FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 5.11.3 Financial covenants relating to financing and rating The Group’s main credit agreements contain financial covenants, which could lead to a mandatory prepayment of the debt. As of December 31, 2017, the Group’s financing covenants remain in line with the commitments agreed to under its contracts. The financial ratios are disclosed in the management report (see “Financial resources” Note). 5.11.4 Breakdown of borrowings by maturity date Breakdown of current and non-current financial liabilities In €m Total Less than one year One to five years More than five years NON-CURRENT Bonds net costs/premiums 5,952.3 1,965.6 3,986.6 > of which revaluation due to fair value hedge 28.8 28.8 Loans and borrowings from credit institutions – more than one year 1,240.2 602.8 637.5 Fair value adjustment of debt(a) 60.4 60.4 Other loans and borrowings 115.4 107.9 7.5 > Advance payments to the Group and associates 107.9 107.9 > Leasehold > Other loans 7.5 7.5 TOTAL NON-CURRENT FINANCIAL LIABILITIES 7,368.2 2,736.7 4,631.5 CURRENT Bonds net costs/premiums 331.9 331.9 > of which revaluation due to fair value hedge Loans and borrowings from credit institutions – less than one year 76.9 76.9 Accrued interest 95.1 95.1 > on bonds 87.2 87.2 > on loans from credit institutions 6.1 6.1 > on advance payments to the Group and associates 1.8 1.8 Commercial paper 1,711.6 1,711.6 Other loans and borrowings 1.6 1.6 > Advance payments to the Group and associates 1.6 1.6 TOTAL CURRENT FINANCIAL LIABILITIES 2,217.2 2,217.2 TOTAL NON-CURRENT AND CURRENT FINANCIAL LIABILITIES 9,585.4 2,217.2 2,736.7 4,631.5 (a) Corresponds to the remaining amount of the market value adjustment of Corio’s debt recorded at the acquisition date. Maturity schedule of financing including principal and interests (non-discounted) amounts are as follows: Repayment year 2026 In €m 2018 2019 2020 2021 2022 2023 2024 2025 and after Total Principal 2,117 345 590 1,258 395 894 713 293 2,725 9,331 Interest 149 149 131 92 80 67 62 51 158 940 TOTAL FOR THE GROUP (PRINCIPAL + INTERESTS) 2,266 494 722 1,350 475 961 775 344 2,884 10,271 All commercial papers in euros will mature during 2018 (€1,493 million). currencies, 2,150 million Norwegian Kroner of commercial papers Commercial paper is essentially short term resources used on a (€218 million) and several loans or bonds in NOK and SEK (€76 million) rollover basis. They are fully covered by back-up lines. In Scandinavian will mature in 2018. 98 KLÉPIERRE 2017 REGISTRATION DOCUMENT