FINANCIAL STATEMENTS 3Consolidated financial statements as of December 31, 2017 5.5 Equity method investments Changes in scope of Capital consolidation 12/31/2016 Share in net Dividends increases and Currency and other 12/31/2017 In €m Group share income 2017 received reductions fluctuations movements Group share Investments in jointly-controlled companies 838.8 84.6 -1.6 -7.6 -13.0 -0.8 900.5 Investments in companies under significant influence 228.7 -10.2 -11.3 -34.0 0.4 173.7 EQUITY METHOD INVESTMENTS 1,067.5 74.4 -12.9 -7.6 -46.9 -0.4 1,074.1 34 companies are consolidated under the equity method as of December 31, 2017, of which 26 are jointly controlled and eight are under significant influence. The main elements of the balance sheet and income statement of joint ventures or jointly-controlled companies(1) are presented below (the values shown below include consolidation restatements): 12/31/2017 12/31/2016 In €m 100% Group share 100% Group share Non-current assets 2,583.5 1,276.9 2,466.4 1,216.2 Current assets 91.7 45.3 83.2 41.3 Cash and cash equivalents 78.5 37.8 114.3 56.2 Non-current external financial liabilities -108.7 -51.8 -138.4 -66.6 Non-current financial liabilities Group and partners -557.2 -278.6 -616.2 -308.2 Non-current liabilities -235.1 -120.5 -165.7 -86.1 Current external financial liabilities -12.9 -6.3 -12.3 -6.1 Current liabilities -4.2 -2.3 -13.5 -7.7 NET ASSETS 1,835.8 900.5 1,717.8 838.8 12/31/2017 12/31/2016 In €m 100% Group share 100% Group share Revenues from ordinary activities 143.0 70.9 158.2 78.2 Operating expenses -26.4 -13.2 -32.9 -16.3 Change in value of investment properties 127.7 65.9 75.8 37.4 Financial income -22.5 -11.2 -23.5 -11.7 Profit before tax 221.8 112.4 177.6 87.6 Tax -55.6 -27.8 -48.2 -24.1 NET INCOME 166.2 84.6 129.4 63.5 Klépierre’s share in the external net debt (current and non-current external financial liabilities adjusted by cash and cash equivalent) of its jointly-controlled companies amounts to €20.3 million as of December 31, 2017, compared to €16.5 million as of December 31, 2016. The main elements of the balance sheet and income statement of companies under significant influence(2) are presented below (the values shown below include consolidation restatements): 12/31/2017 12/31/2016 In €m 100% Group share 100% Group share Non-current assets 394.1 174.4 487.3 225.6 Current assets 2.2 0.9 7.0 3.1 Cash and cash equivalents 7.4 3.3 7.8 3.6 Non-current external financial liabilities -0.8 -0.3 -4.1 -1.9 Non-current financial liabilities Group and partners -0.5 -0.1 -0.7 -0.3 Non-current liabilities -1.8 -0.7 -1.5 -0.6 Current external financial liabilities -0.1 -0.0 Current liabilities -8.2 -3.8 -1.5 -0.7 NET ASSETS 392.3 173.7 494.2 228.7 (1) Cécobil SCS, Du Bassin Nord SCI, Le Havre Vauban SNC, Le Havre Lafayette SNC, Girardin SCI, Société Immobilière de la Pommeraie SC, Parc de Coquelles SNC, Kleprim’s SCI, Celsius Le Murier SNC, Celsius Haven SNC, Clivia S.p.A, Galleria Commerciale Il Destriero S.p.A, CCDF S.p.A, Galleria Commerciale Porta di Roma S.p.A, Galleria Commerciale 9 S.r.l, Italian Shopping Centre Investment S.r.l, Holding Klege S.r.l, Nordbyen Senter 2 AS, Metro Senter ANS, Økern Sentrum Ans, Økern Eiendom ANS, Metro Shopping AS, Nordbyen Senter DA, Økern Sentrum AS, Nordal ANS, Klege Portugal SA. (2) La Rocade SCI, La Rocade Ouest SCI, Du Plateau SCI, Achères 2000 SCI, Le Champs de Mais SC, Société du bois des fenêtres SARL, Akmerkez Gayrimenkul Yatirim Ortakligi AS, Step In SAS. 90 KLÉPIERRE 2017 REGISTRATION DOCUMENT