Iliad : Consolidated Accounts FY 2016

CONTENTS

CONSOLIDATED INCOME STATEMENT 3

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 4

CONSOLIDATED BALANCE SHEET - ASSETS 5

CONSOLIDATED BALANCE SHEET - EQUITY AND LIABILITIES 6

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 7

CONSOLIDATED STATEMENT OF CASH FLOWS 8

NOTE 1: ACCOUNTING PRINCIPLES AND POLICIES 9

NOTE 2: SCOPE OF CONSOLIDATION 25

NOTE 3: CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS 26

NOTE 4: REVENUES 27

NOTE 5: PURCHASES USED IN PRODUCTION AND EXTERNAL CHARGES 28

NOTE 6: HUMAN RESOURCES DATA 29

NOTE 7: DEVELOPMENT COSTS 31

NOTE 8: OTHER INCOME AND EXPENSES FROM OPERATIONS 32

NOTE 9: DEPRECIATION, AMORTIZATION AND PROVISIONS 33

NOTE 10: OTHER OPERATING INCOME AND EXPENSE, NET 34

NOTE 11: FINANCIAL INCOME AND EXPENSES 35

NOTE 12: CORPORATE INCOME TAX 36

NOTE 13: BASIC AND DILUTED EARNINGS PER SHARE 38

NOTE 14: ANALYSIS OF THE CONSOLIDATED STATEMENT OF CASH FLOWS 39

NOTE 15: SEGMENT INFORMATION 42

NOTE 16: GOODWILL 43

NOTE 17: INTANGIBLE ASSETS 44

NOTE 18: IMPAIRMENT TESTS ON GOODWILL AND INTANGIBLE ASSETS 47

NOTE 19: PROPERTY, PLANT AND EQUIPMENT 48

NOTE 20: EQUITY-ACCOUNTED INVESTEES 50

NOTE 21: OTHER FINANCIAL ASSETS 52

NOTE 22: INVENTORIES 54

NOTE 23: TRADE AND OTHER RECEIVABLES 55

NOTE 24: CASH AND CASH EQUIVALENTS 56

NOTE 25: ASSETS HELD FOR SALE 57

NOTE 26: EQUITY 58

NOTE 27: STOCK OPTION AND SHARE GRANT PLANS 59

NOTE 28: PROVISIONS 63

NOTE 29: FINANCIAL LIABILITIES 64

NOTE 30: TRADE AND OTHER PAYABLES 69

NOTE 31: RELATED-PARTY TRANSACTIONS 70

NOTE 32: FINANCIAL INSTRUMENTS 72

NOTE 33: FINANCIAL RISK MANAGEMENT 74

NOTE 34: OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES 78

NOTE 35: EVENTS AFTER THE REPORTING DATE 84

NOTE 36: LIST OF CONSOLIDATED COMPANIES AT DECEMBER 31, 2016 85

NOTE 37: AUDIT FEES 87

CONSOLIDATED INCOME STATEMENT

In € thousands	Note	2016	2015
Revenues Purchases used in production Payroll costs External charges Taxes other than on income Additions to provisions Other income from operations Other expenses from operations	4 5 6 5 9 8 8	4,722,062 (2,322,979) (242,853) (342,071) (82,052) (49,587) 38,180 (45,001)	4,414,423 (2,238,776) (222,492) (288,500) (57,870) (96,947) 26,763 (46,712)
EBITDA(1)	1	1,675,699	1,489,889
Share-based payment expense	27	(1,979)	(3,311)
Depreciation, amortization and provisions for impairment of non-current assets	9	(929,610)	(820,362)
Profit from ordinary activities	744,110	666,216
Other operating income and expense, net	10	(4,463)	(4,198)
Operating profit	739,647	662,018
Income from cash and cash equivalents	11	72	776
Finance costs, gross	11	(43,830)	(58,735)
Finance costs, net	11	(43,758)	(57,959)
Other financial income	11	966	2,597
Other financial expenses	11	(49,302)	(27,106)
Corporate income tax	12	(245,600)	(244,503)
Share of profit of equity-accounted investees	20	723	0
PROFIT FOR THE PERIOD	402,676	335,047
Profit for the period attributable to:	401,079	334,911
Owners of the Company
Minority interests	1,597	136
Earnings per share attributable to owners of the Company (in €):	13	6.84	5.72
Basic earnings per share
Diluted earnings per share	13	6.67	5.58

(1) See definition on page 16

In € thousands	Note	2016
PROFIT FOR THE PERIOD Items that may be subsequently reclassified to profit: Fair value gains on interest rate and currency hedging instruments Items that will not be reclassified to profit: Post-employment benefit obligations (IAS 19 revised): impact of changes in actuarial assumptions Tax effect Tax effect Other comprehensive income for the period, net of tax Total comprehensive income for the period	32/33 32/33 6	402,676 3,032 (1,044) 1,988 (1,453) 500 (953) 1,035 403,711
Total comprehensive income for the period attributable to: Owners of the Company Minority interests	402,120 1,591

2015

335,047 2,934 (1,115) 1,819 632 (240) 392 2,211 337,258

337,206 52