_450 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements 5.3.2 Financial statements of Compagnie Générale des Établissements Michelin (parent) ASSETS (in € thousands) Note December 31, 2023 December 31, 2022 Cost Depreciation, amortization & provisions Net Net Intangible assets 5 427,379 (307,863) 119,516 164,362 Investments 6 11,391,719 (109,667) 11,282,052 12,644,258 NON-CURRENT ASSETS 11,819,098 (417,530) 11,401,568 12,808,620 Receivables 7 1,349,583 - 1,349,583 941,680 Derivative instruments 8.1 43,156 (42,906) 250 123,293 Cash 1,176,393 - 1,176,393 1,431,773 Prepaid expenses 4,922 - 4,922 7,015 CURRENT ASSETS 2,574,054 (42,906) 2,531,148 2,503,761 Deferred charges and bond call premiums 30,546 (5,171) 25,375 29,138 Conversion losses TOTAL ASSETS 14,423,698 (465,607) 13,958,092 15,341,519 EQUITY AND LIABILITIES (in € thousands) Note December 31, 2023 December 31, 2022 Share capital 9 357,479 357,059 Paid-in capital in excess of par 9 2,701,774 2,701,903 Revaluation reserve 10 624,772 624,772 Other reserves 10 1,282,573 1,282,993 Retained earnings 10 1,885,645 2,235,529 Net income 10 272,053 544,575 Untaxed reserves 10 61,598 61,598 EQUITY 7,185,894 7,808,429 Convertible bonds 8.1 565,238 Ordinary bonds and other borrowings 8.2 4,930,951 5,287,294 Other financial liabilities 11 949,606 1,278,405 Accrued taxes and payroll costs 11 3,531 27,995 Other liabilities 11 888,110 370,254 Derivative instruments - - LIABILITIES 6,772,198 7,529,186 Conversion gains 3,904 TOTAL EQUITY AND LIABILITIES 13,958,092 15,341,519
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