5.2CONSOLIDATED FINANCIAL STATEMENTS 5.2CONSOLIDATED FINANCIAL STATEMENTS 214 5.2.1 Consolidated financial statements as of December 31, 2017 214 Consolidated income statement 214 Consolidated statement of comprehensive income 215 Consolidated balance sheet 216 Consolidated statement of cash flows 217 Consolidated statement of changes in equity 218 Accompanying Notes 219 1. General information 219 2. Significant events of the year ended December 31, 2017 and December 31, 2016 219 3. Significant accounting policies 219 4. Business combinations 229 5 5. Divestments 229 6. Segment reporting 230 7. Distribution & administrative expenses 231 8. Salaries & benefits 231 9. Other income & other expenses 231 10.Net financial expenses 232 11.Income tax 232 12.Long-term assets 234 13.Current assets 238 14.Cash and cash equivalents 239 15.Summary of financial assets 239 16.Share capital and premium 240 17. Dividends 241 18.Share based payments 241 19.Earnings per share 246 20.Provisions and other non-current liabilities 246 21.Post-employment and long-term benefits 247 22.Financial liabilities 254 23.Market risks and financial instruments 259 24.Summary of financial liabilities 264 25.Operating leases 265 26.Related party transactions 265 27.Statutory Auditors fees 265 28.Litigation & other contingencies 265 29.Events after the reporting period 267 30. Consolidated entities as of December 31, 2017 267 5.2.2 Report of the Statutory Auditors’ Report on the consolidated financial statements for the financial year ended December 31, 2017 271 REXEL 2017 – REGISTRATION DOCUMENT 213