GECINA - REFERENCE DOCUMENT 2017

03

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Consolidated shareholders’ equity 3.5.5.11 See the accounting statement preceding this note in section 3.3 “Statement of changes in consolidated equity”.

Loans, debt and financial instruments 3.5.5.12

Loans and debt 3.5.5.12.1

OUTSTANDING DEBT

Repayments < 1 year

Outstanding 12/31/2018 4,975,428 4,467,059

Repayments 1 to 5 years

Outstanding 12/31/2022

Repayments more than 5 years

Outstanding 12/31/2017

In €’000

Fixed-rate debt Fixed-rate bonds

5,146,010 4,511,759

(170,582) (44,700) (42,082)

(1,054,765) 3,920,663 (783,214) 3,683,845

(3,920,663) (3,683,845)

Fixed-rate borrowings Fixed-rate finance leases Other fixed-rate liabilities

472,356

430,274

(223,731)

206,543

(206,543)

0

0

0

0

0

0

101,557 60,338

(23,462) (60,338)

78,095

(47,820)

30,276

(30,276)

Accrued interest Floating rate debt Commercial paper Floating-rate bonds

0

0

0

0

3,388,685

(1,437,362)

1,951,322

(1,873,822)

77,500

(77,500)

1,414,000 (1,414,000)

0

0

0 0 0 0 0 0

0 0 0 0 0 0

497,455

0 497,455 0 300,000

(497,455) (300,000)

Floating-rate short-term bonds 300,000

Floating-rate borrowings Floating-rate credit lines Floating-rate finance leases

1,132,416

(20,812) 1,111,604 (1,034,104)

77,500

(77,500)

43,350

(2,550)

40,800

(40,800) (1,464)

1,464

0 0

1,464

Bank overdrafts GROSS DEBT

0

0

0

8,534,696 (1,607,944) 6,926,750 (2,928,587) 3,998,163 (3,998,163)

Cash (floating rate) Open-end investment funds, placements and income receivable Cash and cash equivalents

2,582

(2,582)

0 0

0 0

0 0

0 0

119,449

(119,449)

TOTAL CASH AND EQUIVALENTS

122,031

(122,031)

0

0

0

0

Net debt Fixed rate

5,146,010

(170,582) 4,975,428 (1,054,765) 3,920,663 (3,920,663)

Floating rate

3,266,654 (1,315,331) 1,951,322 (1,873,822)

77,500

(77,500)

TOTAL NET DEBT Available credit lines

8,412,664 (1,485,913) 6,926,750 (2,928,587) 3,998,163 (3,998,163)

3,760,000

0 3,760,000 (2,452,500) 1,307,500 (1,307,500)

0

(401,394)

0

(319,517)

Future cash flows on debt

0

(131,469)

The interest that will be paid up to maturity of the entire debt, estimated based on the rate curve at December 31, 2017 amounts to €852 million.

84 GECINA - REFERENCE DOCUMENT 2017

www.gecina.fr