FFP_REGISTRATION_DOCUMENT_2017

5

FINANCIAL STATEMENTS

Parent-company financial statements

G. FINANCIAL INSTRUMENTS Gains and losses on the instruments used in hedging transactions are recognised in the same manner as income and expenses relating to the items hedged. FOREIGN CURRENCY TRANSACTIONS Transactions denominated in foreign currencies are translated into euros on the exchange rate in force on the transaction date. At the balance sheet date, foreign-currency receivables and cash are translated using the exchange rate on the final day of the accounting period. The difference compared with the carrying amount is taken to income for cash and to the asset or liabilities side of the balance sheet under “exchange differences” for debt and receivables. In accordance with the French General Accounting Plan, an overall foreign exchange position is calculated by netting assets and liabilities arising from exchange differences on the translation of debt and receivables denominated in freely convertible foreign H.

currencies and with maturities of less than one year. If there is any residual unrealised translation loss, a provision for translation losses is recognised under liabilities on the balance sheet.

I. INCOME TAX On 1 January 2012, FFP opted for the tax consolidation regime for French subsidiaries in which it owns over 95%, in accordance with article 223A of the French General Tax Code. The tax effect recognised in respect of each financial year, through FFP’s income statement, comprises: O the net tax expense or tax benefit resulting from netting the taxable profits and losses of the companies in the tax group; O total income corresponding to the sum of the tax due by profitable subsidiaries.

J. CHANGES IN MEASUREMENT METHOD There were no changes in measurement method during the year.

NOTE 2

SUMMARY OF MANAGEMENT ANALYSIS RESULTS BY BUSINESS SEGMENT

Notes

2017

2016

(in thousands euros)

Equity securities

3 4 5 6

44,147

209,530 17,924 (10,119)

Portfolio Investment Securities and other long-term investments

4,733

Profit or loss from financing and debt operations

(12,840) (4,618) 31,422

General administrative expenses GROSS PRE-TAX PROFIT

(7,425)

209,910

Income tax

7

159

(2,095)

NET PROFIT

31,581

207,815

NOTE 3

PROFIT OR LOSS FROM EQUITY SECURITIES

2017

2016

(in thousands euros)

Dividends  W Peugeot SA

40,475

-

1

1 1

 W Zodiac Aerospace

40,476

3,704

3,028

Interest on current-account advances

Disposal gains Total income

-

229,159 232,188

44,180

Fees

(33)

-

Disposal losses Total expenses GROSS PROFIT

-

(22,658) (22,658) 209,530

(33)

44,147

Additions to provisions (-) Releases from provisions (+)

- -

- -

PROFIT

44,147

209,530

178

FFP

2017 REGISTRATION DOCUMENT