GECINA - REFERENCE DOCUMENT 2017
ANNUAL FINANCIAL STATEMENTS
Notes to the annual financial statements at December 31, 2017
Net financial items
4.3.5.4
12/31/2016
12/31/2017
Expenses
Income 44,980 178,535
Expenses
Income 44,640 120,450
In €’000
Interest and related expenses or income
125,367
131,503
Dividends of subsidiaries and income from equity investments
Interest income
9,103
Depreciation, impairment and provision charges and write-backs: amortizations of bond redemption premiums ■ impairments of investment in subsidiaries, related receivables ■ or treasury shares
4,126
5,131
15,767
5,685
9,352
730
4,597
provisions for losses in subsidiaries ■
TOTAL
149,857 238,302 145,986 165,820
Exceptional items
4.3.5.5
12/31/2016
12/31/2017
In €’000
Net gains on sale of properties Impairment of fixed assets
117,089 53,689
91,418 10,223 316,982 (59,157)
04
Capital gains or losses on disposals of securities or mergers
(13)
Losses on purchase of bonds and treasury shares Other non-recurring income and expenses
(21,469)
453
7,109
366,575
EXCEPTIONAL ITEMS
149,749
Unit-by-unit sales generated a gain of €59 million, the balance of €58 million having been generated by block disposals.
Transactions with related companies
4.3.5.6
in €’000
Assets (gross values)
Liabilities
Net financial items
Financial investments
8,287,552 Financial debts
183,686 Financial costs
(51,018)
Trade receivables Other receivables
17 Trade payables
6,322
178,393 Other payables
0 Financial income
236,759
Guarantees granted by Gecina on behalf of related companies
432,171
Transactions with companies in which Gecina has a rendered and operating resources (€35 million in 2017) as significant equity interest are limited to billing for services well as loans governed by specific agreements.
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GECINA - REFERENCE DOCUMENT 2017
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