RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 separate financial statements, notes and other information

Note 3. Notes relating to selected balance sheet items

3.1 FINANCIAL ASSETS

Net value as of 12/31/2019

Net value as of 12/31/2018

(in thousands of euros)

Equity interests

1,010,102

1,010,092

Impairment of securities TOTAL

1,010,102

1,010,092

3.2 OTHER FINANCIAL ASSETS

Other financial assets mainly comprise treasury shares. The Shareholders’ Meeting authorizes the Board of Management annually, with the option to delegate such powers, to buy back the Company’s own shares in order to

increase the liquidity or market activity of Rubis shares as part of a liquidity contract, in compliance with the Association Française des Entreprises d’Investissement (French Association of Investment Companies) Code of Ethics.

As of December 31, 2019, Rubis held 21,238 Rubis shares for a purchase price of €1,109 thousand. No impairment has been recognized. Changes during the year were as follows:

Gross value as of 12/31/2019

Gross value as of 12/31/2018

Acquisitions

Disposal

(in thousands of euros)

Treasury shares

1,676 1,676

15,305 15,305

(15,872) (15,872)

1,109 1,109

TOTAL

3.3 INVESTMENT SECURITIES PORTFOLIO

As of December 31, 2019, the investment securities portfolio had a gross value of €138,863 thousand, and a net value of €138,859 thousand.

Gross value as of 12/31/2019 Impairment

Net value as of 12/31/2019

Market value as of 12/31/2019 (1)

Net value as of 12/31/2018

(in thousands of euros)

Sicav

22,266 114,776

(1) (3)

22,265 114,773

22,529 116,633

21,430 113,082

Other funds

Interest receivable on other funds

1,821

1,821

1,821

896

TOTAL

138,863

(4)

138,859

140,983

135,408

(1) Provisional market value as of December 31, 2019.

3.4 RECEIVABLES O t h e r r e c e i v a b l e s , amo u n t i n g t o €539,318 thousand, are all due in less than one year and break down as follows: • €529,922 thousand in intra-group receivables;

• €9,325 thousand in receivables from the French Treasury. This item notably includes a tax payment of €4,903 thousand, which Rubis SCA expects to be refunded by the tax authorities, €2,503 thousand in

receivables related to the tax consolidation and €1,719 thousand relating to the VAT credit to be carried back to December 31, 2019; • €71 thousand in miscellaneous receivables.

274 i Rubis 2019 Universal Registration Document

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