RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

Note 10. Other information

10.1 FINANCIAL COMMITMENTS

COMMITMENTS GIVEN AND RECEIVED (in thousands of euros)

12/31/2019

12/31/2018

Liabilities secured Commitments given

110,336 464,005 459,440

159,958 407,741 246,740 25,292 135,709 529,911 498,850

Guarantees and securities Other commitments given

Forward purchases of currencies

4,565

Commitments received Confirmed credit facilities Guarantees and securities

224,783 200,000

24,783

31,061

Other

Guarantees and sec urities received largely concern guarantees obtained from customers located in the Caribbean zone and, to a lesser degree, customers of Vitogaz France. As of December 31, 2019, the Group had interest rate hedging agreements (caps and floors) in the amount of €696 million (excluding hedges for liabilities related to a group of assets held for sale) on a total

of €1,325.4 million in variable rate debt, representing 53% of that amount. As part of its acquisition and disposal transac tions concerning subsidiaries, the Group gives or receives guarantees on liabilities, with no specific duration or amount.

The guarantees and securities given mainly concern: • bank guarantees granted on loans obtained by the Group’s subsidiaries; • guarantees required by suppliers of petroleum products; • guarantees given to customs authorities; • environmental guarantees.

PLEDGED ASSETS AS OF DECEMBER 31, 2019 (CLASSIFIED AS GROUPS OF ASSETS HELD FOR SALE)

Amount of assets pledged (a)

Asset item total in gross value (b)

Start date of pledge

Maturity date of pledge

Liabilities secured

On financial assets (in thousands of euros)

% a/b

Name of shareholder registered (directly registered shares) Rubis Terminal (1) TOTAL RUBIS TERMINAL TOTAL LIABILITIES SECURED

4/1/2015

3/31/2021

43,125 43,125 43,125

61,172 61,172

273,290

22%

Number of shares pledged

% of share capital pledged

Condition for exercise of pledge Repayment of the loan in full

Subsidiaries whose assets are pledged

Beneficiary

(1) Rubis Terminal BV

416,766

100%

ABN AMRO

The pledges of property, plant and equipment mentioned in note 4.10.1 correspond essentially to property held under finance leases, and are not included above. The pledged assets represent less than 1% of Rubis’ consolidated balance sheet as of December 31, 2019.

268 i Rubis 2019 Universal Registration Document