RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

Net income for the period given above includes the following items:

12/31/2016

12/31/2017

(in thousands of euros)

Depreciation expense

(5,734)

(4,384)

Interest income and expense

(652)

(553)

Income tax

(1,338)

(1,434)

12/31/2016

12/31/2017

(in thousands of euros)

Net assets in the joint venture

75,494

68,969

Rubis percentage held in the joint venture

50%

50%

Goodwill Other adjustments NET BOOK VALUE OF THE GROUP’S INTEREST IN THE JOINT VENTURE

37,747

34,485

The Group received no dividends in respect of the period from the ITC Rubis Terminal Antwerp joint venture.

NOTE 10. Other information

10.1 FINANCIAL COMMITMENTS

Commitments given and received (in thousands of euros)

12/31/2016

12/31/2017

Liabilities secured Commitments given

122,668 289,310 289,310 526,696 489,900

157,066 170,630 170,630 368,809 331,663

Guarantees and securities Commitments received Confirmed credit facilities Guarantees and securities

36,796

36,720

Other

426

• environmental guarantees. Guarantees and securities received largely concern guarantees obtained from customers located in the Caribbean zone and, to a lesser degree, customers of Vitogaz France. The Group established interest rate hedging agreements (swaps) in the amount

of €783 million on a total €1,200.7 million of variable rate debt as of December 31, 2017, representing 65% of that debt. As part of its acquisition and disposal transactions 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;

2017 Registration Document I RUBIS 230