FINANCIAL STATEMENTS Consolidated financial statements as of December 31, 2017 3 Note 11 Additional Information 11.1 Transactions with related parties 11.1.3 Relationships between Klépierre Group consolidated companies 11.1.1 Transactions with the Simon Property Group Transactions between related parties were governed by the same At Company’s knowledge and including treasury shares, the Simon terms as those applying to transactions subject to normal conditions Property Group holds a 20.33% equity stake in Klépierre SA as of of competition. The end-of-period balance sheet positions and December 31, 2017. transactions conducted during the period between fully consolidated companies are completely eliminated. At this date, there are no transactions between the two companies. The following tables show the positions and transactions of companies 11.1.2 Transactions with the APG Group consolidated under equity method (over which the Group has significant influence or a joint control) that have not been eliminated At Company’s knowledge and including treasury shares, the APG Group in consolidation. A full list of Klépierre Group companies consolidated holds a 13.49% equity stake in Klépierre SA as of December 31, 2017. under equity method is given in section 11.8 “List of consolidated entities”. At this date, there are no transactions between the two companies. Balance sheet positions with related parties at period-end 12/31/2017 12/31/2016 Companies consolidated Companies consolidated In €m under equity method under equity method Loans and advances to companies consolidated using the equity method 278.7 308.5 Non-current assets 278.7 308.5 Trade accounts and notes receivable 5.3 5.3 Other receivables 7.0 3.7 Current assets 12.3 9.0 TOTAL ASSETS 291.0 317.5 Loans and advances from companies consolidated using the equity method 1.4 7.7 Non-current liabilities 1.4 7.7 Trade payables 0.4 0.2 Other liabilities 0.1 0.3 Current liabilities 0.5 0.5 TOTAL LIABILITIES 1.9 8.2 “Income” items related to transactions with related parties 12/31/2017 12/31/2016 Companies consolidated Companies consolidated In €m under equity method under equity method Management, administrative and related income 6.6 8.0 Operating income 6.6 8.0 Net cost of debt 10.9 11.6 Profit before tax 17.5 19.6 NET INCOME OF THE CONSOLIDATED ENTITY 17.5 19.6 Most of these items relate to management and administration fees and income on financings provided mainly to equity accounted investees. KLÉPIERRE 2017 REGISTRATION DOCUMENT 121