FFP_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS

Parent-company financial statements

NOTE 4

PROFIT OR LOSS ON PORTFOLIO INVESTMENT SECURITIES AND OTHER LONG-TERM INVESTMENTS

2017

2016

(in thousands euros)

Dividends

490

362

Disposal gains Total income Disposal losses

4,830 5,320

17,845 18,207 (4,381)

(7,804)

Fees

(336) (175)

(34)

Securities transaction fees

-

(4,416) 13,791

Total expenses GROSS PROFIT

(8,315) (2,995) (275) 8,004 4,733

(942) 5,075

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

PROFIT

17,924

NOTE 5

PROFIT OR LOSS FROM FINANCING AND DEBT OPERATIONS

2017

2016

(in thousands euros)

Marketable securities  W Disposal gains Other financial income

- - -

6

50 56

Total income

Borrowings  W Interest expense  W Commissions

(7,673) (2,502)

(8,709) (3,841)

 W Fees

(89)

-

Marketable securities Disposal losses

5 .2

- -

(4)

Foreign exchange losses

(198)

(10,175) (10,119)

TOTAL EXPENSES GROSS PROFIT

(12,840) (12,840)

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

- -

- -

PROFIT

(12,840)

(10,119)

179

FFP

2017 REGISTRATION DOCUMENT