Vilmorin & Cie - Annual report 2017-2018

5 ANNUAL REPORT Vilmorin & Cie 199 2017-2018 On June 30, 2018, sensitivity on net positions after management was analyzed as follows: In millions of euros US dollar GB pound Australian dollar New Zealand dollar Canadian dollar Yen South African rand Hypothesis of euro variation against the currency (as a %) -10% -10% -10% -10% -10% -10% -10% Impact on income -0.3 0.7 0.4 - - 0.2 0.4 Hypothesis of euro variation against the currency (as a %) 10% 10% 10% 10% 10% 10% 10% Impact on income 0.2 -0.6 -0.3 - - -0.2 -0.3 In millions of euros Turkish lira Hungarian forint Polish zloty Russian ruble Chinese renminbi yuan Czech crown Israeli shekel Hypothesis of euro variation against the currency (as a %) -10% -10% -10% -10% -10% -10% -10% Impact on income -0.1 -0.1 0.6 3.5 0.1 0.4 -0.7 Hypothesis of euro variation against the currency (as a %) 10% 10% 10% 10% 10% 10% 10% Impact on income 0.1 0.1 -0.5 -2.9 -0.1 -0.3 0.6 A drop of 10% in the euro rate against other currencies would have a positive impact of 5.1 million euros on the financial income. An increase of 10% in the euro rate against other currencies would have a negative impact of -4.2 million euros on the financial income. 2.2 - Information concerning interest rate risks 2.2.1 Objectives Interest rate risks are mainly managed by Vilmorin & Cie which (apart from specific cases or regulatory constraints) centralizes the current, stable cash flow requirements or surpluses of the subsidiaries, and sets up centralized external funding facilities as necessary. 2.2.2 Assets and liabilities subject to interest rate risks: In millions of euros Nominal Due dates < 1 year 1 to 5 years > 5 years 06.30.18 Assets 16.1 12.3 3.2 0.6 Liabilities (1) 962.6 204.3 671.3 87.0 Differential -946.5 -192.0 -668.1 -86.4 06.30.17 Assets 17.9 17.9 - - Liabilities 970.2 221.0 625.8 123.4 Differential -952.3 -203.1 -625.8 -123.4 (1) Including derivative assets of -1.5 million euros maturing from 1 to 5 years. 5.1. Consolidated Financial Statements Financial INFORMATION