SFIL Annual financial report 2018

4 I Annual financial statements in accordance with French GAAP 120 SFIL Annual Financial Report 2018 tions or routine management of the Company’s assets and liabilities. Furthermore, the income or expense involved does not depend on decisions taken within the framework of usual management of the Company’s activities or assets, but results from external events of a completely exceptional nature. Only items of this nature that have a significant impact on the period’s income statement are recognized as non-recurring income and expense. 1.2.14. Tax consolidation Since January 1, 2014, SFIL is the head of the tax group which consolidates Caisse Française de Financement Local. 1.2.15. Offices and activities in uncooperative States and territories In application of article L.511-45 of the Monetary and Financial Code, it should be noted that SFIL has no offices in States that have not signed an administrative assistance agreement with France (subsidiaries, branches, including ad hoc entities, and equity interest in other entities over which the Company has exclusive or joint (or de facto ) control). Components Depreciation period Technical Installations 10 - 20 years Fixtures and fittings 10 - 20 years IT equipment 3 years Software developed or acquired* 3 or 5 years Office equipment 2 - 12 years *Purchased licenses and equipments are depreciated over 3 years. The depreciation period of internally developed softwares depends on whether they are strategic. Those which are considered strategic are amortized over 5 years; those which are not are amortized over 3 years. Fixed assets are tested for impairment when impairment indicators are identified. When the carrying amount of a fixed asset is greater than its estimated recoverable amount, an impairment charge is recognized and the carrying amount of the fixed asset is written down to the estimated recoverable amount. Impairment charges are recognized in the income statement under the item Depreciation and amortization . Gains or losses on disposal of fixed assets are charged to Income (loss) on fixed assets . 1.2.13. Non-recurring income and expense Non-recurring income and expense results from events or transactions that do not relate to ordinary business opera- 2. Notes to the assets (EUR millions)  2.1 - CENTRAL BANKS Amount as of 12/31/2017 Amount as of 12/31/2018 Mandatory reserve - - Other deposits 853 656 TOTAL 853 656 2.2 - GOVERNMENT AND PUBLIC SECURITIES 2.2.1. Accrued interest included in this item : 0 2.2.2. Analysis by residual maturity excluding accrued interest Less than 3 months 3 months to 1 year 1 year to 5 years More than 5 years Total - - 123 - 123 2.2.3. Analysis by listed securities and other securities excluding accrued interest Net amount as of 12/31/2017 Gross amount as of 12/31/2018 Impairment as of 12/31/2018 Net amount as of 12/31/2018 Unrealized capital gain or loss as of 12/31/2018 (2) Listed securities (1) 124 123 - 123 0 Other securities - - - - - TOTAL 124 123 - 123 0 (1) Listed securities are registered for trading on a stock exchange. (2) The unrealized capital gain or loss calculated as the difference between the book value and the market value, taking derivatives into account.