RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

NOTE 7. Non-controlling interests The primary non-controlling interests are calculated for the following entities or sub-

Easigas entities The Group has consolidated the Easigas entities using the full consolidation method, with a Group ownership rate of 60%, since January 1, 2016. Entities of the Rubis Terminal division Certain entities of the Rubis Terminal division are less than 100% owned (see the consolidation scope in note 3.1)

Galana group Since July 1, 2017, the financial statements include the activities of the Galana group in Madagascar. Some entities are 80% and 90% owned.

groups: SARA

Since June 1, 2015, the Group has consolidated the 71%-owned SARA using the full consolidation method; the 29% non-controlling interests are held by Sol Petroleum Antilles SAS.

7.1 CONDENSED FINANCIAL INFORMATION – SUBSIDIARY WITH NON-CONTROLLING INTERESTS: SARA

The amounts presented below are before the elimination of intercompany transactions and accounts:

12/31/2016

12/31/2017

(in thousands of euros)

Fixed assets

126,667 50,340 112,806

128,879 49,261 102,769

Net financial debt (cash and cash equivalents – liabilities)

Current liabilities (including loans due in less than 1 year and short-term bank borrowings)

12/31/2016

12/31/2017

(in thousands of euros)

NET REVENUE

741,150 18,388

659,654 19,072

TOTAL NET INCOME

Group share

12,226

12,868

Share attributable to non-controlling interests

6,162

6,204 (120)

OTHER COMPREHENSIVE INCOME

541 384 157

Group share

(85) (35)

Share attributable to non-controlling interests COMPREHENSIVE INCOME FOR THE PERIOD

18,929 12,610

18,952 12,783

Group share

Share attributable to non-controlling interests

6,319 6,061

6,169 4,154

Dividends paid to non-controlling interests

Cash flows related to operations

40,575 (18,243) (40,397) (18,065)

52,242 (17,144) (11,679) 23,419

Cash flows related to investment activities Cash flows related to financing activities Change in cash and cash equivalents

2017 Registration Document I RUBIS

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