FINANCIAL REPORT 2017

Quoted prices in active markets for identical instruments: LEVEL 1

Valuation based on observable data: LEVEL 2

Valuation based on unobservable data: LEVEL 3

(in thousands of euros)

Total 31.12.2016

FINANCIAL ASSETS HELD-FOR-TRADING

404847

0

404847

0

0

Securities held-for-trading

• Treasury bills and similar securities Derivative instruments AVAILABLE-FOR-SALE FINANCIAL ASSETS

404847

404847

20430279 20423166

7113

0

4328416

4328416

Treasury bills and similar securities

16094436 16094436

Bonds and other fixed income securities

7427

314

7113

Equities and other variable- income securities

HEDGING DERIVATIVE INSTRUMENTS

10964

10964

0

TOTAL FINANCIAL ASSETS MEASURED AT FAIR VALUE

20846090 20423166

422924

0

Financial liabilities measured at fair value

Quoted prices in active markets for identical instruments: LEVEL 1

Valuation based on observable data: LEVEL 2

Valuation based on unobservable data: LEVEL 3

(in thousands of euros)

Total 31.12.2017

FINANCIAL LIABILITIES HELD-FOR-TRADING

289125

0

289125

0

289125

289125

Derivative instruments

HEDGING DERIVATIVE INSTRUMENTS

119749

119749

TOTAL FINANCIAL LIABILITIES MEASURED AT FAIR VALUE

408874

0

408874

0

Quoted prices in active markets for identical instruments: LEVEL 1

Valuation based on observable data: LEVEL 2

Valuation based on unobservable data: LEVEL 3

(in thousands of euros)

Total 31.12.2016

FINANCIAL LIABILITIES HELD-FOR-TRADING

404354

0

404354

0

404354

404354

Derivative instruments

HEDGING DERIVATIVE INSTRUMENTS

228019

228019

TOTAL FINANCIAL LIABILITIES MEASURED AT FAIR VALUE

632373

0

632373

0

42