GECINA - REFERENCE DOCUMENT 2017

03

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

DEPRECIATIONS AND IMPAIRMENTS

Change in fair value

Transfers between items

At 12/31/2016

Acquisition

Write- backs

Other changes

At 12/31/2017

values Allocations

In €’000

Hotel operating properties

0

12,358

2,033

0

0 (525)

0

13,867

Operating properties (headquarters)

15,691

0

703

0

0

0

0

16,394

Financial receivables from financial leases

0 163,884

6,393 (3,157)

0 0 0

0 8

0 167,121

Intangible assets

2,939

810

1,822 2,981

0

0

5,578

Other tangible assets DEPRECIATIONS AND IMPAIRMENTS

10,168

2,307

(4)

204

42

15,697

28,798 179,360

13,932 (3,161)

0 (313)

42 218,656 0 19,436,298

NET VALUE

12,091,537 5,839,674 457,223 (516,585) 1,555,773 8,676

Pursuant to the accounting principles defined in Note 3.5.3.1.1, five assets under restructuring are recognized at their historical cost for a total amount of €31.1 million. The other changes represent the marketing costs for €5.2 million and capitalized internal costs for €3 million.

Analysis of acquisitions (including duties and costs) 3.5.5.1.2 Acquisitions concerned the following:

12/31/2017

In €’000

Tour Gamma (one floor) - 75012 Paris 2 à 14 rue Berthelot - Courbevoie 145 rue de Courcelles 75017 Paris

5,322

78,493 63,461 147,276 256,039 39,420 295,459

PROPERTY ACQUISITIONS

Construction and reconstruction works

Renovation works

WORKS

Operating properties

5,581

Capitalized financial expenses

16,143 21,724

TOTAL ACQUISITIONS Tangible fixed assets

5,633

Intangible assets

1,063

TOTAL FIXED ASSETS

471,155

Details of income from sales 3.5.5.1.3 Disposals are detailed in Note 3.5.6.7.

Goodwill 3.5.5.1.4 The €207.7 million of goodwill corresponds exclusively to the acquisition of Eurosic.

Maturity dates of investment properties held on financial lease 3.5.5.1.5 The Group holds financial lease contracts.

12/31/2016

12/31/2017

In €’000

Less than 1 year

0

45,729

1 to 5 years Over 5 years

1,464

0 0

0

TOTAL

1,464

45,729

80 GECINA - REFERENCE DOCUMENT 2017

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