PSA_GROUP_REGISTRATION_DOCUMENT_2017

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

INVESTMENTS IN EQUITY-ACCOUNTED COMPANIES

NOTE 11

countries: France, the United-Kingdom, Malta, Spain, Switzerland, Italy, the Netherlands, Belgium, Germany, Austria, Brazil and Poland (see Note 11.4.C), BNP Paribas covering the financing of the Opel and Vauxhall „ brands’ operations in the following countries: Germany, France, the Netherlands, the United-Kingdom, Sweden and Switzerland (see Note 11.4.D), as well as the joint company with Dongfeng Motor Group in „ China; the companies over which the Group has significant influence, „ mainly GEFCO and since 2015 Peugeot Scooters.

The share in earnings of equity-accounted companies represents the Group’s share of the earnings of those companies, plus any impairment of investments in equity-accounted companies. Gains on disposals of investments in equity-accounted companies are recorded in operating income. Companies accounted for by the equity method include: joint ventures with Dongfeng Motor Group (see Note 11.4.A) and „ Changan (see Note 11.4.B), located in China; finance companies in partnership with: „ Santander Consumer Finance covering the financing of the „ Peugeot, Citroën and DS brands’ operations in the following

CHANGES IN THE CARRYING AMOUNT OF INVESTMENTS IN EQUITY-ACCOUNTED 11.1. COMPANIES

31 December 2017

31 December 2016

(in million euros)

At beginning of period

3,014 (369)

2,637 (381)

Dividends and profit transfers (1)

Share of net earnings

217

128

Newly consolidated companies (2) Capital increase (reduction) (3)

555

484

57

42

Changes in scope of consolidation and other

108

188

Translation adjustment

(110)

(84)

AT PERIOD-END

3,472

3,014

O/w Dongfeng Peugeot Citroën Automobiles goodwill

75

82

O/w Dongfeng Peugeot Citroën Automobiles Finance Company Ltd goodwill

2

3

O/w Saipa Citroën Company goodwill

90 57

-

O/w GEFCO goodwill 57 Dividends and profit transfers in 2017 included €200 million in net dividends paid to the Group by the companies in partnership with DPCA, (1) of which €10 million withheld.

Concerns mainly companies in partnership with BNP Paribas. (2) Concerns mainly companies in partnership with Santander. (3)

195

GROUPE PSA - 2017 REGISTRATION DOCUMENT