FINANCIAL STATEMENTS 3Corporate financial statements as of December 31, 2017 4.4 Trade and other payables On average, suppliers are paid approximately 40 days from the invoice receipt date. 4.5 Social and tax liabilities 4.7 Prepaid income In €k 12/31/2017 12/31/2016 In €k 12/31/2017 12/31/2016 Personnel and related accounts 1,474 851 Prepaid income 16,214 22,805 Other taxes 2,819 1,533 > Deferral of payment on swaps 279 4,796 TOTAL 4,293 2,384 > Deferral of bond issue premiums 12,233 16,460 > Entry fees 267 104 In 2017, the “Other taxes” mainly corresponds to accruals for payroll > Other 3,435 1,445 taxes for an amount of €1.3 million and to the outstanding output VAT TOTAL 16,214 22,805 for €1.1 million. The issuance premium of bonds is straight-lined over the term of 4.6 Other liabilities bonds. Entry fees are straight-lined over the initial minimum period of the In €k 12/31/2017 12/31/2016 lease. The balance at December 31, 2017 stand to €0.3 million, profit and loss impact of the period stand to €0.1 million. (1) 30 249 Clients – Discounts Other prepaid income mainly corresponds to the outstanding balance (1) 29,421 5,301 Other to straight-line of the interest income on commercial paper for TOTAL 29,451 5,550 €1.3 million as well as of the income from capital expenditure invoiced (1) Less than one year. to tenants for €1.4 million. The latest is straight-lined during the firm lease term period for the amounts exceeding 0.4 million per building. The item “Other” mainly includes the current account with Bresta I to €23.4 million; 4.8 Currency translation adjustment – liabilities Currency translation adjustment for liabilities correspond to the revaluation of the hedge for the draw-down from the 2015 USD syndicated loan for €1.5 million, and USD commercial paper for €0.4 million and differences in the evaluation of swaps in isolated open position for €5.5 million, and an amount of €15.5 million corresponding to the foreign exchange realized on currency swaps hedging the USD exposure related to Akmerkez’s Turkish assets. Note 5 Notes to the financial statements: income statement 5.1 Operating income 5.2 Share of income from joint operations Operating income at December 31, 2017 was -€1.3 million, an increase This item amounted to €112.6 million at December 31, 2017 and mainly of €2.7 million compared to December 31, 2016. included: The change in operating revenue is explained by an increase in > €15.5 million dividends related to 2016 income received from the revenue of €9.5 million, mainly from the rental income from the Caen, limited partnerships Cecobil, Soaval and Bègles Arcins; Saint-Étienne, Marseille and Metz centers transferred to Klépierre SA > the Company’s share in the 2017 profit of SNC Klécar France following the merger with Corio SAS. for €36.8 million, SC SCOO for €13.7 million, SCI Solorec for €14.7 million and SCI Secovalde for €12.7 million; > the Company’s share in the 2017 loss of SCI Bassin Nord for €5.4 million and SNC Klépierre Management for €4.7 million. 150 KLÉPIERRE 2017 REGISTRATION DOCUMENT