MOVIANTO FRANCE SAS For the year ended · statements of MOVIANTO FRANCE SAS for 31 12 2017. We conducted our work to the standards laid down in the professional standard of France's

expert–comptable.pwc.fr

Financial statements

MOVIANTO FRANCE SAS

4 Avenue du 21ème siècle 95500 GONESSE

For the year ended 12/31/2017

Comptes annuels

Table of contents


Table of contents MOVIANTO FRANCE SAS

Chartered Accountant's report - page 5 - For the year ended 12/31/2017 PwC 3

Compilation report 5

Financial statements 7

Balance sheet 8

Income statement 10

Notes to the financial statements 12

Significant events 14

Accounting policies and methods 15

Notes to the balance sheet 18

Notes to the income statement 26

Other disclosures 30

Information on PwC 33

PricewaterhouseCoopers Entreprises, 63 Rue de Villiers, 92208 Neuilly–sur–Seine Cedex – Tel.: 01 56 57 58 59, Fax: 01 56 57 58 60, expert–comptable.pwc.fr

Société d’expertise comptable inscrite au tableau de l’ordre de Paris-Ile-de-France. Société de commissariat aux comptes membre de lacompagnie régionale de Versailles. Société à responsabilité limitée au capital de 78 000 €. Siège social : 63, rue de Villiers 92200 Neuilly-sur-Seine. RCS Nanterre 632 028 627. TVA n° FR 24 632 028 627. Siret 632 028 627 00404. Code APE 6920 Z. Bureaux : Amiens, Bordeaux,Bourg-en-Bresse, Cognac, Dijon, Grenoble, Lille, Limoges, Lyon, Marseille, Metz, Montpellier, Nantes, Neuilly-sur-Seine, Nice, Pau, Quimper,Rennes, Saint-Quentin, Strasbourg, Toulouse.

PRESENTATION OF THE FINANCIAL STATEMENTS

CHARTERED ACCOUNTANTS REPORT

Dear Sir,

In accordance with the terms of our letter of engagement, we have compiled the annual financial statements of MOVIANTO FRANCE SAS for 31 12 2017.

We conducted our work to the standards laid down in the professional standard of France's Higher Council of Chartered Accountants (Conseil Supérieur de l'Ordre des Experts-Comptables) for engagements to compilefinancial statements.

The work done in the course of our engagementdoes not constitute an audit, limited review or presentation of financial statements. We can therefore express no opinion as to the financial statements of your entity which are attached to this report.

Done in Neuilly–sur–Seine04 / 30 / 2018

Michel NISSE



Balance sheet MOVIANTO FRANCE SAS


Gross Depreciation andAmortization

Net at12/31/17

Net at12/31/16

ASSETSUncalled subscribed capitalIntangible assetsStart-up costsResearch and development costsFranchises, patents, licenses,trademarks, etc. 2 571 906 2 419 172 152 735 230 642

GoodwillOther intangible assetsIntangible assets in progressAdvances and deposits onintangible assetsProperty, plant and equipmentLandBuildingsMachinery and equipment, toolsOther property, plant and equipment 16 262 761 12 017 568 4 245 193 4 527 781

Property, plant and equipment in progressAdvances and deposits 802 745 802 745 38 700

Financial assetsEquity investmentsReceivables from controlled entitiesFixed assets securities for investment,(TIAP) and portfoliosOther capitalized securitiesLoansOther financial assets 2 211 2 211 2 211FIXED ASSETS 19 639 623 14 436 739 5 202 884 4 799 334InventoriesRaw materials and supplies 524 643 524 643 507 353

Work in progress - goodsWork in progress - servicesFinished and semi-finished goodsGoods for resale 29 282 307 29 282 307 29 771 706

Advances and deposits to suppliers 46 399 46 399 60 517

ReceivablesTrade notes and accounts receivable 51 211 643 88 944 51 122 700 56 598 459

Other receivables 66 485 303 610 66 484 694 54 760 102

Subscribed capital - called and unpaidMarketable securitiesCash instrumentsCash and cash equivalents 719 866 719 866 480 674

Prepaid expenses 88 778 88 778 93 997CURRENT ASSETS 148 358 940 89 553 148 269 387 142 272 808Deferred expensesBond redemption premiumsUnrealized foreign exchange lossesTOTAL ASSETS 167 998 564 14 526 293 153 472 271 147 072 141


Balance sheet MOVIANTO FRANCE SAS


Net at12/31/17

Net at12/31/16

EQUITY AND LIABILITIESShare capitalShare capital 38 940 375 19 386 345including o/w paid up capitalAdditional paid-in capital 15 045 15 045

Revaluation reserveReservesLegal reserves 55 436 55 436

Statutory or contractual reservesRegulated reserves 4 163 4 163

Other reservesRetained earnings 2 212 030 4 590 972

Net incomeNet income for the year -3 758 610 -2 378 942Investment subsidiesTax-driven provisions 775 969 783 088SHAREHOLDERS' EQUITY 38 244 408 22 456 107Provisions for contingencies 90 000 176 962

Provisions for expenses 654 697 641 044OTHER EQUITY PROVISIONS 744 697 818 006Borrowings and debt

13 301 349 21 933 695

Convertible bondsOther bondsBank loans and borrowings Other borrowings and liabilities *Trade payables and other liabilitiesAdvances and deposits received on orders in progressTrade notes and accounts payable 89 178 047 72 167 989

Tax and social liabilities 10 911 323 9 359 455

Amounts payable on fixed assets and other 261 331 72 417

Other liabilities 814 142 20 230 572

Cash instrumentsPrepaid income 33 900BORROWINGS AND DEBT 114 483 166 123 798 028Unrealized foreign exchange gainsTOTAL EQUITY AND LIABILITIES 153 472 271 147 072 141

* Affiliated undertakings

16 974


Income statement MOVIANTO FRANCE SAS


from 01/01/17to 12/31/1712 month

from 01/01/16to 12/31/1612 month

Sales of goods for resale - France 274 343 594 271 197 258

Sales of goods for resale - Export 5 973 246

Production sold - France Production sold - Export Sales of services - France 26 264 353 25 151 413

Sales of services - Export 204 620 600 967NET SALES 300 812 567 302 922 884 Change in inventory of finished goods and work in-progress In-house production Operating subsidies Reversal of impairment, provisions, depreciation / amortization 231 374 519 006

Other income 481 306 661 535Total operating income 301 525 248 304 103 426 Purchases of goods for resale 268 172 201 272 722 058

Changes in inventory (goods for resale) 489 398 -1 491 602

Purchases of raw materials and other supplies 1 477 131 1 154 352

Changes in inventory (raw materials and other supplies) -17 291 -28 964

Other purchases and external expenses 23 652 512 23 212 726

Taxes, duties and other levies 1 070 504 1 068 726

Salaries and wages 6 493 878 5 925 438

Payroll taxes 2 535 759 2 350 089

Fixed assets depreciation and amortization 1 036 307 968 453

Impairment on fixed assets Impairment on current assets 18 732 17 525

Contingency and loss provisions 42 558 89 450

Other expenses 17 267 86 939Total operating expenses 304 988 956 306 075 192NET OPERATING INCOME -3 463 708 -1 971 766 Attributed income or transferred loss Loss incurred or transferred incomeNet gains from joint ventures Investment income Income from other marketable securities and receivables fixed assets Other interest and income 1 171 302 1 126 501

Reversals of impairment and provisions, expense transfers Foreign exchange gains Net gains on sale of marketable securitiesTotal financial income 1 171 302 1 126 501 Financial depreciation, amortization, impairment and provision expense Interest expense 1 467 596 1 508 696

Foreign exchange losses 45

Net expenses on sales of marketable securities Total financial expenses 1 467 596 1 508 741NET FINANCIAL INCOME -296 294 -382 240RECURRING INCOME BEFORE TAXES -3 760 002 -2 354 006

Non-recurring income on management transactions 63 006

Non-recurring income on capital transactions 1 532


Income statement MOVIANTO FRANCE SAS


from 01/01/17to 12/31/1712 month

from 01/01/16to 12/31/1612 month

Reversals of impairment, provisions, and expenses transferred 155 882 90 995Total non-recurring income 157 414 154 001 Non-recurring expenses on management transactions 24 474 -1 173

Non-recurring expenses on capital transactions 1 957 38 155

Non-recurring expenses on amortization, depreciation and provisions 129 591 141 955Total non-recurring losses 156 022 178 937NET NON-RECURRING INCOME / LOSS 1 392 -24 936Employee profit-sharing planIncome taxTOTAL INCOME 302 853 964 305 383 928TOTAL EXPENSES 306 612 574 307 762 870NET INCOME -3 758 610 -2 378 942


Notes to the financial statements MOVIANTO FRANCE SAS


Applicable N/A N/S

ACCOUNTING POLICIES

- Significant events x- Accounting policies x

NOTES TO THE BALANCE SHEET

- Fixed assets x

- Breakdown of fixed assets x

- Start-up costs x

- Research and development costs x

- Goodwill x

- Financial expenses included in the production cost x

- Assets in progress x

- Component approach x

- Statement of asset revaluation x

- Estimation of TIAP portfolio x

- List of subsidiaries and equity investments x

- Breakdown of amortization and depreciation x

- Inventories and work in progress x

- Interest on current assets x

- Breakdown of receivables and maturities x

- Receivables and payables to related to associated companies x

- Expendable current assets x

- Information on receivables resulting from deficit carry-backs x

- Marketable securities x

- Impairment of assets x

- Impairment of inventories x

- Impairment of receivables x

- Impairment of marketable securities x

- Accrued expenses x (Summary)

- Accrued income x (Summary)

- Composition of share capital x

- Profit shares x

- Exchangeable convertible bonds x

- Treasury shares x

- Statement of carry-forwards x

- Statement of changes in equity x

- Regulated provisions x

- Provisions x

- Maturity of payables x

- Debts guaranteed by real collateral x

- Liabilities with no reliable measurements x

- Loan redemption premiums x

- Foreign exchange differences on payables and receivables x

- Retention of title clauses x

- Payables and receivables composed of promissory notes x

- Settlement of business difficulties x

- Prepaid expenses x (Summary)

- Prepaid income x


Notes to the financial statements MOVIANTO FRANCE SAS


Applicable N/A N/S

- Changes in deferred expenses and redemption premiums x

NOTES TO THE INCOME STATEMENT

- Breakdown of net sales x

- Incidental acquisition expenses x

- Statutory Auditor fees x

- Items attributable to another year x

- Joint ventures x

- Transfer of operating and financial expenses x

- Financial income and expense concerning associated companies x

- Non-recurring items attributable to another year x

- Breakdown of non-recurring income x

- Transfer of non-recurring expenses x

- Income/loss and income Tax x

- Impact of exceptionnal tax expenses x

- Breakdown of income tax x

- Deferred tax assets and liabilities x

- Income tax - Tax consolidation x

- Impact of voted changes between year-end and date of financial statements x

OTHER DISCLOSURES

- Identification of parent company consolidating the company's financial statements x

- Subsequent events x

- Information on derivative transactions x

- Employees x

- Individual training entitlement x

- Advances and loans granted to management x

- Compensation granted to members of management bodies x

- Related-party transactions x

- Financial commitments granted x

- Financial commitments received x

- Leases x

- Leases (summary) x

- Retirement benefit obligation x

- Environmental issues x

- Five-year financial summary x


Significant events MOVIANTO FRANCE SAS


SIGNIFICANT EVENTS

Significant events for the year that had an accounting impactMovianto France proceeded to a capital increase by current account.This increase is valued at 19 554 030 euros by the issue of 1 303 602 shares with a nominal value of 15 euros.


Accounting policies and methods MOVIANTO FRANCE SAS


Company name: MOVIANTO FRANCE SAS

Notes to the balance sheet before distribution for the year ended 12/31/2017, with total assets of € 153 472 271, and to the income statement posting net loss of € 3 758 610.

The fiscal year covers a period of 12 months, from 01/01/2017 to 12/31/2017.The notes or tables hereinafter are an integral part of the financial statements.

ACCOUNTING POLICIESGeneral policies

The financial statements have been prepared in accordance with the accounting regulations based on legal and regulatory texts applicable in France. In particular, they respect the dispositions of regulation 2016–07 of the Autorité des Normes Comptables (French Accounting Standards Authority - ANC) of November 4th, 2016 amending the regulation 2014-03, including the standard chart of accounts, and approved by ministerial decree on December 26th, 2016.The Company financial statements have been prepared in line with the principle of prudence and in compliance with certain basic assumptions:

– going concern,– consistency of accounting methods between periods,– independence of accounting periods,

and in accordance with the general rules of preparation of financial statements

Only material information is given.

The valuation method used is the historical costs method .

Property, plant and equipment and intangible assets

Property, plant and equipment and intangible assets have been evaluated at their acquisition cost for assets which have been purchased, at their production cost for the assets produced by the Company, and at their market value for those which have been traded or given for free.

The cost of an asset is measured by the purchase price including customs duties and non-refundable taxes, after deducting all discounts, rebates and cash discounts, and adding related purchase costs. The additional costs, property transfer fees, general fees or commissions and notarial charges are included to the acquisition cost.

Annual depreciation is calculated on a straight–line basis or a declining balance basis on the useful life.The useful lives are as follows:

* Patents and licences:Software : 1 year

* Office equipment: 3 – 8 years* IT equipment: 4 – 6 years* Furniture:

Other equipments : 3 – 10 years* System stands, Conveyor warehouse: 15 years (set up since 01/01/2017)

When a tax disposition authorises a shorter length of amortization than its accounting counterpart, the Company will book an accelerated tax depreciation.

Financial fixed assets

The gross value is equal to the acquisition cost without additional fees. Impairment is recognized when the recoverable amount is less than the gross value.



Chartered Accountant’s report – page 5 – For the year ended 12/31/2017 PwC 16

Inventory accounts

The inventory acquisition costs include the purchase price, customs duties and other taxes, excluding taxes that are subsequently recoverable from the tax authorities, as well as transportation costs, handling and other costs directly linked to the acquisition of end products, raw materials and services. Discounts, rebates, and others are also deducted.

Inventory is valued using the first in – first out method.

A provision for depreciation is recorded for goods with an early expiration date except when a prospect of return basis by laboratories is possible.

Inventory impairment equals to the difference between the net value determined as described above and the exchange rate of the day or the realisable value (after substracting the proportional sales costs). Impairment is recognized when the aforementioned value is superior to the latter.

Trade receivables

Receivables are measured at nominal value. Impairment is recognized when the net realizable value is less than the book value.

Foreign currency transactionsWhen an asset is bought in a foreign currency, the conversion rate used is the exchange rate prevailing at the date of the transaction or the currency hedge transaction date if it was subscribed before the transaction. Expenses related to the currency hedge transactions are also integrated into the acquisition costs. Accounts payable, receivable and cash in foreign currencies appear in local currency at the year-end rate on the balance sheet. The difference resulting from discounting accounts payable and receivable in foreign currencies is recognized as a foreign exchange gain or loss in the balance sheet.The unrealized exchange losses that are not compensated are subject to a provision for exchange losses, for the total amount, according to French accounting rules.

Activity of commissioner custodianOperations traited by the firm in its own name on behalf of others are accounted according to their nature in expenses or income. Receivables relating to this activity’s sales are recognised in cuctomer accounts as an asset.Debts concerning the purchases are booked in supplier accounts as a liablity.

Provision for long-service awardsIn accordance with the recommendations of the Conseil National de la Comptabilité n°2003-R.01, benefits paid under long-service awards are accrued in the financial statements.

Recognition of revenuesRevenue is recognized :

- when the product physically leaves the warehouse

- from the realisation of services provided within the compagny under related services.

Provisions

Provisions are recognized when an obligation exists with regards to a third party towards whom it is probable or certain that it will generate an outflow of ressources for their benefit (without a counterpart at least equivalent expected from the latter). A provision is a liability for which an amount or due date is not precisely set.

Retirement benefits

MOVIANTO FRANCE SAS's collective agreement includes retirement benefits. A specific agreement has not been signed. The corresponding benefits have been recognized as accruals and which amount is indicated in the details of the statutory financial statements.



LiabilitiesLiabilities are recognized at their nominal value at the date of payment. There are not actualised.

Tax credit for competitiveness and employmentThe tax credit for competitiveness and employment (Crédit d’impôt pour la compétitivité et l’emploi ) is calculated at year end based on eligible compensation within the tax consolidation group. It is allocated to the group's various members in accordance with the tax consolidation agreement.This income is recognized as a deduction from under payroll taxes in accordance with the French Accounting Standards Authority (Autorité des Normes Comptables – ANC) memorandum of February 28th, 2013 on corporate income tax.



Notes to the balance sheet MOVIANTO FRANCE SAS


NOTES TO THE BALANCE SHEETFixed assets

Amount openingof the period

Increase Decrease Amount closingof the period

- Start-up and development costs- Other intangible assets 2 544 518 27 389 2 571 907Intangible assets 2 544 518 27 389 2 571 907

- Land- Buildings on owned land- Buildings on third-party land- Machinery and equipment, fixtures

and fittings- Machinery and equipment

and industrial tools- Machinery and equipment, fixtures

and fittings 13 206 843 493 226 13 808 13 686 261

- Transport equipment- Office and IT equipment and furniture 759 288 92 819 852 106

- Reusable and various packaging 1 660 058 64 335 1 724 393

- Property, plant and equipment in progress- Advances and deposits 38 700 764 045 802 745Property, plant and equipment 15 664 889 1 414 425 13 808 17 065 506

- Subsidiaries evalued by the equitymethod Equity-accounted interests

- Other equity interests- Other capitalized securities- Loans and other financial assets 2 211 2 211Financial assets 2 211 2 211

FIXED ASSETS 18 211 617 1 441 814 13 808 19 639 623




Breakdown of amortization and depreciation

Breakdown of depreciation and amortization and movements during the period (or resulting in a reduction of assets)

Openingvalues

Increasesaccruals

Decreasesexits, reversals

Closingvalues

Intangible assetsStart-up and development costs (I)Other intangible assets (II) 2 313 876 105 296 2 419 172Property, plant and equipment Land Buildings on owned land Buildings on thrid-party land General fixtures and fittings and improvements Machinery and equipment, industrial tools Machinery and equipment, various fixtures and fittings 9 232 038 772 956 11 851 9 993 143

Transport equipment Office and IT equipment and furniture 605 550 56 345 661 895

Reusable and various packaging 1 260 820 101 710 1 362 530Total (III) 11 098 407 931 011 11 851 12 017 568GRAND TOTAL (I+II+III) 13 412 283 1 036 307 11 851 14 436 739

Breakdown of the movements relative to fiscal depreciation

Exceptional tax depreciations are booked as regulated provisions.

Accruals Reversals Net values

Intangible assetsStart-up and development costs (I) Other intangible assets (II)Property, plant and equipment

121 756 135 0705 965 870

-13 3145 095

1 870 770 1 100

Land Buildings on owned land Buildings on thrid-party land General fixtures and fittings and improvements Machinery and equipment, industrial tools Machinery and equipment, various fixtures and fittings Transport equipment Office and IT equipment and furniture Reusable and various packaging

129 591 136 710 -7 119Total (III)Acquisition costs of shares and participation (IV)TOTAL GÉNÉRAL (I+II+III+IV) 129 591 136 710 -7 119




Current assetsAmount

Raw Materials 524 643Goods 29 282 307

TOTAL 29 806 950

Breakdown of receivables and maturities

GrossAmount

Maturity ofless thanone year

Maturity ofmore thanone year

Subscribed capital Uncalled subscribed capital

Receivables related to fixed assets : Receivables from controlled entities Loans Other 2 211 2 211

Receivables related to current assets : Bad debts or disputes 114 720 114 720

Other trade receivables 51 096 923 51 096 923

Receivables of lent securities or given as guarantees Payroll and related receivables Social security and other social services 432 432

State and local authorities Income tax Value added tax 1 773 133 1 773 133

Other taxes, duties and similar levies Other 2 002 2 002

Group and partners 12 387 100 12 387 100

Sundry debtors 52 322 637 52 322 637

Prepaid expenses 88 778 88 778

Total 117 787 935 117 785 724 2 211

Loans granted during the yearLoans repaid during the yearLoans and advances granted to partners (individuals)




Accrued expenses

Amount

Convertible bondsOther bondsLoans and other borrowings from credit institutions 16 455

Loans and miscellaneous financial debtsSupplier liabilities and related accounts 10 474 526

Tax and social debts 1 522 815

Asset liabilities and related accountsOther liabilities 356 296

Total 12 370 091

Accrued income

Amount

Receivables from equity interestsOther financial assetsCustomer receivables and related accounts 273 160Other receivables 432Cash and ressources

Total 273 592




Equity

Composition of the share capitalThe share capital amounts to € 38 940 375,00 and is divided into 2 596 025 shares with a par value of € 15,00 each.

Number Par value

Number of shares at opening year 1 292 423 15,00Shares issued during the year 1 303 602 15,00Shares reimbursed during the yearNumber of shares at year end 2 596 025 15,00

Appropriation of the net income for the previous year

Amount

Retained earnings - opening year 4 590 972Net income for previous year -2 378 942Deductions from reserves

Original total 2 212 030

Appropriation to reservesDividends paidOther distributionsRetained earnings 2 212 030

Total appropriations 2 212 030




Amount as of01/01/2017

Allocation ofprofit or loss

Increase Other variations

Amount as of12/31/2017

Share capital 19 386 345 19 554 030 38 940 375

Share premiums 15 045 15 045

Legal reserve 55 436 55 436

Regulated reserves 4 163 4 163

Retained earnings/losses 4 590 972 - 2 378 942 2 212 030

Profit/loss for the year -2 378 942 2 378 942 -3 758 610 -3 758 610

Regulated provisions 783 088 - 7 119 775 969

Total shareholders' equity 22 456 107 19 554 030 2 348 739 38 244 408

Regulated provisions

Provisionsat the beginn.of the period

Accrualsof the period

Reversalsof the period

Provisionsat the endingof the period

Reconstitution of oil fieldsFor investmentsFor price increasesSpecial depreciation allowances 783 088 129 591 136 710 775 969Foreign basesStart-up loansOther provisionsTotal 783 088 129 591 136 710 775 969

Statement of changes in equity

Result N

-3 758 610




ProvisionsProvisions

as at01/01/2017

Additions forthe period

Reversalsused duringthe period

Reversalssurplus

provisions

Provisionsas at

31/12/2017

DisputesGuarantees given to customersLosses on futures marketFines and penaltiesForeign exchange lossesPensions and similar obligations 641 044 42 558 28 905 654 697TaxesRenewal of assetsMajor maintenance and refurbishmentworksOther provisions for contingencies

176 962 60 962 26 000 90 000

and expenses

Total 818 006 42 558 89 867 26 000 744 697

Breakdown of additions to/reversals of provisions and impairment

Additions Reversals

Operating 61 290 130 241FinancialExceptional 129 591 136 710




Liabilities

Maturity schedule

Grossamount

Less thanone year

One to fiveyears

More thanfive years

Convertible bondsOther bondsBank loans and borrowingsOther borrowings and liabilitiesTrade notes and accounts payable 89 178 047 89 178 047Tax and social liabilities 10 911 323 10 911 323Amounts payable on fixed assets and other 261 331 261 331Group and partnersOther liabilities 814 142 814 142Prepaid income

Total 114 483 166 114 483 166

Loans subscribed during the yearLoans reimbursed during the yearLoans and borrowings obtained fromindividual partners

Adjustment accounts

Prepaid expenses

Amount

Operating expenses 88 778Financial expensesNon-recurring expenses

Total 88 778

13 301 34916 974

13 301 34916 974


Notes to the income statement MOVIANTO FRANCE SAS


NOTES TO THE INCOME STATEMENT

Breakdown of net sales

France Foreign Total

Sale of manufactured finished productsSale of intermediate productsSale of by-productsWork done under contractStudiesIncome for servicesSale of goods purchased for resale 274 308 008 35 587 274 343 594Income from other activities 26 264 353 204 620 26 468 973

TOTAL 300 572 361 240 206 300 812 567

Financial and operating income and expenses

Fees paid to the statutory Auditor

Amount recognized for the statutory audit of the financial statements: € 49 613

Financial income and expenses concerning associated companiesAmount of financial expenses: € 1 424 457

Non–recurring income and expenses

Breakdown of non–recuring income

Items attributable to last year




Expenses Income

Penalties and fines 5 302Other exceptional charges on current operations 19 173Net Booked Value of Fixed Assets exited 1 957Exceptionnal Tax Depreciation 129 591Other income 1 532Exceptionnal Tax Depreciation 136 710Transfer of charges 19 173

TOTAL 156 022 157 414

Income and income tax

Impact of exceptional tax expenses

Amount

Net income after income tax -3 758 610

+ Income tax charges- income tax receivables

Net income before income tax -3 758 610

Regulated provisions variation

Investment provisionsPrice increase provisionsSpecial depreciation allowances -7 119

Other regulated provisions

Net income before fiscal derogations (before income tax) -3 765 729




Net incomebefore

income tax

Correspondingnet income

Net incomeafter

income tax

+ Recurring income -3 760 002 -4 010 602

+ Non-recurring income 1 392 1 392

- Employee profit sharing

Net income -3 758 610 -3 758 610

Deferred tax assets and liabilities

Amount

Deferred tax liabilities

Exceptional amortization and depreciation allowances 775 969

Provisions for price increasesGains to add back

Other items

Total 775 969

Deferred tax assets

Non deductible accruals 246 002

Other items

Total 1 021 971

Losses carried forwardLong-term capital losses

Breakdown of income tax

The 250 600 euros correspond to the CICE of year 2017.




Income tax – Tax consolidation

With effect from the year beginning as at 01/01/2013, the Company SAS MOVIANTO FRANCE SAS is part of the tax consolidation group SASU O&M– Movianto France Holdings., 4 Avenue DU 21 EME SIECLE 95500 GONESSE.

The head of the Tax group is the only accountable for the Corporate Income Tax.

Each subsidiary will contribute to the payment of the Corporate Income Tax of the Tax group, whichever is the amount of the tax, for

the part that it would have paid on its own fiscal result, as if it was not part of the Tax group.

Each subsidiary will be able to attribute on its Corporate Income Tax basis, its reportable deficit, in the common conditions. Each subsidiary will even be able to attribute on its CIT debt the tax credits transmitted to the Head of the Tax group.

The tax to be paid by Movianto France is 0, with or without the Tax group, because its result is a loss at the 31/12/2017.

In the case if the company would be taxed separately, the amount of the remaining deficits to attribute would be 8 245 650 euros at the 31/12/2017.


Other disclosures MOVIANTO FRANCE SAS


OTHER DISCLOSURES

Identification of the parent company consolidating the financial statementsOwens & Minor, Inc9120 Lockwood Blvd, Mechanicsville, VA 23116

Events after balance sheet date

There is no event after Balance sheet date.

Headcount

Average headcount: 193 persons including 10 persons with disabilities.

Individual Training EntitlementThe law of March 5th 2014 relative to the training implements the individual training entitlement (CPF) which replaces the DIF as from January, 1st 2015.The hours of training in conformance with the DIF are transferable and can be mobilized in the conditions of the CPF until December 31st, 2020.

Information on senior managementNo remuneration is attributed to the members of the adminstrative, management, and executive boards of the company Movianto France SAS.

Related party transactionsNo material transactions entered into with related parties are related to sales and loans.

Salariedstaff

Staff madeavailable

ManagersSupervisors and technicians EmployeesWorkers

Total 193

2919

145

1

1




Financial commitments

Commitments given

Amount ineuros

Discounted notes receivable

Deposits and guarantees 1 432 226Deposits and guarantees 1 432 226

Pension liabilities

Operating lease commitments

Real estate leasing commitments

Other commitments given 1 000

Travaux d'immobilisationsGarantie de paiement à 1ère demande 1 000

Total 1 433 226

Including:Senior managementSubsidiariesEquity interestsOther related partiesCommitments secured by liens

Retirement benefits

Reserves for allowances of retreat

The company applies the prefered method of the Plan Comptable Général related to the rules of accounting and valuating for the Retirement benefits and similar advantages.The "corridor" method is applied for the actuarial discrepancies treatment, which are spread on the residual medium previsionnal duration of the activity.

Commitments for which a provision has been set aside: € 654 697

The actuarial assumptions used are as follows :

– Discount rate : 1,5 %– Salary progression rate: 2,8 %– Age of retirement: 63 years– Mortality rate table: (table INSEE TD 09–11)




Tax credit for competitiveness and employment

The tax credit for competitiveness and employment (Crédit d’impôt pour la compétitivité et l’emploi) accrued as of 12/31/2017 amounted to € 250 600.

The 2017 CICE was used to improve the competitiveness of the Company through replenishing working capital.

The firm of PwC network provide industry-focused assurance, accounting and advisory services to enhance value for clients.

Our teams accompany SMEs and family-owned businesses, by providing accounting, consolidation and management advisory services as well as delegated management of accounting, financial and management control. With 24 offices throughout France, PwC’s proximity allows us to better understand local economic situations, and consequently , to maintain a prominent position with decision makers.

More than 161,000 people in154 countries in PwC firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

The French member entities of the PwC global network represent 4,000 people in 24 offices.

“PwC” refers to the network of separate legal entitiesn memebers of PricewaterhouseCoopers International Limited (“PwCIL”). Please see www.pwc.com/structure for further detail.

Amiens 14, boulevard Alsace-Lorraine BP 31724 80017 Amiens Cedex 1 Tel.: +33 (0)3 22 91 30 00

Bordeaux 179, cours du Médoc CS30008 33070 Bordeaux Cedex Tel.: +33 (0)5 57 10 07 50

Bourg-en-Bresse 5, boulevard Paul Valéry BP 142 01004 Bourg-en-Bresse Tel.: +33 (0)4 74 21 18 54

Cognac 4, rue de Segonzac CS 40254 16112 Cognac Cedex Tel.: +33 (0)5 45 82 52 00

Dijon Les Blasons du Château 11E, boulevard Rembrandt BP 57024 21070 Dijon Cedex Tel.: +33 (0)3 80 28 07 28

Grenoble 2, square Roger Genin BP 416 38017 Grenoble Cedex 1 Tel.: +33 (0)4 76 84 33 50

Lille Bâtiment ONIX 594, avenue Willy Brandt 59777 Euralille Tel.: +33 (0)3 28 36 24 80

Limoges 20, rue Banc Léger 87000 Limoges Tel.: +33 (0)5 55 34 19 05

Lyon 20, rue Garibaldi 69451 Lyon Cedex 06 Tel.: +33 (0)4 78 17 81 78

Marseille Les Docks - Atrium 10-1 10, place de la Joliette BP 81525 13567 Marseille Cedex 02 Tel.: +33 (0)4 91 99 30 00

Metz Metz Technopôle 3, rue Thomas Edison 57070 Metz Tel.: +33 (0)3 87 18 40 60

Montpellier 650, rue Henri Becquerel 34000 Montpellier Tel.: +33 (0)4 67 22 84 84

Monaco Immeuble le Mercator 7, rue de l’Industrie 98000 Monaco Tel.: +3 77 92 05 71 00

Nantes 34, place Viarme Espace Viarme BP 90928 44009 Nantes Tel.: +33 (0)2 51 84 36 36

Nice immeuble Nice Plaza 455, promenade des Anglais BP 93130 06203 Nice Cedex 3 Tel.: +33 (0)4 93 37 20 20

Paris 63, rue de Villiers 92208 Neuilly-sur-Seine Cedex Tel.: +33 (0)1 56 57 53 13

Pau Cité Multimédia 4, rue Thomas Edison BP 7501 64075 Pau Cedex Tel.: +33 (0)5 59 14 24 34

Poitiers 14, boulevard du Maréchal de Lattre de Tassigny 86000 Poitiers Tel.: +33 (0)5 49 88 17 29

Quimper 9, rue du Président Sadate CS 82031 29018 Quimper Cedex Tel.: +33 (0)2 98 10 31 03

Rennes 40, boulevard de La Tour d’Auvergne CS 64008 35040 Rennes Cedex Tel.: +33 (0)2 99 23 17 17

Rouen Parc de la Vatine 20, rue Raymond Aron 76130 Mont Saint-Aignan Tel.: +33 (0)2 35 59 00 85

Saint-Quentin Les Jardins de l’Hôtel-Dieu 6, place Arnaud Bisson BP 49 02101 Saint-Quentin Cedex Tel.: +33 (0)3 23 06 28 00

Strasbourg Centre d’Affaires Urbania 230, avenue de Colmar CS 90240 67 089 Strasbourg Cedex Tel.: +33 (0)3 88 45 55 50

Toulouse immeuble le Sully 1, place Occitane BP 28036 31 080 Toulouse Cedex 06 Tel.: +33 (0)5 62 27 57 57

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MOVIANTO FRANCE SAS For the year ended · statements of MOVIANTO FRANCE SAS for 31 12 2017. We conducted our work to the standards laid down in the professional standard of France's