SFIL Annual financial report 2018

Consolidated financial statements in accordance with IFRS I 3 83 Annual Financial Report 2018 SFIL Management report Report on corporate governance Consolidated financial statements in accordance with IFRS Annual financial statements in accordance with French GAAP Shareholders’ Meeting of May 29, 2019 General information 2.8 - TAX ASSETS 12/31/2017 12/31/2018 Current income tax 14 - Other taxes 0 - Current tax assets 14 - Deferred tax assets (see note 4.2) 64 80 TOTAL TAX ASSETS 78 80 Deferred tax assets were submitted to a recoverability test taking into account the business plans presented to the Board of Directors according to realistic hypotheses. Deferred taxes as of December 31, 2018, are recoverable on the basis of this analysis within a reasonable horizon by taking into account the tax rules governing the treatment of past deficits. In 2018, SFIL Group has no deferred tax assets related to carry forward tax losses. In addition, SFIL Group takes into account the legislative measures designed to reduce the corporate income tax rate to 25.83% as of 2022. 2.9 - PROPERTY AND EQUIPMENT Computer equipment Other equipment Fixtures Construction work in progress Total Acquisition cost as of 12/31/2017 2 0 8 0 10 Changes during the year: *increases 0 0 0 1 1 *decreases - - - (0) (0) *other - - - - - Acquisition cost as of 12/31/2018 2 0 8 1 11 Depreciation and impairments as of 12/31/2017 (1) (0) (3) - (4) Changes during the year: *amortization (0) (0) (1) - (1) *write-back - - - - - *cancellation - - - - - Depreciation and impairments as of 12/31/2018 (1) (0) (4) - (5) Net carrying amount as of 31/12/2018 1 0 4 1 6 2.10 - INTANGIBLE ASSETS Software Internally developed assets Construction work in progress Total Acquisition cost as of 12/31/2017 4 16 20 40 Changes during the year: *increases 11 18 3 32 *decreases - - (19) (19) *others - - - - Acquisition cost as of 12/31/2018 15 34 4 53 Depreciation and impairments as of 12/31/2017 (3) (8) - (11) Changes during the year: - *amortization (3) (6) - (9) *write-back - - - - *cancellation - - - - Depreciation and impairments as of 12/31/2018 (6) (14) - (20) Net carrying amount as of 31/12/2018 9 20 4 33