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