FINANCIAL STATEMENTS Consolidated financial statements as of December 31, 2017 3 At December 31, 2016, the amortization table for these contractual flows was as follows: Repayment year 2025 In €m 2017 2018 2019 2020 2021 2022 2023 2024 and after Total Principal 2,441 431 398 601 1,346 187 901 718 1,907 8,930 Interest 163 142 138 118 75 64 53 48 136 937 TOTAL FOR THE GROUP (PRINCIPAL + INTERESTS) 2,603 572 536 719 1,422 251 954 766 2,043 9,867 5.12 Hedging instruments 5.12.1 Rate hedging portfolio As part of its risk management policy (see note 8), Klépierre has settled interest rate swap or cap agreements allowing to switch from floating rate to fixed rate debt and vice-versa. Thanks to these instruments, the Group’s hedging rate (the proportion of gross financial debt arranged or hedged at fixed rate) was 95% as of December 31, 2017. At December 31, 2017, the breakdown of derivatives by maturity date was as follows: Hedging relationship Derivatives of Klépierre Group In €m Currency 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total Cash-flow hedge 943 EUR 350 114 464 NOK 163 51 30 244 SEK 20 61 61 30 173 DKK 63 63 Fair value hedge 344 EUR 250 94 344 NOK SEK DKK Trading 3,099 EUR 700 410 1,450 300 2,860 NOK SEK 51 41 91 DKK 40 107 148 TOTAL FOR THE GROUP 720 573 1,852 908 189 30 114 4,386 The “trading” category includes a portfolio of caps (€1.34 billion of notional), a portfolio of €1.26 billion of payer swaps and one receiver swap maturing in 2020 for €400 million. At December 31, 2017, the corresponding contractual flows (interest) break down as follows (positive flows = payer flows): Hedging In €m relationship 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total Swaps Cash-flow hedge 2 1 -0 -0 -0 -0 -1 -1 -1 0 Swaps Fair value hedge -17 -16 -7 -1 -42 Swaps/cap Trading -6 -8 16 -0 2 EUR-denominated derivatives -21 -23 8 -1 -0 -0 -1 -1 -1 -40 NOK-denominated derivatives 2 0 -0 -0 -0 -0 2 SEK-denominated derivatives 5 4 3 1 0 14 DKK-denominated derivatives 2 2 1 1 0 6 TOTAL FOR THE GROUP -12 -17 13 1 -0 -1 -1 -1 -1 -18 KLÉPIERRE 2017 REGISTRATION DOCUMENT 99