2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 143 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 4 3.13 EMPLOYEE BENEFIT OBLIGATIONS AND OTHER PROVISIONS Provisions can be analyzed as follows: (in € millions) Employee benefit obligations Business risks Tax audits Other tax risks Other provisions for risks and contingencies Provisions for major maintenance Total 01.01.2016 15.5 5.6 4.7 11.2 7.4 49.8 94.3 of which current portion 1.9 1.1 - - - 11.5 14.4 Provisions for the year 1.8 0.2 10.2 2.7 5.8 22.5 43.3 Used during the year (0.9) (1.8) - (3.9) (1.7) (6.6) (15.0) Unused amount reversed (0.5) (0.1) (0.3) (1.9) (0.8) (2.1) (5.7) Change in consolidation scope - - - - - - - Currency translation adjustment (0.0) 0.6 - 0.7 0.6 1.0 2.8 Reclassification and other changes 0.9 - (0.7) - - - 0.2 12.31.2016 16.7 4.5 13.9 8.9 11.2 64.5 119.8 of which current portion 1.9 - - - - 29.0 30.9 Provisions for the year 1.8 0.1 2.5 0.9 1.8 12.9 20.0 Used during the year (1.3) (0.8) (0.8) (0.6) (2.6) (6.4) (12.5) Unused amount reversed (0.6) (0.3) (0.1) (0.2) (3.5) (7.6) (12.2) Change in consolidation scope - - - - - - - Currency translation adjustment (0.0) (0.4) - (0.7) (0.3) (2.0) (3.3) Reclassification and other changes 0.3 - - - (1.8) - (1.5) 12.31.2017 16.9 3.1 15.5 8.4 4.8 61.5 110.2 of which current portion 1.8 - - - - 23.9 25.8 The change in provisions for major maintenance in 2017 mainly derives from the review and optimization of plans to overhaul vessels. The utilizations for the period correspond to the major classification maintenance that actually took place during 2017. For the 2016 fiscal year, provisions for tax audits were recorded following an analysis of the adjustment notices received with respect to tax audits in France (with respect to which the Group is contesting the conclusions) as well as following the first appeals. In 2017, an addition provision of -€1.0 million was recognized after receipt of another adjustment notice in France. It should be noted that the short-term portion (current portion) of the provisions is reported in the statement of financial position on the line “Provisions – current portion”. Employee benefit obligations Employee benefit obligations include the provision for retirement benefit obligations and the provision for long-service awards.