2 0 1 4 A C T I V I T Y R E P O R T / 4 5

IN MILLIONS OF EUROS - FOR THE YEAR ENDED DECEMBER 31 2014 2013*

ASSETS Goodwill 4,243.9 4,111.2 Intangible assets 1,084.0 1,038.3 Property, plant and equipment 287.1 278.1 Long-term investments 24.8 51.7 Deferred tax assets 175.2 161.6 TOTAL NON-CURRENT ASSETS 5,815.0 5,640.9 Inventories 1,487.2 1,389.5 Trade accounts receivable 2,206.0 2,062.8 Current tax assets 9.7 18.3 Other accounts receivable 499.0 467.8 Assets held for sale 3.7 3.4 Cash and cash equivalents 1,159.8 957.8 TOTAL CURRENT ASSETS 5,365.4 4,899.7 TOTAL ASSETS 11,180.4 10,540.5 EQUITY

Share capital 1,460.0 1,416.7 Share premium 1,599.8 1,510.8 Reserves and retained earnings 1,275.9 1,289.5 TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 4,335.7 4,217.0

Non-controlling interests 7.7 10.1 TOTAL EQUITY 4,343.4 4,227.1 LIABILITIES Interest bearing debt (non-current part) 2,995.9 2,908.2 Net employee defined benefit liabilities 344.2 243.4 Deferred tax liabilities 196.9 172.1 Provision and other non-current liabilities 93.7 108.0 TOTAL NON-CURRENT LIABILITIES 3,630.7 3,431.7 Interest bearing debt (current part) 361.5 205.2 Accrued interest 9.7 11.6 Trade accounts payable 2,126.8 2,009.9 Income tax payable 42.1 37.2 Other current liabilities 666.2 617.9 TOTAL CURRENT LIABILITIES 3,206.3 2,881.7 TOTAL LIABILITIES 6,837.0 6,313.4 TOTAL EQUITY AND LIABILITIES 11,180.4 10,540.5

CONSOLIDATED BALANCE SHEET

*Restated for changes in accounting policies following the adoption of IFRIC interpretation 21 Levies