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  • INTERIM CONDENSED

    CONSOLIDATED FINANCIAL STATEMENTS

    * * *

    Nine and three-month period ended September 30, 2015

  • The accompanying notes are part of the interim condensed consolidated financial statements.

    Contents

    1. Corporate information .................................................................................................................................. 9

    2. Accounting policies ....................................................................................................................................... 9

    3. Significant events occurred during the period .............................................................................................. 11

    4. Operating segments .................................................................................................................................... 12

    5. Operating expenses ..................................................................................................................................... 13

    6. Gains / (Losses) on disposal of property and equipment and subsidiaries ..................................................... 14

    7. Other income and expenses ......................................................................................................................... 14

    8. NPV benefits related to assets financed by tax leases .................................................................................. 14

    9. Financial result ............................................................................................................................................ 15

    10. Income and deferred taxes ......................................................................................................................... 15

    11. Goodwill and other intangible assets ..........................................................................................................16

    12. Property and equipment ............................................................................................................................ 17

    13. Investments in associates and joint ventures ............................................................................................. 20

    14. Derivative financial instruments ................................................................................................................. 21

    15. Other non-current financial assets ............................................................................................................. 21

    16. Working Capital ........................................................................................................................................ 22

    17. Securities and other current financial assets ............................................................................................... 23

    18. Cash and cash equivalents ......................................................................................................................... 23

    19. Borrowings ............................................................................................................................................... 24

    20. Provisions, retirement benefit obligations and contingent liabilities ......................................................... 25

    20.1 Provisions related to employee benefits ......................................................................................... 26

    20.2 Provisions for litigation and other risks and obligations .................................................................. 26

    20.3 Contingent liabilities ....................................................................................................................... 26

    21. Commitments ............................................................................................................................................ 27

    22. Related party transactions ......................................................................................................................... 27

    23. Post balance sheet events .......................................................................................................................... 27

    CMA CGM / 2 Interim condensed consolidated financial statements Nine and three-month period ended September 30, 2015

  • The accompanying notes are part of the interim condensed consolidated financial statements.

    Interim Consolidated Statement of Profit & Loss

    For the nine and three-month period ended September 30, 2015

    (in USD million, except for earnings per share)

    Note 2015 2014 2015 2014

    REVENUE (4) 12,100.6 12,509.1 3,976.8 4,367.9

    (5) (10,962.8) (11,632.6) (3,733.1) (4,042.8)

    1,137.8 876.4 243.7 325.1

    (6) (0.5) 27.8 (0.4) 1.1 (12) (299.2) (298.4) (100.0) (100.0)(7) 20.0 (26.0) 2.5 (0.3)(8) 36.5 54.7 12.0 18.5

    894.6 634.5 157.8 244.4

    (13) (6.2) 5.4 (17.8) 4.3

    (4) 888.4 639.9 140.0 248.7

    (207.9) (236.8) (68.4) (73.7)19.3 24.2 6.9 7.6 (7.4) 34.7 (0.8) 45.0

    (9) (196.0) (177.9) (62.3) (21.1)692.4 462.0 77.7 227.7

    Income taxes (10) (61.8) (50.5) (20.7) (20.1)

    630.6 411.5 57.0 207.6

    17.5 19.7 6.2 6.4

    613.1 391.8 50.8 201.2

    42.0 27.7 3.8 13.9

    Share of income / (loss) from associates and joint ventures

    Other income and expenses

    PROFIT FOR THE PERIOD

    OWNERS OF THE PARENT

    NON CONTROLLING INTERESTS

    OPERATING PROFIT BEFORE SHARE OF PROFIT OF ASSOCIATES AND JOINT VENTURES

    Interests expense on borrowings

    For the three-month period ended September 30,

    Earnings per share basic and diluted attributable to the owners of the parent company (in USD)

    For the nine-month period ended September 30,

    Operating expenses

    Gains / (losses) on disposal of property and equipment and subsidiariesDepreciation and amortization of non-current assets

    Net present value (NPV) benefits related to assets financed by tax leases

    OPERATING PROFIT AFTER SHARE OF PROFIT OF ASSOCIATES AND JOINT VENTURES

    OPERATING PROFIT BEFORE GAINS ON DISPOSAL OF PROPERTY AND EQUIPMENT AND SUBSIDIARIES, DEPRECIATION & AMORTIZATION, etc.

    of which:

    FINANCIAL RESULT

    Interests income on cash and cash equivalentOther net financial items

    PROFIT BEFORE TAX

    Interim condensed consolidated financial statements CMA CGM / 3 Nine and three-month period ended September 30, 2015

  • The accompanying notes are part of the interim condensed consolidated financial statements.

    Interim Consolidated Statement of Comprehensive Income

    For the nine and three-month period ended September 30, 2015

    (in USD million)

    2015 2014 2015 2014

    630.6 411.5 57.0 207.6

    5.3 11.5 (2.9) 15.8 1.6 (3.2) 0.6 (5.2)

    (69.8) (46.3) (31.2) (46.0)

    0.2 - (0.1) -

    (0.7) (15.3) - (6.4)- (0.4) 0.1 (0.2)

    (63.4) (53.7) (33.5) (42.0)567.2 357.8 23.5 165.6

    Of which:16.1 19.0 5.4 5.7

    551.1 338.8 18.1 159.9

    Other comprehensive income reclassifiable to Profit and Loss

    Non-controlling interests

    Gains / (losses) arising during the periodRecycling to the income statement

    For the three-month period ended September 30,

    Total comprehensive income / loss) for the period, net of taxTotal other comprehensive income / (loss), net of tax

    Share of other comprehensive income of associates, net of tax

    Currency translation adjustment related to foreign subsidiaries, associates and joint ventures

    Remeasurment of defined benefit pension plans of associates

    Owners of the parent company

    PROFIT FOR THE PERIOD

    Cash flow hedges:

    Other Comprehensive Income For the nine-month period ended September 30,

    Remeasurment of defined benefit pension plansOther comprehensive income non reclassifiable to Profit and Loss

    CMA CGM / 4 Interim condensed consolidated financial statements Nine and three-month period ended September 30, 2015

  • The accompanying notes are part of the interim condensed consolidated financial statements.

    Interim Consolidated Statement of Financial Position Assets

    As at September 30, 2015

    (in USD million)

    ASSETS As at September 30, 2015As at December 31,

    2014Note

    Goodwill (11) 315.8 289.7 Other intangible assets (11) 237.1 222.4 INTANGIBLE ASSETS 552.9 512.1

    Vessels (12) 6,417.6 5,974.4 Containers (12) 531.1 544.9 Lands and buildings (12) 497.5 540.2 Other properties and equipments (12) 142.6 110.8 PROPERTY AND EQUIPMENT (12) 7,588.8 7,170.3

    Deferred tax assets (10) 34.0 34.2 Investments in associates and joint ventures (13) 646.2 686.1 Non-current derivative financial instruments (14) - 3.0 Other non-current financial assets (15) 576.4 657.3 NON-CURRENT ASSETS 9,398.3 9,063.0

    Inventories (16) 280.8 384.4 Trade and other receivables (16) 2,208.5 2,382.7 Current income tax asset (16) 18.1 15.6 Current derivative financial instruments (14) - 3.9 Securities and other current financial assets (17) 90.8 77.1 Cash and cash equivalents (18) 1,732.6 2,186.5 Prepaid expenses (16) 333.1 249.4 Assets classified as hel

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