FINANCIAL STATEMENTS 3Corporate financial statements as of December 31, 2017 The €4.1 million change in the “Interest on loans from credit Allocations to financial provisions mainly include: institutions” item was due to: > €94.7 million for provision of impairment of securities; > a €1.3 million increase interest on credit lines; > €12.4 million for provision for risks on swaps for trading; > an €0.8 million decrease in interest on commercial paper; > €54.7 million for impairment of receivables related to investments; > and €4.6 million decrease following the repayment of the mortgage > €8.3 million for provision of treasury shares. loan in 2016. At December 31, 2017, net income on interest rate swaps corresponds to: Exchange losses correspond mainly to the exchange loss on the SEK advance of €7.4 million and the net loss on swaps of €3.5 million (loss > €15.6 million from interest rate swaps qualifying as hedges; of €5.4 million on foreign exchange swaps and net result of interest > the spread of swap contracts with a net charge of €50.3 million. rate swaps in isolated open position for €1.9 million), as well as the revaluation of bank accounts in foreign currency of €1.7 million. Interest on current accounts and deposits corresponds mainly to interest from the automatic cash pooling with Klépierre Finance for a net amount of €1.6 million. 5.4 Non-recurring income In €k 12/31/2017 12/31/2016 Income from disposal of investments properties -5,575 6,416 Income from disposal of equity investments -13,003 -1,350 Income from disposal of treasury shares 1,926 -4,960 Income from disposal of bond buybacks -12,620 - Other non-recurring income and expenses - - Write-back of provisions and transfer of expenses 18,842 881 TOTAL -10,430 987 The “Income from disposal of investment properties” item mainly These disposal losses have been compensated by the reversals of the includes the disposal losses from the sale of a plot of land situated in previously booked related impairments. Consequently “Write-back of Vannes (56) for €1.1 million and the disposal of the building Charras provisions and impairments” item corresponds to the write-back for in Courbevoie (92) for €4.5 million. impairment of Corio Lulin equities for €13.7 million and the write-backs The “Income from disposal of investment properties” item mainly for impairment of the Vannes assets for €1 million and Charras for includes disposal loss from the disposal of equities and the current €4.2 million. account of Corio Lulin on December 28, 2017. 5.5 Corporate income tax In €k 12/31/2017 12/31/2016 Corporate income tax and contributions 18,143 -729 TOTAL 18,143 -729 The “Corporate income tax and contributions” item mainly includes tax refunds receivable on the 3% contributions on dividends paid for €12 million and the late interest and default interest following a refund of €6.1 million obtained in 2016 as settlement for a tax dispute. 152 KLÉPIERRE 2017 REGISTRATION DOCUMENT