PSA_GROUP_REGISTRATION_DOCUMENT_2017

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

BNP Paribas agreement in the financing activities D. The combined financial statements of all the joint ventures with BNP Paribas are presented in summary form in the tables below. The scope of the partnership with BNP Paribas includes at 31 December 2017 six European countries.

EARNINGS ITEMS AT 100%

2017

(in million euros)

Net banking revenue

66

General operating expenses and others

(43)

Gross operating income

23 (1) 22

Cost of risk

Operating income Non operating items

-

Income taxes

(6)

PROFIT (LOSS) FOR THE PERIOD

16

Group’s share in the profit (loss) for the period (Share in net earnings of companies at equity)

8

Income and expenses recognised in equity, net

-

Other information Net dividend received from the joint venture(s) by PSA Group

-

BALANCE SHEET ITEMS AT 100%

31 December 2017

(in million euros)

Customer loans and receivables

9,157 1,020 10,177 7,133 2,057

Other assets

TOTAL ASSETS Financing liabilities

Other liabilities

Equity

987

TOTAL LIABILITIES

10,177

RELATED PARTY TRANSACTIONS – EQUITY-ACCOUNTED COMPANIES 11.5. Transactions with equity-accounted companies are billed on arm’s length terms. Sale and purchase transactions carried out by the consolidated manufacturing and sales companies with equity-accounted companies are as follows:

2017

2016

(in million euros)

Sales to manufacturing and sales companies (1)

675 5,171

857

Sales and assignments to companies in partnership with Santander

5,172

Purchases (2) (2,043) Of which €546 million in sales to companies in partnership with DCPA (€735 million in 2016) and €23 million in sales to CAPSA (€33 million (1) in 2016). Of which €1,856 million in purchases from GEFCO (€1,684 million in 2016). (2) (2,257)

Receivables and payables with equity-accounted companies are as follows:

31 December 2017

31 December 2016

(in million euros)

Long-term loans

48 116

51

Loans - due within one year

27

Accounts receivable Accounts payable

318

315

(364)

(325)

Dealings between PSA Group and the financial companies are largely unchanged following Santander’s investment in the joint ventures.

200

GROUPE PSA - 2017 REGISTRATION DOCUMENT