PSA_GROUP_REGISTRATION_DOCUMENT_2017

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

Analysis of the Change in balance sheet Items B. Analysis by type (1)

2017 (in million euros)

At 1 January

At 31 December

Inventories (1)

(4,347) (1,560)

(7,321) (2,367) 13,362

Trade receivables Trade payables (2)

9,352

Income taxes

21

(113)

Other receivables Other payables (3)

(1,763) 5,366 7,069

(2,636)

7,878 8,803

Net cash flows with Group finance companies

(15)

1

8,804

TOTAL

7,054

Of which Opel Vauxhall Automotive segment at 31 December 2017: (1) €(2,863) million. (2) €2,906 million. (3) €2,099 million.

Movements of the year (2)

2017

2016

(in million euros)

At 1 January

7,069

6,379

Cash flows from operating activities Cash flows from investing activities

(41)

484 400

(144) 1,920

Changes in scope of consolidation and other (1)

1

Translation adjustment

28

(164)

Revaluations taken to equity

(29)

(31)

AT 31 DECEMBER

8,803

7,069

Of which €1,785 million related to the acquisition of Opel Vauxhall in 2017. (1) The change in working capital in the consolidated statement of cash flows at 31 December 2017 (€8 million positive effect) corresponds to cash flows from operating activities (€41 million negative effect), exchange differences (€15 million positive effect), change in the ineffective portion of currency options (€28 million positive effect) and other movements (€6 million positive effect).

2017 (41)

2016 484

(in million euros)

Cash flows from operating activities of manufacturing and sales companies

Exchange differences

15

51

Change in the ineffective portion of currency options

28

(45) (19)

Other changes

6 8

Change in working capital in the statement of cash flows

471

181

GROUPE PSA - 2017 REGISTRATION DOCUMENT