FINANCIAL STATEMENTS Corporate financial statements as of December 31, 2017 3 3.3.3 Notes to the corporate financial statements NOTE 1 SIGNIFICANT EVENTS 136 NOTE 4 NOTES TO THE FINANCIAL STATEMENTS: 1.1 Changes in debt 136 BALANCE SHEET LIABILITIES 148 1.2 Internal restructuring 136 4.1 Shareholders’ equity 148 1.3 Payment of dividends 136 4.2 Provisions for contingencies and losses 148 1.4 Disposal of Charras real estate assets 4.3 Loans and borrowings 149 in Courbevoie 136 4.4 Trade and other payables 150 1.5 Share buyback program 136 4.5 Social and tax liabilities 150 1.6 Acquisition of equity investments 136 4.6 Other liabilities 150 4.7 Prepaid income 150 NOTE 2 ACCOUNTING PRINCIPLES 4.8 Currency translation adjustment – liabilities 150 AND MEASUREMENT METHODS 136 2.1 Application of accounting conventions 136 NOTE 5 NOTES TO THE FINANCIAL STATEMENTS: 2.2 Measurement methods 136 INCOME STATEMENT 150 2.3 Mergers and similar transactions 138 5.1 Operating income 150 2.4 Receivables, debts and cash and cash equivalents 138 5.2 Share of income from joint operations 150 2.5 Marketable securities 138 5.3 Net financial income 151 2.6 Deferred expenses: loan issue costs 138 5.4 Non-recurring income 152 2.7 New recognition rules for forward financial 5.5 Corporate income tax 152 instruments and hedge transactions 139 2.8 Translation adjustment (assets and liabilities) 140 NOTE 6 NOTES TO THE FINANCIAL STATEMENTS: 2.9 Operating income and expenses 140 OFF-BALANCE SHEET COMMITMENTS 153 2.10 Employee benefits 140 6.1 Mutual commitments relating to interest rate 2.11 The tax credit for competitiveness hedging instruments 153 and employment (CICE) 140 6.2 Others Commitments 153 2.12 Tax regime adopted by the Company 140 NOTE 7 ITEMS CONCERNING RELATED COMPANIES 155 NOTE 3 NOTES TO THE FINANCIAL STATEMENTS: BALANCE SHEET ASSETS 141 NOTE 8 OTHER DISCLOSURES 155 3.1 Intangible assets and property, plant 8.1 Automatic cash centralization 155 and equipment 141 8.2 Employees 155 3.2 Financial assets 143 8.3 Loans and guarantees granted and set up 3.3 Other fixed assets 146 for corporate officers and Supervisory Board 3.4 Trade and other receivables 146 members 155 3.5 Marketable securities and treasury shares 147 8.4 Compensations paid to corporate officers 3.6 Prepaid expenses and deferred expenses 147 and to Supervisory Board members 155 3.7 Translation adjustment for assets 147 8.5 Post-balance sheet date events 155 NOTE 9 CONSOLIDATION INFORMATION 155 KLÉPIERRE 2017 REGISTRATION DOCUMENT 135