GECINA - REFERENCE DOCUMENT 2017

03

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Change in operating working capital

3.5.7.2

12/31/2016

12/31/2017

In €’000

BALANCE SHEET ASSETS Changes in inventory

(3,326) (9,049)

Clients change

11,532 (29,939) (2,575) (20,982)

4,215

Change in other receivables (1) Change in prepaid charges

(2,666) (10,825)

TOTAL OF BALANCE SHEET ASSETS BALANCE SHEET LIABILITIES Change of tenants’ security deposits

774

(2,881)

Change of trade payables

3,427

7,504 4,162

Change of tax and social payables and debt

(15,436) (96,491)

(38,836)

Change in other debts (2)

Change in prepaid expenses

1,783

(490)

TOTAL OF THE BALANCE SHEET LIABILITIES

(105,945) (95,122)

(30,541) (9,559)

TOTAL OF CHANGES IN OPERATING WORKING CAPITAL

(1) VAT

(4,137)

(36,950)

Taxes

7,251

8,422

(2) Client credit balances

(20,197)

(37,255)

Proceeds from disposals of tangible and intangible fixed assets

3.5.7.3

12/31/2016 313,781 169,196 482,977 (5,081) (6,375) (11,456) 471,521

12/31/2017

In € million

Block sales Units sales

225,803 125,274 351,077 (8,728) (5,279) (14,007) 337,070

PROCEEDS FROM DISPOSALS

Block sales Units sales

COST OF SALES

CASH IN LINKED TO DISPOSALS

Incidence of scope variation

3.5.7.4

ACQUISITIONS AND DISPOSALS OF CONSOLIDATED SUBSIDIARIES

12/31/2016

12/31/2017 (3,264,665)

In €’000

Equities at cost Acquired cash

0 0 0

345,758

NET ACQUISITIONS ACQUIRED CASH Equities sale and debt reimbursement

(2,918,907)

115,110

1,226,880

Transferred Cash

0

(4,333)

NET DISPOSALS TRANSFERRED CASH INCIDENCE OF SCOPE VARIATION

115,110

1,222,547 1,222,547

(2,803,797)

98 GECINA - REFERENCE DOCUMENT 2017

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