RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

4.5.5 Cash and cash equivalents

ACCOUNTING POLICIES Cash and cash equivalents include current bank accounts and UCITS units which can be mobilized or sold in the very short term (less than 3 months) and which present no significant risk of change in value, according to the criteria stipulated in IAS 7. These assets are carried at fair value.

12/31/2016

12/31/2017

(in thousands of euros)

OEIC

22,497

21,922

Equities

0

2

Other funds

124,963

117,528

Interest receivable

592

1,484

Cash

677,250 825,302

692,716 833,652

TOTAL

Rubis holds 92% of the marketable securities. Equity risk The Group is not exposed to equity risk, as it does not hold a large equity portfolio. 4.5.6 Credit risk Customer concentration risk Revenue generated with the Group’s largest customer, the top 5 customers and the top 10 customers over the past 2 fiscal years.

2016

2017

Top customer

9%

11% 19% 22%

Top 5 customers Top 10 customers

17% 21%

The Group’s maximal credit risk exposure from trade receivables at the closing date is as follows for each geographic zone:

Net book value

12/31/2016

12/31/2017

(in thousands of euros)

Europe

98,374 170,881 112,199 381,454

91,490 99,790 52,620 243,900

Caribbean

Africa TOTAL

The age of the current assets at the closing date breaks down as follows:

Assets due unimpaired

Net book value

Assets not yet due

Under 6 months

6 months to 1 year

Book value

Impairment

Over 1 year

(in thousands of euros)

Trade and other receivables

551,168 39,862 33,177 624,207

35,453

515,715 39,862 33,177 588,754

408,612 31,764 29,836 470,212

79,802

18,267

9,034 1,311 3,062

Income tax receivables Other current assets

1,203

5,584

130

149

TOTAL

35,453

81,135

24,000

13,407

2017 Registration Document I RUBIS

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