PSA_GROUP_REGISTRATION_DOCUMENT_2017

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

Characteristics of other short-term financing and overdraft facilities C.

Carrying amount at 31/12/2017

Carrying amount at 31/12/2016

Issuing currency

(in million euros)

Commercial paper Short-term loans Bank overdrafts Payments issued (1)

EUR N/A N/A N/A N/A

80

-

464 332

363 356

93

112

Factoring liabilities on assets that have not been derecognised

430

150

TOTAL 981 This item corresponds to payments issued but not yet debited from the bank accounts, as the due date was not a bank business day. (1) 1,399

Finance lease liabilities D.

The present value of future payments under finance leases can be analysed as follows by maturity:

31 December 2017

31 December 2016

(in million euros)

Less than 1 year

31

45 49 79

1 to 5 years

76 77

Subsequent years

184 (10) 174

173 (7) 166

Less interest portion

PRESENT VALUE OF FUTURE LEASE PAYMENTS

Of which short-term Of which long-term

27

23

147

143

Financing by the assignment of receivables E. The Automotive segments and Faurecia meet part of their financing financing companies in partnership with Santander and BNP Paribas needs by selling receivables to financial institutions. The financing of totalled €6,982 million (€4,619 million in 2016). receivables in the Automotive segments' dealer networks by The sold receivables are derecognised when they meet the criteria specified in Note 6.2. Other financing through the sale of receivables is as follows:

31 December 2017

31 December 2016

Total receivables sold to non-Group financial institutions

Total receivables sold to non-Group financial institutions

Portion sold but not derecognised

Portion sold but not derecognised

(in million euros)

Portion financed by third party financial institution Financed portion (1)

3,094

456

2,266

83 27

of which Faurecia Group >

833

68

864

The financed portion of the receivables corresponds to the portion that gives rise to a cash inflow. (1)

competitiveness and employment, for a total of €57 million. The cash proceeds received at 31 December 2017 amounted to €57 million. The sale of receivables constitutes usual short-term financing. No transaction was carried out in December 2017 outside of the sale of receivables programme.

Furthermore, Peugeot S.A. sold and derecognised in 2017 its claim on the French State under the tax credit for competitiveness and employment (crédit d’impôt pour la compétitivité et l’emploi – CICE), in a total amount of €80 million. The cash proceeds received in the twelve months to 31 December 2017 amounted to €80 million. Besides, Faurecia sold and derecognised its French research tax credits (credit d’impôt recherche – CIR) and tax credit for

206

GROUPE PSA - 2017 REGISTRATION DOCUMENT