FINANCIAL AND ACCOUNTING INFORMATION 5.3 COMPANY FINANCIAL STATEMENTS Pursuant to article 28 of the Regulation (EC) N°809/2004 of the European Commission dated April 29, 2004, the following information is incorporated by reference in this Registration document: •the Company financial statements and the relevant audit report for the year ended December 31, 2016 which are included in pages 249 to 271 of the French version of the Registration document for the financial year ended on December 31, 2016 registered by the Autorité des marchés financiers on March 31, 2017, under number D.17-0272; and •the Company financial statements and the relevant audit report for the year ended December 31, 2015 which are included in pages 218 to 242 of the French version of the Registration document for the financial year ended on December 31, 2015 registered by the Autorité des marchés financiers on April 7, 2016 under number D.16-0299. 5.3.1 Company financial statements as at December 31, 2017 Income Statement FOR THE YEAR ENDED DECEMBER 31, (in millions of euros) NOTE 2017 2016 Operating revenues 2.1 2.9 Other purchases and outside services (20.0) (18.3) Taxes other than income taxes (0.9) (0.2) Other expenses (4.6) (5.4) Depreciation, amortization and increases in provisions (0.1) (0.1) Loss from operations (3.1) (23.5) (21.1) Dividend income – 298.0 Other financial revenues (from short-term investments, loans and exchange gains) 41.6 54.7 Decrease in financial provisions, transfer of expenses – – Total financial revenues 41.6 352.7 Interest and related expenses and exchange losses (85.2) (110.4) Increase in financial provisions (3.1) (0.6) Total financial expenses (88.4) (111.0) Net financial income (3.2) (46.8) 241.7 Income from ordinary activities (70.2) 220.6 Non-recurring income (expense), net (3.3) (1.5) (4.1) Profit before tax (71.7) 216.5 Income taxes (3.5) 86.0 44.2 Net income 14.3 260.7 REXEL 2017 – REGISTRATION DOCUMENT 276