RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9 2017 separate financial statements, notes and other information

STATEMENT OF CASH FLOWS

12/31/2016

12/31/2017

(in thousands of euros)

Operating activity Net income for the year Depreciation and provisions

140,448

166,285

208

109

Capital gains or losses on disposals of fixed assets

17

CASH FLOW (A)

140,656

166,412 (119,866) (120,670)

Decrease/(increase) in working capital requirements (B):

74,800 75,893 (1,093)

• operating receivables

• trade payables

804

OPERATING CASH FLOWS (A + B) (I)

215,456

46,546

Investments Acquisitions of interests during the current year: • Rubis Terminal division

(52,635)

• Rubis Énergie division*

(203,000) (22,509)

• Rubis Patrimoine

Other

1,447

(1,134)

CASH FLOW ALLOCATED TO INVESTMENTS (II) CASH FLOW GENERATED BY THE BUSINESS (I + II)

(224,062)

(53,769) (7,223)

(8,606)

Financing Increase/(decrease) in financial liabilities

50

(71)

Increase in shareholders’ equity

115,778 (133,009) (17,181) (25,787) 404,996 (25,787) 379,209

128,007 (124,900) 3,036 (4,187) 409,183 (4,187) 404,996

Dividend paid

CASH FLOW FROM FINANCING ACTIVITIES (III) OVERALL CHANGE IN CASH FLOW (I + II + III)

Opening cash and cash equivalents

Overall change in cash and cash equivalents

Closing cash and cash equivalents

Financial liabilities

(226)

(176)

Closing cash and cash equivalents net of financial debt

378,983

404,820

* Rubis Énergie capital increase.

2017 Registration Document I RUBIS

235