RUBIS_REGISTRATION_DOCUMENT_2017

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

NOTES TO THE SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017

Note 1. Presentation of the Company

236

Note 2. Accounting rules and methods

236

Note 3. Notes relating to selected balance sheet items

237

Note 4. Notes relating to selected income statement items

240

Note 5. Other information

241

NOTE 1.

Presentation of the Company

petroleum products, fertilizers, chemical products and agrifood products; • Rubis Énergie , which specializes in the trading and distribution of liquefied petroleum gas (LPG) and petroleum products; • Rubis Support and Services houses

Rubis Group operates 3 businesses in the energy sector: • Rubis Terminal (bulk liquid storage), which via its subsidiary, Rubis Terminal, and the companies owned by the subsidiary in France (including Corsica), the Netherlands, Belgium, and Turkey, specializes in the storage and trading of

all infrastructure, transportation, supply and services activities, supporting the development of downstreamdistribution and marketing activities. Rubis Énergie and Rubis Support and Services , which have a presence on 3 continents (Europe, Africa and the Caribbean).

NOTE 2. Accounting rules and methods The financial statements for the year ended December 31, 2017 are presented in accordance with legal and regulatory provisions applicable in France. The annual financial statements of Rubis are presented in thousands of euros. Depreciation for impairment is calculated according to the straight-line method as follows: Duration Intangible assets 1 to 10 years

Value in use is calculated based on the various intangible items that are recognized when the equity interests are acquired and is remeasured annually. 2.3 INVESTMENT SECURITIES Investment securities are recognized at their acquisition cost. In the event of disposals of securities of the same kind giving the same rights, the cost of the securities disposed of was determined using the First-In First-Out (FIFO) method.

Facilities and fixtures Office equipment Movable property

4 to 10 years 3 to 10 years 4 to 10 years

The following should be noted in relation to the way in which the financial statements are presented.

2.2 FINANCIAL ASSETS Equity interests are recognized at their acquisition cost. A provision for impairment is recognized if their value in use falls below their book value. The value in use is determined on the basis of discounted future cash flows.

2.1

PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

2017 Registration Document I RUBIS 236

Property, plant and equipment and intangible assets are valued at their acquisition cost.