FFP_REGISTRATION_DOCUMENT_2017

5

FINANCIAL STATEMENTS

Parent-company financial statements

NOTE 19

EXECUTIVE COMPENSATION

2017

2016

(in thousands euros)

Attendance fees paid to members of the Board of Directors

660

652

Compensation paid to directors and officers

1,442 2,102

1,048 1,700

TOTAL

NOTE 20

DEFERRED TAX POSITION

Unrecognised deferred taxes arising from timing differences between the recognition of income and expenses for financial reporting and tax purposes represented a net asset of €1,453 thousand at 31 December 2017.

NOTE 21

AVERAGE NUMBER OF EMPLOYEES

2017

2016

(number)

Managers

17

15

Employees, technicians and supervisors

1

1

TOTAL

18

16

NOTE 22

POST-BALANCE SHEET EVENTS

and FFP INVEST received 2,832,492 Safran shares in exchange for 9,441,640 Zodiac Aerospace shares, and €141,432 thousand from the sale of 5,674,324 Zodiac Aerospace shares. FFP INVEST also bought 375,237 Safran shares in the market for €31,489 thousand.

FFP, jointly with its FFP INVEST subsidiary, tendered all of its Zodiac Aerospace shares to the subsidiary public exchange offer initiated by Safran. Since the upper limit of the subsidiary offer was reached, the number of Zodiac Aerospace shares tendered to the exchange offer was reduced. As a result, FFP

NOTE 23

LITIGATION

To the Company’s knowledge, no litigation concerning FFP is underway.

190

FFP

2017 REGISTRATION DOCUMENT