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Page Background 1 I FINANCIAL STATEMENTS 30 1.1 I Income statement 30 1.2 I Statement of financial position 32 1.3 I LISI Group consolidated cash flow table 33 1.4 I Statement of shareholders’ equity 34 2 I NOTES 35 2.1 I Group activity and highlights of the year 35 2.2 I Accounting principles and policies 35 2.3 I Scope of consolidation 42 2.4 I Financial risk management 44 2.5 I Detail of the balance sheet items 48 2.6 I Detail of main income statement items 63 2.7 I Additional information 67 2.8 I Currency exchange rates applied by foreign subsidiaries 72

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LISI 2017 FINANCIAL REPORT

CONSOLIDATED FINANCIAL STATEMENTS

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