GECINA - REFERENCE DOCUMENT 2017

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

12/31/2016

12/31/2017

In €’000

Healthcare business disposal

1,233,361

Disposal costs

(14,099)

La Buire equities sale Securities acquisitions

3,419

(2,959,165)

Others

228

(134)

Incidence of the sale of securities accounted for under the equity method

115,110

Financial instruments

1,727

Changes in the scope of shareholders’ equity

(1,535) 39,838

Non controlling interests

INCIDENCE OF SCOPE VARIATION

(2,803,797)

1,222,547

03

Change in working capital from investing activities

3.5.7.5

12/31/2016

12/31/2017

In €’000

BALANCE SHEET ASSETS Change in other receivables (fixed asset buyers)

6,074

(3,255)

BALANCE SHEET LIABILITIES Change of trade payables fixed assets CHANGE IN WORKING CAPITAL FROM INVESTING ACTIVITIES

(177)

(166,984)

5,897

(170,239)

Dividends paid to shareholders of the parent company 3.5.7.6 After paying an interim dividend of €2.60 per share on of €2.60 per share was paid out on July 7, 2017. For 2015, March 8, 2017, the Combined General Meeting of April 26, the Group distributed a dividend per share of €5 for a total 2017 approved the payment of a dividend of €5.20 per share amount paid of €313.8 million. for the 2016 financial year. The outstanding balance

New loans and repayments of loans

3.5.7.7

12/31/2016

12/31/2017 5,345,863 (3,585,950) 1,759,913

In €’000

New borrowings

3,352,000 (4,364,087) (1,012,087)

Repayments of loans CHANGE OF LOANS

12/31/2016 3,640,421 (4,761,055)

12/31/2017 8,534,696 (3,640,421)

In €’000

Debts at year closing Debts at year opening

Accrued interest at year closing Accrued interests at year opening Change of scope Heathcare disposal IAS 39 bonds at December 31, 2017

(60,338) 35,075

(35,075) 66,188 79,023 (1,290)

(3,135,348)

26,250

others variations

0

(299)

CHANGE OF LOANS

1,759,913

(1,012,087)

Closing cash and cash equivalents

3.5.7.8

12/31/2016

12/31/2017

In €’000

Money-market UCITS

2,594

46

Cash and cash equivalents

119,437 122,031

58,527 58,573

CASH AND CASH EQUIVALENTS

99

GECINA - REFERENCE DOCUMENT 2017