FFP_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS

Parent-company financial statements

NOTE 12

CURRENT ASSETS

Period

Gross Impairment provisions

Net

Previous period

(in thousands euros)

Receivables Government - Income tax

3,983 4,476

- -

3,983 4,476

1,774

Government - Other

484

Short-term income tax receivables from subsidiaries

-

- - -

-

724 299

Other receivables

308

308

8,767

8,767

3,281

Marketable securities Treasury shares Cash Cash investments (1)

29,170

-

29,170

-

-

- - - - -

-

2,297 2,412 4,708

Banks

12,605 12,605

12,605 12,605

Prepaid expenses

222

222

34

TOTAL

50,765

50,765

8,024

(1) Cash investments consist of units in regular money-market UCITS and negotiable debt instruments with a maturity of less than three months.

NOTE 13

TREASURY SHARES

At the accounts closing date, the Company held 329,283 treasury shares with a gross value of €29,444 thousand, which broke down between the following two categories according to their intended use:

Number of shares

Gross value

Impairment

Net value

(in thousands euros)

“Other investment securities” (Note 11) Securities allocated to the liquidity agreement “Marketable securities” (Note 12) Shares intended to cover future plans Shares reserved to cover bonus share plans

2,800

274

-

274

5 .2

280,143 46,340 326,483 329,283

25,046

- - - -

25,046

4,124

4,124

29,170 29,444

29,170 29,444

TOTAL AT END OF PERIOD

13.1 BONUS SHARE PLANS

1. 2016 bonus share plan A bonus share plan was adopted on 7 July 2016 (see Note 19 to the 2016 parent-company financial statements), subject to performance conditions and involving 17,277 shares. 2. 2017 bonus share plans On 9 March 2017, in accordance with the authorisation given by the Shareholders’ General Meeting on 3 May 2016, FFP’s Board of Directors decided to set up a bonus share plan subject to performance conditions for certain employees and corporate officers of FFP and companies related to it. The bonus performance

shares will vest on 9 March 2020, and there will be no subsequent lock-up period. The grants are subject to beneficiaries being continually employed within the Company or related companies during the vesting period. Vesting is subject to performance conditions in terms of the increase in FFP’s NAV between 31 December 2016 and 31 December 2019. The maximum number of FFP shares that may be granted under the plan is 29,063. At the accounts closing date, a provision for personnel expenses amounting to €1,312 thousand was set aside for the 2016 and 2017 bonus share plans.

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FFP

2017 REGISTRATION DOCUMENT