets

(3,897)

2,974

(219,967) (16,049)

28,207 (1,078) 27,129

FUNDS FROM OPERATIONS

Change in the working capital requirement

(7,330)

NET CASH FLOW FROM OPERATING ACTIVITIES

(23,379)

Purchases of property, plant and equipment

(54)

(32)

-

(133,304)

Purchases of equity securities Purchases of other investments Disposals of equity securities Disposals of other investments

(2,015)

(2,473)

-

133,304 29,934 27,429 (40,115) 112,000

10,990

NET CASH FLOW FROM INVESTING ACTIVITIES

8,921

Dividends paid to shareholders

(45,128) 132,500 (29,170) (86,356)

Net change in borrowings and other financial liabilities

Purchases of treasury shares

-

Net change in other financial assets Net change in other financial liabilities

(86,293)

-

(573)

NET CASH FLOW FROM FINANCING ACTIVITIES CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of period CASH AND CASH EQUIVALENTS AT END OF PERIOD Breakdown of cash and cash equivalents at end of period Cash investments

(28,154)

(14,981) (10,931)

7,896 4,709

15,640 4,709

12,605

-

2,297 2,412 4,709

Cash

12,605 12,605

TOTAL

174

FFP

2017 REGISTRATION DOCUMENT