2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 106 CONSOLIDATED FINANCIAL STATEMENTS 4 Financial position statement FINANCIAL POSITION STATEMENT (in € millions) Notes December 31, 2017 December 31, 2016 Goodwill 3.1 25.2 25.2 Intangible assets 3.2 13.2 14.0 Property, plant and equipment 3.3 1,923.2 2,437.6 Investments in affiliates under the equity method 3.4 19.9 14.8 Non-current financial assets 3.5 20.6 167.6 Deferred taxes 3.16 11.5 21.8 Total non-current assets 2,013.5 2,681.0 Inventories and work in progress 3.6 65.2 83.9 Trade and receivables 3.7 347.6 454.5 Current financial assets 3.7 45.0 31.0 Other current assets 3.7 27.5 27.9 Cash and cash equivalents 3.8 243.6 281.5 Total current assets 728.9 878.8 Non-current assets held for sale - - TOTAL ASSETS 2,742.4 3,559.8 Capital 3.9 49.2 48.5 Share premiums 100.8 91.0 Consolidated reserves, group share (including profit for the year) 421.3 1,004.2 Total shareholders’ equity, group share 571.3 1,143.7 Non-controlling interests 72.3 111.8 Total shareholders’ equity 643.6 1,255.5 Borrowings and financial liabilities 3.14 183.8 218.7 Employee benefit obligations 3.13 15.0 14.9 Other provisions 3.13 69.4 74.0 Deferred taxes 3.16 22.8 30.8 Other non-current liabilities 15.7 31.4 Total non-current liabilities 306.8 369.7 Borrowings and financial liabilities (< one year) 3.14 1,348.5 1,237.8 Bank overdrafts and short-term lines 3.14 76.4 293.3 Provisions (< one year) 3.13 25.8 30.9 Trade and other payables 334.7 349.9 Tax liabilities 3.8 3.3 Other current liabilities 2.8 19.4 Total current liabilities 1,792.0 1,934.5 Liabilities directly associated with non-current assets classified as held for sale Total liabilities 2,098.8 2,304.3 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 2,742.4 3,559.8