EXERCICE CLOS LE 31 DECEMBRE 2017
! ,
!"#$%&$'()*+#$,*&*-!-&&&&&&&&&&&&&&&&&&& ,./0121/&34&56756768&!4&9676:768
-./01 2324.0.2( 2324.0.2(542.2627/
-"#*89::'"')8:
;*<8 '8(=*#>9:9#): 7'8 7'8
0??@;0A0B-/0@7B(27(7@7(C-A2D4B(!-, EFG(HEFIJE KLH(JHMIEG NOE(KKMILM LGH(OOHIGJ
-&"0;2<&=0>?2@2A;20/<
-&%B;0C/<&D&0>=;0E20&<40&=?4<2/40<&/./0121/< FGH&5FGI8F 9:5&85JIFH 6KF&99JI:J :H5&KK5IH8
-&L02@/<&3/&0/@MN40</@/AE&3/<&NM?2C;E2NA<
! 0??@;0A0B-/0@7B(07.@45@42AA2B(!;, K(JNE(HFHIHH NMF(MNKIKK K(GNG(NOOIOJ K(GLH(MFFIOJ
%-&$@@NM2?2<;E2NA<&/A&0/1B/01B/&/E&3>O/?N==/@/AE
+ -&P0/O/E<I&@;0Q4/<I30N2E<I&/E&O;?/40<&<2@2?;20/< :6F&5G5I55 6JG&J69I99 6H&6KKIK8 :5&JGGIK8
$ -&"NA3<&1N@@/012;? 9&H55&555I55 9&H55&555I55 9&H55&555I55
" -&!4E0/<&2@@NM2?2<;E2NA<&2A1N0=N0/??/<
0??@;0A0B-/0@7B(.@45@42AA2B(!., LG(JJF(FMOIJL LL(JGN(FMEIML K(HLJ(HHNIFH K(MKF(MMFILN
$ -&+/00;2A< GKF&66HI55 966&J56IKK HH:&:69I9F H8:&:69I9F
R-&%NA<E041E2NA< 8&9K:&J5GIF9 K&:99&:89I8F 6&6:J&K9FIKJ 6&:GK&H85I8J
R-&$A<E;??;E2NA<&E/1BA2Q4/<I@;E>02/?&/E&N4E2??;C/ 6:&J96&9:8IKJ 6:&:JH&K:FIK9 K9H&859I5K JHJ&5H9IHK
S -&R;E>02/?&3/&E0;A<=N0E 6&G::&G5GI5: 6&F8H&KGFIK9 9F8&6:9I9J KK5&K:KIHK
P -&RNM2?2/0I@;E>02/?&3/&M40/;4&/E&;@>A;C/@/AE< :&KKF&F6HI:J :&9F:&K9:I86 9:6&8G:IHG F6F&G6FI8G
$ &&32O/0<
T -&!4E0/<&2@@NM2?2<;E2NA<&1N0=N0/??/< 699&9::I:J J:&888IHH F5&HFFI8F FH&86JI6G
$ -&$@@NM2?2<;E2NA<&1N0=N0/??/<&/A&1N40<
* 0??@;0A0B-/0@7B(107-7.0242B(!6, NK(MNN(LEMIFK LLJ(OJFIGF NK(OFK(GJNILG NK(OFK(GJNILG
, -&L0UE<&2@@NM2?2<>< ::8&K8GIHG ::8&K8GIHG
-&!4E0/<&10>;A1/<&V2A;A12W0/< H&JJ8&:J6I:H H&JJ8&:J6I:H H&JJ8&:J6I:H
-&+2E0/<&3/&=;0E212=;E2NA 8&KGK&:G5I55 8&KGK&:G5I55 8&KGK&:G5I55
-&!4E0/<&E2E0/<&2@@NM2?2<><
2.-4/B(62(.@7C24B0@7P-./01(!2, -&(2@2A4E2NA&3/<&10>;A1/<&2@@NM2?2<>/<
-&!4C@/AE;E2NA&3/<&3/EE/<&V2A;A12W0/<
/@/-A(0(!-Q;Q.Q6Q2, EK(FFM(LJGILM LK(EMM(NMOILF LH(KMH(HJMIHN LN(KME(LNFIJH
B/@.RB(!1, NH(GMN(ELJIHH NH(GMN(ELJIHH NN(NEL(JGLIOH
-&R;01B;A32</<
-&R;E2W0/<&/E&VN40A2E40/<&1NA<N@@;M?/< K&FJK&5JKI55 K&FJK&5JKI55 K&:6J&:8FIK5
! -&L0N342E<&/A&1N40< 886&:89I55 886&:89I55 F9F&G95I55
%-&L0N342E<&2AE/0@>32;20/<&/E&=0N342E<&0><234/?<
+ -&L0N342E<&V2A2< 9&9:F&5HGI55 9&9:F&5HGI55 F&FGG&KFGI55
$ .42-7.2B(62(AS-./01(.04.DA-7/B(!T, NJ(MOG(GOKIGF KE(OJMIJK NJ(MKH(FFKIFG NJ(HGM(KOFIOL
" -&"N40A2<-&3>M2E/40<I;O;A1/<&/E&;1N@=E/< 6:&JG5I55 6:&JG5I55 H6&6J9I55
-&%?2/AE<&/E&1N@=E/<&0;EE;1B>< 6K&JKF&55:IK5 9F&K8JI89 6K&J:J&9::IG8 6K&6:F&8H9I::
%-&L/0<NAA/? 96&5:KIK9 96&5:KIK9 65&665IGF
$ -&,E;E KGJ&FFGI5J KGJ&FFGI5J GK9&8J:IF:
#-&%N@=E/<&3X;<<N12><
%-&!4E0/<&3>M2E/40<
)-&%N@=E/&3/&0>C4?;02<;E2NA-&!1E2V :KG&65KI:K :KG&65KI:K J&H6JI6F
T /0/42B(2/(C-A2D4B(62(5A-.2?27/B(!U,
!
'2.-4/B(62(.@7C24B0@7P-./01(!0, NH(KKKINF NH(KKKINF L(KNMINN
+ Y,?>@>AE<&12014?;AE<Z
/@/-A(00(!1QTQUQ0, LF(GOJ(KLKIJO KE(OJMIJK LF(GKL(OEEIHK LF(LHE(EEHIKK
+ /42B@42402P-./01
#-&%BWQ4/<&/E&O;?/40<&D&/A1;2<</0 K:H&8F6I:F K:H&8F6I:F
, -&P;AQ4/I&+-[-&/E&%-%-L- :&:G9&:85I5: :&:G9&:85I5: 6KF&559IJG
* -&%;2<</I#>C2/<&3X;O;A1/<&/E&;110>32E2V< F&9KFI55 F&9KFI55 8&9KKI55
S /@/-A(000 L(MNK(KJGILO L(MNK(KJGILO NJN(KOMIMF
/@/-A(T2724-A(0Q00Q000 JG(KOM(MJEIKN LK(GKK(FJOIHN GN(FKO(HMFIKH EM(JJH(HLMIHN
PASSIF
COMPTE DE PRODUITS ET CHARGES (HORS TAXES) ATTESTATION DES COMMISSAIRES AUX COMPTES ACTIF
! ,
!"#$%&$'()*+#$,*&*-!-&&&&&&&&&&&&&&&&&&& ,./0121/&34&56756768&!4&9676:768
-./012 ;0<=0/>&? %<@1/0@A@B 23214542 23214542
CD/./0121/ C/>&/./0121/>&=0E1E3/@B> 6124272-/
6 : 9F6G: H
$ 618705/9(7:236;85/./58- , -&I/@B/>&3/&JA01KA@32>/>L/@&CDEBABM
N -&I/@B/>&3/&O2/@>&/B&>/0P21/>&=0<342B> H:&99Q&R89S86 H:&99Q&R89S86 H:&96T&U69S6:
; &&%K2VV0/&3DAVVA20/> H:&99Q&R89S86 H:&99Q&R89S86 H:&96T&U69S6:
W -&IA02AB2<@&3/&>B<1X>&3/&=0<342B>&LGYM&L6M YT:T&6H8S55 YT:T&6H8S55 :&985&9T6SUQ
Z -&$JJ<O2C2>AB2<@>&=0<342B/>&=A0
$ &&CD/@B0/=02>/&=<40&/CC/YJ[J/
+ -&*4OP/@B2<@>&3D/.=C<2BAB2<@
! -&!4B0/>&=0<342B>&3D/.=C<2BAB2<@ 6HR&Q:US:U 6HR&Q:US:U
+ -&#/=02>/&3D/.=C<2BAB2<@>\B0A@>V/0B>&3/ HU9&RQ8S55 HU9&RQ8S55 RT9&URRS9U
$ &&1KA0]/>
Z /8/.;(5 <=(><?(?>@ABB <=(><?(?>@ABB <C(@?@(=D>A<D
' $$ 4E.1F29(7:236;85/./58- -&!1KAB>&0/P/@34>&L:M&3/&JA01KA@32>/>
-&!1KAB>&1<@><JJE>&L:M&3/&JAB2^0/>&/B 6U&5RT&T9RSU5 6U&5RT&T9RSU5 ::&5HQ&UU5S9H
&&V<40@2B40/>
-&!4B0/>&1KA0]/>&/.B/0@/> :&:5T&6:6S:5 Q&5TTS:Q :&:69&:5USHQ 9&5HT&99HS58
-&$J=_B>&/B&BA./> :5R&56:S55 :5R&56:S55 :5H&U5QS5H
-&%KA0]/>&3/&=/0><@@/C U&:89&R:TS96 QTRS86 U&:8H&:6QS5: U&HUH&9URSTU
-&!4B0/>&1KA0]/>&3D/.=C<2BAB2<@
-&(<BAB2<@>&3D/.=C<2BAB2<@ :&5:9&9Q5S:R :&5:9&9Q5S:R :&59:&959S96
/8/.;(55 @=(??G(G<HAD? C(D?<AGD @=(?HC(D=@AD@ @D(H=C(G=GADC
$$$ 1290;/./(7:236;85/./58-(!5I55, U&9R8&8RHS99 YQ&R8HSUR G(@D=(BHGA@? H(C<?(@@>AH>
$I 618705/9(J5-.-45219
" -&;0<342B>&3/>&B2B0/>&3/&=A0B212=AB2<@&/B
$ &&A4B0/>&B2B0/>&2JJ<O2C2>E>
' -&`A2@>&3/&1KA@]/ 6U&6R:S:U 6U&6R:S:U HR&Q8:SR5
! -&$@BE0[B>&/B&A4B0/>&=0<342B>&V2@A@12/0> :9Q&TQQS8T :9Q&TQQS8T :QU&Q8US9R
' -&#/=02>/>&V2@A@12^0/>\B0A@>V/0B>&3/ :&96US66 :&96US66 9&HHRS98
% &&1KA0]/>
$ /8/.;(5K =C?(@@?A>H =C?(@@?A>H @BG(CGHA@@
, I 4E.1F29(J5-.-452129
# -&%KA0]/>&3D2@BE0[B> 85&6QRSUH 85&6QRSUH 6Q8&QQ5S:5
-&;/0B/>&3/&1KA@]/ TR&96:S86 TR&96:S86 RQ&R9:S::
-&!4B0/>&1KA0]/>&V2@A@12^0/>
-&(<BAB2<@>&V2@A@12^0/> 65&999S6T 65&999S6T ::U&UU8SRU
/8/.;(K >DD(HB=AH@ >DD(HB=AH@ <C@(>HBA>>
I$ 1290;/./(J5-.-4521(!5KIK, GB(C@<A@C GB(C@<A@C I><@(CH>A?H
I$$ 1290;/./(4801.-/(!555LK5, G(<CH(=GHADH IC(D?<AGD G(<C=(D=@A?= H(<B@(?CBAB@
6M IA02AB2<@&3/&>B<1X>&a&>B<1X&V2@ACY>B<1X&2@2B2AC\A4]J/@BAB2<@LGM\32J2@4B2<@LYM :M !1KAB>&0/P/@34>&<4&1<@><JJE>aA1KAB>YPA02AB2<@&3/&>B<1X>-
((((((((((((((8621./58-9
! ,
!"#$%&$'()*+#$,*&*-!-&&&&&&&&&&&&&&&&&&& ,./0121/&34&56756768&!4&9676:768 (((((((((((((((((((((((-./0123-45
41260/ ;0<=0/>&? %<@1/0@A@B /7/0838/ /7/0838/
CD/./0121/ C/>&/./0121/>&=0E1E3/@B> .0/8/9/42
6 : 9F6G: H
I$$ 0/56:212(8-60142!*';#*<=, >(?@A(BACDEA F(?GC(E@GDGC
I$$$ .0-96325(4-4(8-601425
-&;0<342B>&3/&1/>>2<@>&3D2JJ<K2C2>AB2<@> 9L&555M55
-&*4KN/@B2<@>&3DEO42C2K0/
' -&#/=02>/>&>40&>4KN/@B2<@>&
P &&3D2@N/>B2>>/J/@B
' -&!4B0/>&=0<342B>&@<@&1<40A@B> 6Q&R6SM:5 6Q&R6SM:5 L8&6HRM:8
-&#/=02>/>&@<@&1<40A@B/>TB0A@>U/0B>&3/ L55&555M55 L55&555M55 95L&SHLM6L
&&1VA0W/>
% 2-21:(H333 @IF(>IBDAG @IF(>IBDAG C>E(E>?D?A
P $X 8J10K/5(4-4(8-60142/5 ) -&IAC/40>&@/BB/>&3DAJ<0B2>>/J/@B>&3/>
# &&&2JJ<K2C2>AB2<@>&1E3E/>
! -&*4KN/@B2<@>&A11<03E/>
' -&!4B0/>&1VA0W/>&@<@&1<40A@B> H5H&S8LMQ9 H5H&S8LMQ9 9Q9&H:RM6L
+ -&(<BAB2<@>&@<@&1<40A@B/>&A4. L59&LS6M55
&&AJ<0B2>>/J/@B>&/B&A4.&=0<N2>2<@>
2-21:(37 ?G?(BE@DFC ?G?(BE@DFC FFB(>>GDI@
X 0/56:212(4-4(8-60142!H333L37, II?(A?GDCE II?(A?GDCE L?F>(I>@DEC
X$ 0/56:212(1H142(3M.-25!H33NL7, >(@EA(@C>DG@ L@(BE?D>B >(@BB(FB?DG> E(>I?(@@?DCG
X$$ 3M.-25(560(:/5(0/56:2125 A(FGB(F>@DGG A(FGB(F>@DGG A(@IB(G?CDGG
X$$$ 0/56:212(4/2!73L733, B(EB@(B??DG@ L@(BE?D>B B(E@>(>B>DG> @(C>F(@IIDCG
&&X$I 2-21:(9/5(.0-96325 H:&R:9&RSSM9Q ?A(>AC(>BBDCF ?B(GFG(B@?DAI
!3N3HNH333,
&&XI 2-21:(9/5(8J10K/5 9S&6LQ&9::M99 L&S8HMRS CB(IBC(>>EDA> ?G(BFA(I?AD>I
!33NHN37N733,
&&XI$ 0/56:212(4/2 S&8SL&SHHM5L YL&S8HMRS B(E@>(>B>DG> @(C>F(@IIDCG
!<#<+&($'=(;*#$OP<=L<#<+&($'=(QR+*S'=,
! ,
!"#$%&$'()*+#$,*&*-!-&&&&&&&&&&&&&&&&&&& ,./0121/&34&56756768&!4&9676:768
((((((((((((((((((((((((((((((((((((((((((((((-.//01 23245052 23245052(
-42526278 5.-08.93(-4:-42/
-&%;<2=;>&?@12;>&@4&</0?@AA/>&B6C 6D&E8E&555F55 6D&E8E&555F55
-&G@2A?&H;1=2@AA;20/?F1;<2=;>&?@4?102=&A@A&;<</>I
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&%;<2=;>&;<</>I
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&3@A=&J/0?I -&K02G/&3LIG2??2@AF&3/&M4?2@AF&3L;<<@0=
"
-&,1;0=?&3/&0I/J;>4;=2@A$
-&#I?/0J/&>IN;>/ 6&O9P&5O:F8E 6&O9P&5O:F8E'
!
-&!4=0/?&0I?/0J/? 9&D6O&6E5F55 9&D6O&6E5F55'
-&#/<@0=&Q&A@4J/;4&B:C 6R&:EE&O5PFP: 6E&::P&8POFR:%
-&#I?4>=;=?&A/=?&/A&2A?=;A1/&3L;MM/1=;=2@A&B:C,
-&#I?4>=;=&A/=&3/&>L/./0121/&B:C R&8EP&PRPF5P E&9PO&E66F95S 8#;+&($'<(=+>?;+@A(>*#>*'<(!., BC(DBD(EFFGHI BE(BIE(JBCGIH
,
5.-08.93(-4:-42/(.//0K0L2/ !M,'
-&*4TJ/A=2@A&3L2AJ/?=2??/G/A=+
-&K0@J2?2@A?&0IN>/G/A=I/?K
,
#
S62882/(62(107.752K278 !5,
!
-&,G<04A=?&@T>2N;=;20/?'
-&!4=0/?&3/==/?&3/&M2A;A1/G/A=, ' +
-4:N0/0:7/(694.ML2/(-:94(40/O92/(28(5P.4Q2/ !6,
-&K0@J2?2@A?&<@40&02?U4/?
-&K0@J2?2@A?&<@40&1V;0N/?
25.48/(62(5:7N24/0:7R-.//01 !2,
-&!4NG/A=;=2@A&3/?&10I;A1/?&2GG@T2>2?I/?
-&(2G2A4=2@A&3/?&3/==/?&3/&M2A;A1/G/A=
8:8.L(0(!.SMS5S6S2, BC(DBD(EFFGHI BE(BIE(JBCGIH
K 62882/(69(-.//01(50459L.78 !1, D(EED(IIHGED I(TUT(FCTGHF
!
-&"@40A2??/40?&/=&1@G<=/?&0;==;1VI? 9&P65&R5OFE6 9&:D:&D85F:9*
-&%>2/A=?&10I32=/40?F&;J;A1/?&/=&;1@G<=/?*
-&K/0?@AA/> :&856F55$
-&W0N;A2?G/?&?@12;4. DOP&E8:FEP E:E&P::FE5"
-&,=;= 9&EPO&9P:FE: 9&6E:&D99F8O-&%@G<=/?&3L;??@12I?
%
-&!4=0/?&10I;A12/0?$
-&%@G<=/?&3/&0IN4>;02?;=2@AX<;??2M 8&9P:FDR 6O&959F:5#
.9842/(-4:N0/0:7/(-:94(40/O92/(28(5P.4Q2/ !Q, TID(UBBGHD TTJ(THIGFF%
25.48/(62(5:7N24/0:7R-.//01(!2&V"');<(=?*=@&+);<, !P, FF(EHBGID)
8:8.L(00(!1SQSP, D(TDD(EDIGJB H(TUJ(FEJGDC+
842/:42402R-.//01#
-&%0I32=?&3L/?1@G<=/ DE5&5EPF6O,
-&%0I32=?&3/&=0I?@0/02/*
-&Y;AU4/?&B?@>3/?&10I32=/40?C P:D&9:6F9DW 8:8.L(000 F(UHB(UDEGJC
8:8.L(Q2724.L(0S00S000 JF(DUI(ETDGUE BT(HHE(ECTGEF B6C&1;<2=;>&</0?@AA/>&3IT2=/40&BXC
B:C&YIAIM212;20/BZCF3IM212=;20/BXC