PSA_GROUP_REGISTRATION_DOCUMENT_2017

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

NON-RECURRING OPERATING INCOME AND EXPENSES 5.4.

Notes

2017

2016

(in million euros)

Net gains on disposals of real estate assets

164

101

Reversal of impairment loss on CGUs, other assets and provisions for onerous contracts of the Peugeot Citroën DS Automotive segment Reversal of impairment loss on CGUs, other assets and provisions for onerous contracts of the Opel Vauxhall Automotive segment

8.3.B

12

10

1

-

Other non-recurring operating income on other CGUs

28

6

Total non-recurring operating income

205

117

Impairment loss on CGUs, other assets and provisions for onerous contracts of the Peugeot Citroën DS Automotive segment Impairment loss on CGUs, other assets and provisions for onerous contracts of the Opel Vauxhall Automotive segment Impairment loss on Faurecia CGUs and other Faurecia assets

8.3.B

(107)

(143)

(38)

- -

8.3.C 5.4.B

-

Restructuring costs

(951)

(547)

Other non-recurring operating expenses on other CGUs

(13)

(51)

Total non-recurring operating expenses

(1,109)

(741)

Impairment test on CGU, provisions for A. onerous contracts and other depreciations The detail of impairment testing, provisions for onerous contracts and other impairment is disclosed in Note 8.3.

Restructuring costs B. Restructuring costs consist mainly of workforce reductions.

2017

2016

(in million euros)

Peugeot Citroën Automotive segment Opel Vauxhall Automotive segment Automotive Equipment segment

(426) (440)

(456)

-

(86)

(90)

Other businesses segment

1

(1)

TOTAL

(951)

(547)

Peugeot Citroën DS Automotive segment In 2017, Peugeot Citroën DS Automotive segment restructuring costs amounted to €426 million. They relate chiefly to the recognition of the restructuring plans covering the Group’s industrial sites in Europe (Jobs and Skills Matching System –DAEC–, Jobs and Skills Reallocation Plan –PREC–, Employment Safeguarding Plan –PSE– and older employee plans) in the amount of €375 million and the reorganisation of its commercial operations in Europe in the amount of €32 million. Other restructuring costs relate mainly to the Group’s subsidiaries in Latin America in the amount of €16 million.

Opel Vauxhall Automotive segment In 2017, Opel Vauxhall Automotive segment restructuring costs amounted to €440 million. Automotive Equipment segment (Faurecia Group) In 2017, Faurecia Group restructuring costs totalled €86 million, including €78 million in provisions for redundancy costs, mainly in Germany, France, the United States and in the Netherlands.

178

GROUPE PSA - 2017 REGISTRATION DOCUMENT