RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

Breakdown of financial assets by class (IFRS 7) and by category (IFRS 9) (in thousands of euros)

Value on balance sheet

Fair value

12/31/2019

12/31/2019

Note

12/31/2018

12/31/2018

AT AMORTIZED COST

708,123

696,632

708,123

696,632

Bonds and negotiable debt securities

4.5.1 4.5.1 4.5.1 4.5.2 4.5.4 4.5.2 4.5.3

932

300

932

300

Other receivables from investments (long term) Loans, deposits and guarantees (long term) Loans, deposits and guarantees (short term)

12,824 10,982

12,784 11,509

12,824 10,982

12,784 11,509

1,252

782

1,252

782

Trade and other receivables

611,335 14,567 34,360 21,871 145,534 144,755

582,059 18,498 28,500 42,200 78,918 78,704

611,335 14,567 34,360 21,871 145,534 144,755

582,059 18,498 28,500 42,200 78,918 78,704

Prepaid expenses

Other non-current assets

Tax receivables

FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Equity interests

4.5.1 4.5.2

Derivative instruments

779

214

779

214

FAIR VALUE THROUGH PROFIT OR LOSS

860,150 860,150

755,969 755,969

860,150 860,150

755,969 755,969

Cash and cash equivalents TOTAL FINANCIAL ASSETS

4.5.5

1,713,807

1,531,519

1,713,807

1,531,519

Fair value of financial instruments by level (IFRS 7) Equity interests and other available-for-sale financial assets are considered to be level 3 (non-observable data), as the shares are not listed.

As of December 31, 2019, equity investments in non-consolidated companies correspond chiefly to the acquisition of new businesses that were temporarily not consolidated as of the balance sheet date due to the fact that the takeover was too late in view of the Group’s consolidation procedures.

The fair value of derivative instruments is determined using valuation models based on observable data (level 2). Cash and cash equivalents are detailed in note 4.5.5. They are classified as level 1, with the exception of term deposits in the amount of €136 million, which are considered as level 2.

4.5.1 NON-CURRENT FINANCIAL ASSETS Other financial assets notably include equity interests, other long term receivables from

investments, long-term securities, long-term loans, long-term deposits and guarantees

and long-term marketable securities that are not considered cash or cash equivalents.

Gross value (in thousands of euros)

12/31/2019

12/31/2018

Equity interests

147,088 12,824

78,729 12,784

Other receivables from investments

Long-term securities

2,369

1,689

Loans, deposits and guarantees TOTAL OTHER FINANCIAL ASSETS

11,002

11,540

173,283

104,742

Impairment NET VALUE

(3,790)

(1,445)

169,493

103,297

• the acquisition, in December 2019 of 100% of the share capital of Gulf Energy Holdings Limited (see note 3.2.2). This will be fully consolidated in 2020. Other receivables from investments mainly include advances made to EIGs or joint ventures.

Equity interests in non-controlled entities correspond mainly to: • shares of the EIG held by Rubis Antilles Guyane; • non-controlling interests held by Rubis Energia Portugal in 2 entities in Portugal;

Loans, deposits and guarantees paid correspond essentially to advances made to certain distributors working for the Group and guarantees given to suppliers of petroleum products.

Rubis 2019 Universal Registration Document i 239