GECINA - REFERENCE DOCUMENT 2017

03

CONSOLIDATED FINANCIAL STATEMENTS Statement of consolidated cash flows

STATEMENT OF CONSOLIDATED CASH FLOWS 3.4

Note 12/31/2017

12/31/2016

In €’000

CONSOLIDATED NET INCOME (INCLUDING NON-CONTROLLING INTERESTS)

1,910,937

812,316 32,371 779,945

NET INCOME FROM DISCONTINUED OPERATING ACTIVITIES NET INCOME FROM CONTINUED OPERATING ACTIVITIES

0

1,910,937

Net income from equity-accounted investments Net depreciation, impairments and provisions

(4,519) (3,225)

(61)

18,930

Change in fair value and costs paid on repurchased bonds Calculated charges and income from stock options

3.5.7.1 (1,544,706)

(442,607)

2,635 6,923

1,626 3,521

Tax charges (including deferred tax) CURRENT CASH FLOW BEFORE TAX Capital gains and losses on disposals Other calculated income and expenses

3.5.6.12

368,045 (20,048) (14,689) 80,414 413,722 10,036 (95,123) 328,635

361,353 (50,669) (18,026) 87,566 380,225 (6,159) (9,559) 364,507

3.5.6.7

Net financial expenses

3.5.6.10

NET CASH FLOW BEFORE COST OF NET DEBT AND TAX (A)

Tax paid (B)

Change in operating working capital (C)

3.5.7.2

CASH FLOW FROM CONTINUED OPERATING ACTIVITIES NET CASH FLOW FROM DISCONTINUED OPERATING ACTIVITIES NET CASH FLOW FROM OPERATING ACTIVITIES (D) = (A + B + C)

0

41,062

328,635 405,569

Acquisitions of tangible and intangible fixed assets Disposals of tangible and intangible fixed assets Disbursements for the acquisition of financial fixed assets (non-consolidated securities) Proceeds from disposals of financial fixed assets

3.5.5.1.2 (394,391)

(405,089) 471,521

3.5.7.3

337,070

0

0 0

115,721

Incidence of scope variation

3.5.7.4 (2,803,337)

1,222,547

Dividends received (equity-accounted affiliates, non-consolidated securities)

0

215

Changes in loans and agreed credit lines Other cash flows from investing activities

14,630

(3,700) (7,046)

3,686

Change in working capital from investing activities

3.5.7.5

5,897 (170,239)

NET FINANCING CASH FLOW FROM CONTINUED OPERATIONS NET FINANCING CASH FLOW FROM DISCONTINUED OPERATIONS

(2,716,255)

1,108,210

0

(7,146)

NET CASH FLOW FROM INVESTING ACTIVITIES (E) Proceeds from capital increase received from shareholders

(2,716,255)

1,101,064

1,332,860

0

Amounts received on the exercise of stock options and of the company savings plans (PEE)

40,211

13,006

Purchases and sales of treasury shares Dividends paid to owners of the parent Dividends paid to non-controlling interests

(215,473) (322,163)

0

(313,784)

(550)

0

New borrowings

3.5.7.7 5,345,863 3,352,000

Repayment of borrowings

3.5.7.7 (3,585,950)

(4,364,087)

Net interests paid

(81,678) (35,388)

(117,319) (86,831)

Other cash flows from financing activities

NET INVESTMENT CASH FLOW USED BY CONTINUED ACTIVITIES NET INVESTMENT CASH FLOW USED BY DISCONTINUED ACTIVITIES NET CASH FLOW FROM FINANCING ACTIVITIES (F) NET CHANGE IN CASH AND CASH EQUIVALENTS (D + E + F)

2,451,078 (1,490,360)

0 (104,076)

2,451,078 (1,594,436) 63,458 (87,802)

Opening cash and cash equivalents

58,573 122,031

146,375

CLOSING CASH AND CASH EQUIVALENTS

58,573

60 GECINA - REFERENCE DOCUMENT 2017

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