FINANCIAL STATEMENTS Consolidated financial statements as of December 31, 2017 3 The breakdown by country of guaranteed debts, mortgages and pledged rents is shown in the following table: In €m Loan amount as of 12/31/2017 Mortgage and pledges amount as of 12/31/2017 France(a) 97.3 156.1 Italy 23.0 90.0 Norway - 68.1 Sweden 315.3 364.0 Denmark 425.4 533.3 Spain - - TOTAL 861.0 1,211.4 (a) Mortgage related to the credit contract of Massalia Shopping Mall. 9.1.3 Commitments related to the Group’s operating Other commitments given activities Other commitments given mainly include payment guarantees given to Tax Authorities in several countries (€23.0 million). Commitments under conditions precedent The commitments under conditions precedent relate to purchase Other commitments given related to lease contracts promissory agreements on land or assets and earn-out payments The construction of the St.Lazare shopping center has been on acquisitions. Commitments have been given for the acquisition of authorized as part of the Temporary Occupation License of the public building rights in France. estate. This license was concluded in July 2008 between SOAVAL (Klépierre Group) and SNCF (National French Rail Network) over a Work completion commitments 40-year period. The work completion commitments concerned amounts to be paid At predetermined deadlines, SNCF has several opportunities with a on works not yet realized in connection with Klépierre development financial and contractual compensation: first to exercise a call option pipeline. The decrease by €17.7 million compared to 2016 relates to on the SOAVAL shares, and secondly to put an end to the Temporary the Val d’Europe extension completion compensated partially by new Occupation License. commitment given for Gran Reno project. Rental guarantees and deposits 9.2 Mutual commitments The “Rental guarantees and deposits” item is mainly composed of Mutual commitments amount to €153.4 million and are related to deposits for the business premises of the Group’s management financial warranties given to contractors mainly on Hoog Catharijne subsidiaries (Klépierre Management) abroad. in The Netherlands (€145.5 million) and the Prado shopping center (€7.9 million). Reciprocally, Klépierre received financial warranties to complete the works from contractors. 9.3 Commitments received In €m 12/31/2017 12/31/2016 Commitments related to Group financing 1,509.8 1,855.4 Financing agreements obtained and not used 1509.8 1,855.4 Commitments related to the Group’s operating activities 482.4 380.9 Sale commitments 96.8 13.5 Financial warranty received in connection with management activity (Loi Hoguet) 190.0 190.0 Financial warranties received from tenants 195.6 177.4 TOTAL 1,992.2 2,236.3 9.3.1 Commitments related to Group financing Financing agreements obtained and not used An additional amount of €165 million is also available in the form of an At December 31, 2017, Klépierre has €1,510 million of committed and uncommitted overdraft with several banks, as of December 31, 2017. undrawn credit lines on bilateral and syndicated loans. Steen & Strøm has €97 million available credit lines as overdrafts. KLÉPIERRE 2017 REGISTRATION DOCUMENT 111