Company financial statements

Company balance sheet as at 31 December (before profit appropriation)


In millions of euros	Notes		2017		2016
Assets
Fixed assets
- tangible fixed assets	1	2.2		3.1
- financial fixed assets	2	9,751.5		9,860.4

			9,753.7		9,863.5
Current assets
- stocks			40.8		35.2
- trade and other receivables			41.8		15.2
- receivables from group companies	3		14.9		37.8
- receivables from joint ventures			0.3		0.3
- cash and cash equivalents			39.2		228.6
			137.0		317.1

Total			9,890.7		10,180.6


In millions of euros	Notes		2017		2016
Equity and liabilities
Equity
- issued share capital	4	0.2		0.2
- revaluation reserve	5	1,702.9		1,761.1
- statutory reserve for participating interests	6	278.8		381.8
- general reserve	7	3,540.9		3,275.3
- result for the year	8	259.5		183.5

			5,782.3		5,601.9

Provisions	9		115.3		112.8

Long-term liabilities
- interest-bearing loans			2,842.9		3,164.3

Current liabilities
- current financing liabilities			589.4		771.4
- trade and other payables	10		174.4		220.1
- liabilities to group companies			386.4		310.1

Total			9,890.7		10,180.6


In millions of euros	Notes		2,017.0		2,016.0

Revenues			495.9		538.1

Staff costs	13	‑177.4		‑170.9
Other operating expenses	14	‑328.7		‑373.7
Depreciation costs		‑0.7		‑0.6

Total expenses			‑506.8		‑545.2

Operating result			‑10.9		‑7.1

Finance income and expenses	16		30.9		37.8
Result of disposals of and investments in associates	6		18.6		0.0
Share in result of group companies and associates	17		231.2		164.5

Result before taxation			269.8		195.2

Taxes	18		‑10.3		‑11.7

Result after taxation	8		259.5		183.5