FINANCIAL STATEMENTS Corporate financial statements as of December 31, 2017 3 3.2 Financial assets > the recapitalization of subsidiaries mainly performed through the offsetting of advances receivables on the following companies: 3.2.1 Equity investments — Klépierre Nordica BV for €317.6 million by contribution in kind of advances held on Storm Holding Norway AS, In €k — SC Nueva Condo Murcia S.L.U for €50 million, Gross equity investments on opening 8,843,536 — Corio Italia Srl for €24.7 million, Acquisitions of equities 1,193,673 — Corio Real Estate RL for €22.7 million. > received in payment for contributions of buildings or shares to subsidiaries - The “Decrease in equities” item mainly includes: > purchases, capital increase and contributions 1,193,673 Decrease in equities -27,353 > the premium distributions and capital reductions of the following > Decreases, capital reductions and contributions -27,353 companies: Disposals and transfers of equities -755,225 — La Plaine du Moulin à Vent SCI for €21.9 million, > retirement of shares -755,221 > sales of shares -4 — Portes de Claye SCI for €5.5 million. Allocation of technical losses 526,733 The “Disposals and transfers of equities” item mainly includes: Gross equity investments on closing 9,781,364 > the cancellation of equities following the merger into Klépierre SA of Corio SAS for €755.2 million; The “Acquisitions of equities” item mainly includes: > the cancellation of equities following the liquidation of La Plaine > €281.6 million accounting book value of equities acquired through du Moulin à Vent SCI for €0.05 million. Corio SAS merger; The merger loss has been allocated to the underlying assets on the > acquisitions of the following securities: basis of the existing reliable capital gains as at January 1, 2017. The — Klécar Foncier España S.L.U for €192.7 million, technical loss from the Corio SAS merger has been allocated to the equities of former Corio SAS companies for €526.7 million in the — Principe Pio SA for €180 million, “Allocation of technical losses” item. — SC Nueva Condo Murcia S.L.U for €124 million; Provisions Provisions Provisions In €k at 12/31/2016 Allowances Write-backs Mergers at 12/31/2017 Financial assets Investments 584,909 95,502 -211,643 110,813 579,581 TOTAL PROVISIONS 584,909 95,502 -211,643 110,813 579,581 Changes in the item “Provisions for investments” are mainly due to: > write-backs ovf impaired shares of: > impairment of shares of: — Klépierre Nederland BV for €178.7 million, — Akmerkez Gayrimenkul for €37.6 million, — Corio Real Estate for €25.4 million, — Klépierre Grand Littoral SAS for €25.8 million, — Klépierre Management Espagne for €3.4 million, — Klé Projet 1 SAS for €7.4 million, — Klépierre Koln Holding for €2.2 million, — Centre Bourse SNC for €7.0 million, — Klépierre Creteil SA for €1.9 million. — Klépierre Berlin for €6.2 million; KLÉPIERRE 2017 REGISTRATION DOCUMENT 143