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 

Company profit and loss account

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