RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

5.7 OTHER OPERATING INCOME AND EXPENSES

ACCOUNTING POLICIES The Group sets aside operating income and expenses which are unusual, infrequent or, generally speaking, non-recurring, and which could impair the readability of the Group’s operational performance. Other operating income and expenses include the impact of the following on profit and loss: • acquisitions and disposals of companies (negative goodwill, strategic acquisition costs, capital gains or losses, etc.); • capital gains or losses or scrapped property, plant and equipment or intangible assets; • other unusual and non-recurrent income and expenses; • significant provisions and impairment of tangible or intangible assets.

12/31/2016

12/31/2017

(in thousands of euros)

Income from disposal of tangible and intangible assets

(1,353) (4,037)

(771) (344) (289) 2,949 1,545

Strategic acquisition expenses

Other expenses, income and provisions Impact of business combinations and disposals

7,575 2,185

TOTAL

The gain recognized following the acquisition of Rubis Terminal Petrol (formerly Delta Rubis Petrol) is recorded in the impact of business combinations and business disposals (see note 3 “Changes in the scope of consolidation”). In 2016, the impact of the business combinations primarily included the capital gain on the disposal of Multigas operations (see note 3.2.4 “Change in scope of consolidation – Disposal of Multigas” in the 2016 Registration Document).

5.8 COST OF NET FINANCIAL DEBT

12/31/2016

12/31/2017

(in thousands of euros)

Income from cash and cash equivalents

4,125 2,101

3,589

Net proceeds from disposal of marketable securities Interest on borrowings and other financial debt

433

(20,557) (14,331)

(17,181) (13,159)

TOTAL

5.9 OTHER FINANCIAL INCOME AND EXPENSES

ACCOUNTING POLICIES Transactions denominated in foreign currencies are converted by the subsidiary into its operating currency at the rate applicable on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are converted at the exchange rate in effect at the closing date of each accounting period. The corresponding foreign exchange differences are recorded in the income statement under “Other financial income and expenses”.

2017 Registration Document I RUBIS

12/31/2016

12/31/2017

(in thousands of euros)

Foreign exchange losses Foreign exchange gains

(14,223) 18,389 (1,016)

(9,910)

6,104

Other financial income and expenses

644

TOTAL

3,150

(3,162)

221