2017 REGISTRATION DOCUMENT

BOURBON 2017 Registration Document 197 PARENT COMPANY FINANCIAL STATEMENTS Notes to the Company financial statements 5 12/ Currency translation differences on receivables and liabilities in foreign currencies Receivables and liabilities in foreign currencies were converted and recognized in euros based on the latest known exchange rate. As of December 31, 2017, unrealized foreign exchange gains and losses were insignificant. 13/ Factors impacting several balance sheet items 13.1 ASSETS (in € thousands) 12.31.2017 12.31.2016 Prepayments and accrued income: - - Operating activities Financial transactions - Commercial paper Related parties: 946,518 877,806 Equity interests 42,507 42,506 Receivables from non-consolidated companies - - Loans - - Trade and other receivables - 124 Other receivables (1) 904,011 835,176 TOTAL 946,518 877,806 (1) “Other receivables” mainly refers to a current account advance in the amount of €872 million. 13.2 LIABILITIES (in € thousands) 12.31.2017 12.31.2016 Accruals and deferred income: - - Operating activities - - Financial transactions - - Notes payable - - Related parties: 10,447 6,481 Borrowings and other financial liabilities - - Trade and other payables 794 9 Group and associates 9,653 6,472 TOTAL 10,447 6,481