PSA_GROUP_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2017 Notes to the consolidated financial Statements at December 2017

Key figures B.

2017

2016

(in million euros)

Sales of vehicles and other goods

63,444

52,526

Service revenue

1,650

1,358

Financial services revenue

116

146

TOTAL

65,210

54,030

Sales of goods consist mainly of sales of vehicles and automobile parts, sub-assemblies and components. Service revenues primarily comprise auto repairs and servicing by captive dealers, and vehicle leasing services as described in Note 8.2.C.

Financial services revenue corresponds for the most part to interest income, insurance premiums and other gross revenues.

RECURRING OPERATING EXPENSES ANALYSED BY NATURE 5.2. Broken down by type, operating expenses include staff costs and the depreciation or amortisation of intangible assets and property, plant and equipment, explained below. Other recurring operating expenses are analysed by each segment at its own appropriate level with the result that they cannot be presented on a consistent basis at Group level. Staff costs

Group staff costs included in the Recurring Operating Income are as follows:

2017

2016

(in million euros)

Automotive segment Peugeot Citroën DS (1)

(4,537) (1,101) (3,177)

(4,641)

Automotive segment Opel Vauxhall Automotive Equipment segment (2)

-

(3,059)

Finance companies (3)

(7)

(9)

Other businesses

(98)

(70)

TOTAL (7,779) Including €4,030 million representing staff costs of manufacturing activities of the Peugeot Citroën DS Automotive segment (€4,109 million (1) in 2016). In 2016, €225 million representing staff costs were reclassified in activities to be sold or continued in partnership. (2) in 2016, €17 million representing staff costs were reclassified in activities to be sold or continued in partnership. (3) The Competitiveness and Employment Tax Credit (CICE) has been deducted from personnel expenses in the amount of €103 million (€96 million in 2016). Details of pension costs are disclosed in Note 7. Depreciation and Amortisation Expense Depreciation and amortisation expense included in recurring operating income breaks down as follows: (8,920)

2017

2016

(in million euros)

Capitalised development expenditure

(845)

(825) (100) (650) (1,001) (2,576)

Other intangible assets

(98)

Specific tooling

(636)

Other property, plant and equipment

(1,057) (2,636)

TOTAL

Of which Opel Vauxhall Automotive segment

(24)

-

176

GROUPE PSA - 2017 REGISTRATION DOCUMENT