Umicore

Annual Report • Mar 24, 2017

40					1	EUR
NAT.	Date of the deposition		No. 0401.574.852	pp.	E.	D.		C 1
	ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE DEPOSITED IN ACCORDANCE WITH THE COMPANIES CODE
	IDENTIFICATION
NAME:	UMICORE
Legal form:	PLC
Address:	rue du marais							Nr.: 31
Postal Code:	1000		Gemeente: Brussel 1
Country:	Belgium
	1 Internet address :	www.umicore.com	Register of Legal Persons (RLP) - Office of the commercial court at:	Brussel, Dutch-speaking
							Company number:	0401.574.852
DATE		26/04/2016	publication of the partnership deed and the act changing the articles of association.					of the deposition of the partnership deed OR of the most recent document mentioning the date of
	ANNUAL ACCOUNTS		IN EURO (2 decimals)	2
			ANNUAL ACCOUNTS approved by by the General Meeting of					25/04/2017
			concerning the financial year covering the period from		1/01/2016		till	31/12/2016
	Previous period from 1/01/2015 till 31/12/2015
	3 The amounts of the previous financial year are are not identical to those which have been previously published. /

Total number of pages deposited: Number of the pages of the standard form not deposited for not being of service: 50 6.1, 6.2.2, 6.2.4, 6.2.5, 6.5.2, 6.17, 6.18.2, 6.19, 7, 8, 9

Signature (name and position) PLATTEEUW Filip Chief Financial Officer

GRYNBERG Marc Chief Executive Officer Signature (name and position)

Optional statement. 1

If necessary, adjust the unit and currency in which the amounts are expressed 2

LIST OF DIRECTORS, MANAGERS AND AUDITORS AND DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

LIST OF DIRECTORS, MANAGERS AND AUDITORS

COMPLETE LIST WITH name, first name, profession, residence-address (address, number, postal code, municipality) and position with the enterprise

PricewaterhouseCoopers Reviseurs d'Entreprises SCCRL CALL 0429.501.944

Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium

Title : Auditor, Membership number : B00009

Mandate : 29/04/2014- 25/04/2017

Represented by:

1.

DAELMAN Marc AUDITOR, Membership number : A01579 Woluwedal 18 , 1932 Sint-Stevens-Woluwe, Belgium

LEYSEN Thomas

Title : President of the board of directors Mandate : 28/04/2015- 24/04/2018 ROSIER 21, 2000 Antwerpen, Belgium

OPPENHEIMER Jonathan

Title : Director Mandate : 29/04/2014- 25/04/2017 Third Avenue 73, 2196 Inanda, South Africa

GRYNBERG Marc

Title : Delegated director Mandate : 28/04/2015- 24/04/2018 AVENUE DE L'AVOCAT 5, 1410 Waterloo, Belgium

GALLIENNE Ian

Title : Director Mandate : 28/04/2015- 24/04/2018 ALLEE DES PEUPLIERS 17, 6280 Gerpinnes, Belgium

GARRETT Mark

Title : Director Mandate : 28/04/2015- 24/04/2018 BÜNDTENWEG 76, 4102 BINNINGEN, Switzerland

KOLMSEE Ines

Title : Director Mandate : 29/04/2014- 25/04/2017 TRAUBINGER STRASSE 18, 82327 TUTZING, Germany

KUX Barbara

Title : Director Mandate : 1/01/2014- 25/04/2017 GUSTAV-GULL-PLATZ 4, 8004 ZÜRICH, Switzerland LIST OF DIRECTORS, MANAGERS AND AUDITORS (Continued from previous page)

THOMAES Rudi

Title : Director Mandate : 28/04/2015- 24/04/2018 AALSCHOLVERLAAN 80, box 102, 2050 Antwerpen 5, Belgium

MEURICE Eric

Title : Director Mandate : 28/04/2015- 24/04/2018 HANGMOOR CALLOW HILL ., GU254LD VIRGINIA WATER, United Kingdom

CHOMBAR Françoise

Title : Director Mandate : 26/04/2016- 30/04/2019 BOEKTLAAN 14, 3550 Heusden-Zolder, Belgium

HALL Colin

Title : Director Mandate : 26/04/2016- 30/04/2019 SELWOODPLACE 14, SW7 3HY LONDON, United Kingdom

DECLARATION ABOUT SUPPLEMENTARY AUDITING OR ADJUSTMENT MISSION

The managing board declares that the assignment neither regarding auditing nor adjusting has been given to a person who was not authorised by law pursuant to art. 34 and 37 of the Law of 22nd April 1999 concerning the auditing and tax professions.

Yes / No Have the annual accounts been audited or adjusted by an external accountant or auditor who is not an statutory auditor ?

If YES, mention here after: name, first names, profession, residence-address of each external accountant or auditor, the number of membership with the professional Institute ad hoc and the nature of this engagement:

• A. Bookkeeping of the undertaking **,
• B. Preparing the annual accounts **,
• C. Auditing the annual accounts and/or
• D. Adjusting the annual accounts.

If the assignment mentioned either under A or B is performed by authorised accountants or authorised accountants-tax consultants, information will be given on: name, first names, profession and residence-address of each authorised accountant or accountant-tax consultant, his number of membership with the Professional Institute of Accountants and Tax consultants and the nature of this engagement.

Name, first name, profession, residence-address	Number of membership	Nature of the engagement (A, B, C and/or D)

^* Delete where appropriate.

^** Optional disclosure.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Notes	Codes	Period	Previous period
ASSETS
FORMATION EXPENSES	6.1	20
FIXED ASSETS		21/28	3.847.718.323,42	3.835.807.711,28
Intangible fixed assets	6.2	21	117.182.996,95	88.286.908,14
Tangible fixed assets	6.3	22/27	365.507.297,66	353.973.712,86
Land and buildings		22	117.211.952,45	125.440.170,60
Plant, machinery and equipment		23	171.751.521,15	165.842.552,92
Furniture and vehicles		24	12.928.530,21	14.450.514,65
Leasing and other rights		25	3.231.250,00
Other tangible fixed assets		26	325.306,98	337.726,77
Tangible assets under construction and advance payments made		27	60.058.736,87	47.902.747,92
	6.4 / 6.5.1
Financial fixed assets		28	3.365.028.028,81	3.393.547.090,28
Affiliated enterprises	6.15	280/1	3.340.964.195,91	3.366.336.947,56
Participating interests		280	3.340.964.195,91	3.366.336.947,56
Amounts receivable		281
Other enterprises linked by participating interests	6.15	282/3	128.765,19	130.439,19
Participating interests		282	128.765,19	130.439,19
Amounts receivable		283
Other financial assets		284/8	23.935.067,71	27.079.703,53
Shares		284	23.848.810,93	26.993.446,75
Amounts receivable and cash guarantees		285/8	86.256,78	86.256,78

	Notes	Codes	Period	Previous period
CURRENT ASSETS		29/58	752.879.145,71	684.601.275,95
Amounts receivable after more than one year		29	373.483,03	373.483,03
Trade debtors		290
Other amounts receivable		291	373.483,03	373.483,03
Stocks and contracts in progress		3	351.863.704,12	343.868.071,29
Stocks		30/36	351.863.704,12	343.868.071,29
Raw materials and consumables		30/31	157.864.974,04	129.402.632,75
Work in progress		32	51.600.774,55	62.636.427,68
Finished goods		33	142.065.094,88	151.581.393,40
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		36	332.860,65	247.617,46
Contracts in progress		37
Amounts receivable within one year		40/41	216.041.804,28	163.724.517,19
Trade debtors		40	200.242.555,84	149.442.323,39
Other amounts receivable		41	15.799.248,44	14.282.193,80
Current investments	6.5.1 / 6.6	50/53	164.808.841,14	162.043.282,82
Own shares		50	89.616.372,65	129.912.779,15
Other investments and deposits		51/53	75.192.468,49	32.130.503,67
Cash at bank and in hand		54/58	1.900.586,33	951.199,49
Deferred charges and accrued income	6.6	490/1	17.890.726,81	13.640.722,13
TOTAL ASSETS		20/58	4.600.597.469,13	4.520.408.987,23

	Notes	Codes	Period	Previous period
EQUITY AND LIABILITIES
EQUITY		10/15	1.221.977.140,96	1.214.164.162,60
Capital	6.7.1	10	500.000.000,00	500.000.000,00
Issued capital		100	500.000.000,00	500.000.000,00
4 Uncalled capital		101
Share premium account		11	6.609.765,90	6.609.765,90
Revaluation surpluses		12	90.952,00	90.952,00
Reserves		13	289.770.240,00	330.066.646,50
Legal reserve		130	50.000.000,00	50.000.000,00
Reserves not available		131	89.616.372,65	129.912.779,15
In respect of own shares held		1310	89.616.372,65	129.912.779,15
Others		1311
Untaxed reserves		132	150.153.867,35	150.153.867,35
Available reserves		133
Accumulated profits (losses) (+)/(-)		14	418.868.248,80	372.083.323,01
Investment grants		15	6.637.934,26	5.313.475,19
Advance to associates on the sharing 5 out of the assets		19
PROVISIONS AND DEFERRED TAXES		16	111.774.628,98	109.685.362,67
Provisions for liabilities and charges		160/5	111.774.628,98	109.685.362,67
Pensions and similar obligations		160	54.258.529,42	46.917.856,41
Taxation		161
Major repairs and maintenance		162	3.064.143,87	6.691.780,61
Environmental liabilities		163	45.391.957,96	46.676.841,86
Other risks and costs	6.8	164/5	9.059.997,73	9.398.883,79
Deferred taxes		168

⁴ Amount to be deducted from the issued capital.

⁵ Amount to be deducted from the other components of equity.

	Notes	Codes	Period	Previous period
AMOUNTS PAYABLE		17/49	3.266.845.699,19	3.196.559.461,96
Amounts payable after more than one year	6.9	17	1.981.248.828,40	1.572.000.000,00
Financial debts		170/4	1.981.248.828,40	1.572.000.000,00
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172	3.248.828,40
Credit institutions		173
Other loans		174	1.978.000.000,00	1.572.000.000,00
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advances received on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year	6.9	42/48	1.193.796.809,68	1.563.686.552,24
Current portion of amounts payable after more than one year falling due within one year		42	50.000.000,00	560.000.000,00
Financial debts		43	596.640.480,03	468.266.740,14
Credit institutions		430/8
Other loans		439	596.640.480,03	468.266.740,14
Trade debts		44	410.548.294,71	384.777.214,62
Suppliers		440/4	409.865.028,04	384.276.952,62
Bills of exchange payable		441	683.266,67	500.262,00
Advances received on contracts in progress		46	3.004.681,38	3.864.696,43
Taxes, remuneration and social security	6.9	45	45.390.733,23	62.419.476,90
Taxes		450/3	2.061.560,63	18.584.559,65
Remuneration and social security		454/9	43.329.172,60	43.834.917,25
Other amounts payable		47/48	88.212.620,33	84.358.424,15
Accrued charges and deferred income	6.9	492/3	91.800.061,11	60.872.909,72
TOTAL LIABILITIES		10/49	4.600.597.469,13	4.520.408.987,23

INCOME STATEMENT

	Notes	Codes	Period	Previous period
Operating income and charges		70/76A	2.415.676.232,67	2.961.093.096,61
Turnover	6.10	70	2.303.762.116,68	2.812.563.739,58
Increase (decrease) in stocks of finished goods, work and contracts in progress (+)/(-)		71	-29.585.519,95	5.176.453,07
Own construction capitalised		72	36.037.167,16	35.900.910,96
Other operating income	6.10	74	105.462.468,78	107.129.503,85
Non-recurring operating income	6.12	76A		322.489,15
Operating charges		60/66A	2.412.639.974,20	2.888.281.277,69
Raw materials, consumables		60	1.882.904.738,23	2.372.637.151,75
Purchases		600/8	1.913.390.891,23	2.348.221.011,13
Decrease (increase) in stocks (+)/(-)		609	-30.486.153,00	24.416.140,62
Services and other goods		61	181.699.950,49	179.026.066,41
Remuneration, social security costs and pensions (+)/(-)	6.10	62	226.520.826,16	237.405.916,91
Depreciation of and amounts written off formation expenses, intangible and tangible fixed assets		630	81.832.709,67	75.485.043,43
Increase, Decrease in amounts written off stocks contracts in progress and trade debtors: Appropriations (write-backs) (+)/(-)		631/4	-5.442.010,54	12.116.059,58
Provisions for risks and charges - Appropriations (uses and write-backs) (+)/(-)	6.10	635/8	2.146.583,27	891.207,46
Other operating charges	6.10	640/8	8.352.355,74	10.719.832,15
Operation charges carried to assets as restructuring costs (-)		649
Non-recurring operating charges	6.12	66A	34.624.821,18
Operating profit (loss) (+)/(-)		9901	3.036.258,47	72.811.818,92

	Notes	Codes	Period	Previous period
Financial income		75/76B	258.001.868,23	182.294.698,08
Recurring financial income		75	245.810.842,75	179.178.419,76
Income from financial fixed assets		750	239.746.429,91	175.588.134,40
Income from current assets		751	214.455,81	251.979,77
Other financial income	6.11	752/9	5.849.957,03	3.338.305,59
Non-recurring financial income	6.12	76B	12.191.025,48	3.116.278,32
Financial charges	6.11	65/66B	113.177.856,28	106.570.206,06
Recurring financial charges		65	60.862.215,71	75.985.021,33
Debt charges		650	54.627.078,31	73.805.374,62
Amounts written down on current assets except stocks, contracts in progress and
trade debtors (+)/(-)		651	-8.484,56	-8.600,94
Other financial charges		652/9	6.243.621,96	2.188.247,65
Non recurring financial charges	6.12	66B	52.315.640,57	30.585.184,73
Profit (loss) for the period before taxes (+)/(-)		9903	147.860.270,42	148.536.310,94
Transfer from postponed taxes		780
Transfer to postponed taxes		680
Income taxes (+)/(-)	6.12	67/77	-676.578,87	13.080.290,45
Income taxes		670/3	905.737,07	13.180.077,46
Adjustment of income taxes and write-back of tax provisions		77	1.582.315,94	99.787,01
Profit (loss) for the period (+)/(-)		9904	148.536.849,29	135.456.020,49
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Profit (loss) for the period available for appropriation (+)/(-)		9905	148.536.849,29	135.456.020,49

APPROPRIATION ACCOUNT

Profit (loss) to be appropriated (+)/(-)	9906
Gain (loss) to be appropriated (+)/(-)	(9905)	148.536.849,29
Profit (loss) to be carried forward (+)/(-)	14P	372.083.323,01
Transfers from capital and reserves	791/2
from capital and share premium account	791
from reserves	792	40.296.406,50
Transfers to capital and reserves	691/2
to capital and share premium account	691
to the legal reserve	6920
to other reserves	6921
Profit (loss) to be carried forward (+)/(-)	(14)
Owner's contribution in respect of losses	794
Profit to be distributed	694/7
Dividends	694	142.048.330,00
Director's or managers' entitlements	695
Workers	696
Other beneficiaries	697

Codes	Boekjaar	Vorig boekjaar
9906	520.620.172,30	511.064.876,07
(9905)	148.536.849,29	135.456.020,49
14P	372.083.323,01	375.608.855,58
791/2	40.296.406,50
791
792
691/2		8.481.541,36
691
6920
6921		8.481.541,36
(14)	418.868.248,80	372.083.323,01
794
694/7	142.048.330,00	130.500.011,70
694	142.048.330,00	130.500.011,70
695
696
697

STATEMENT OF INTANGIBLE FIXED ASSETS

	Codes	Period	Previous period
DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxxxx	127.268.078,54
Movements during the period
Acquisitions, including produced fixed assets	8021	20.728.519,05
Sales and disposals	8031
Transfers from one heading to another (+)/(-)	8041
Acquisition value at the end of the period	8051	147.996.597,59
Depreciation and amounts written down at the end of the period	8121P	xxxxxxxxxxxxxxx	78.264.621,05
Movements during the period
Recorded	8071	19.136.825,05
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
Transfers from one heading to another (+)/(-)	8111
Depreciation and amounts written down at the end of the period	8121	97.401.446,10
NET BOOK VALUE AT THE END OF THE PERIOD	81311	50.595.151,49

	Codes	Period	Previous period
CONCESSIONS, PATENTS, LICENCES, KNOWHOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	116.432.127,38
Movements during the period
Acquisitions, including produced fixed assets	8022	38.730.417,30
Sales and disposals	8032	3.920.372,09
Transfers from one heading to another (+)/(-)	8042
Acquisition value at the end of the period	8052	151.242.172,59
Depreciation and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	77.148.676,73
Movements during the period
Recorded	8072	8.587.213,01
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102	1.081.562,61
Transfers from one heading to another (+)/(-)	8112
Depreciation and amounts written down at the end of the period	8122	84.654.327,13
NET BOOK VALUE AT THE END OF THE PERIOD	211	66.587.845,46

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Previous period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxxxxx	329.048.000,74
Movements during the period
Acquisitions, including produced fixed assets	8161	3.173.127,42
Sales and disposals	8171	205.157,58
Transfers from one heading to another (+)/(-)	8181	2.832.326,04
Acquisition value at the end of the period	8191	334.848.296,62
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxxxxx	7.682.753,26
Movements during the period
Recorded	8211
Acquisitions from third parties	8221
Cancelled	8231
Transfers from one heading to another (+)/(-)	8241
Revaluation surpluses at the end of the period	8251	7.682.753,26
Depreciation and amounts written down at the end of the period	8321P	xxxxxxxxxxxxxxx	211.290.583,40
Movements during the period
Recorded	8271	14.233.671,61
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301	205.157,58
Transfers from one heading to another (+)/(-)	8311
Depreciation and amounts written down at the end of the period	8321	225.319.097,43
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	117.211.952,45

	Codes	Period	Previous period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxxxxx	703.640.940,78
Movements during the period
Acquisitions, including produced fixed assets	8162	16.086.703,04
Sales and disposals	8172	1.782.417,31
Transfers from one heading to another (+)/(-)	8182	24.036.516,03
Acquisition value at the end of the period	8192	741.981.742,54
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8212
Acquisitions from third parties	8222
Cancelled	8232
Transfers from one heading to another (+)/(-)	8242
Revaluation surpluses at the end of the period	8252
Depreciation and amounts written down at the end of the period	8322P	xxxxxxxxxxxxxxx	537.798.387,86
Movements during the period
Recorded	8272	33.270.718,52
Written back	8282
Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	838.884,99
Transfers from one heading to another (+)/(-)	8312
Depreciation and amounts written down at the end of the period	8322	570.230.221,39
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	171.751.521,15

	Codes	Period	Previous period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxxxxx	52.814.370,99
Movements during the period
Acquisitions, including produced fixed assets	8163	4.486.677,42
Sales and disposals	8173	3.650.108,64
Transfers from one heading to another (+)/(-)	8183	617.453,18
Acquisition value at the end of the period	8193	54.268.392,95
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another (+)/(-)	8243
Revaluation surpluses at the end of the period	8253
Depreciation and amounts written down at the end of the period	8323P	xxxxxxxxxxxxxxx	38.363.856,34
Movements during the period
Recorded	8273	6.523.111,69
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	3.547.105,29
Transfers from one heading to another (+)/(-)	8313
Depreciation and amounts written down at the end of the period	8323	41.339.862,74
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	12.928.530,21

	Codes	Period	Previous period
LEASING AND SIMILAR RIGHTS
Acquisition value at the end of the period	8194P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets	8164	3.300.000,00
Sales and disposals	8174
Transfers from one heading to another (+)/(-)	8184
Acquisition value at the end of the period	8194	3.300.000,00
Revaluation surpluses at the end of the period	8254P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8214
Acquisitions from third parties	8224
Cancelled	8234
Transfers from one heading to another (+)/(-)	8244
Revaluation surpluses at the end of the period	8254
Depreciation and amounts written down at the end of the period	8324P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8274	68.750,00
Written back	8284
Acquisitions from third parties	8294
Cancelled owing to sales and disposals	8304
Transfers from one heading to another (+)/(-)	8314
Depreciation and amounts written down at the end of the period	8324	68.750,00
NET BOOK VALUE AT THE END OF THE PERIOD	(25)	3.231.250,00
WHEREOF
Land and buildings	250	3.231.250,00
Plant, machinery and equipment	251
Furniture and vehicles	252

	Codes	Period	Previous period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxxxxx	12.564.964,33
Movements during the period
Acquisitions, including produced fixed assets	8165
Sales and disposals	8175
Transfers from one heading to another (+)/(-)	8185
Acquisition value at the end of the period	8195	12.564.964,33
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxxxx	601.049,73
Movements during the period
Recorded	8215
Acquisitions from third parties	8225
Cancelled	8235
Transfers from one heading to another (+)/(-)	8245
Revaluation surpluses at the end of the period	8255	601.049,73
Depreciation and amounts written down at the end of the period	8325P	xxxxxxxxxxxxxxx	12.828.287,29
Movements during the period
Recorded	8275	12.419,79
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305
Transfers from one heading to another (+)/(-)	8315
Depreciation and amounts written down at the end of the period	8325	12.840.707,08
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	325.306,98

	Codes	Period	Previous period
ASSETS UNDER CONSTRUCTION AND ADVANCED PAYMENTS
Acquisition value at the end of the period	8196P	xxxxxxxxxxxxxxx	47.902.747,92
Movements during the period
Acquisitions, including produced fixed assets	8166	39.563.061,73
Sales and disposals	8176	1.072,71
Transfers from one heading to another (+)/(-)	8186	-27.406.000,07
Acquisition value at the end of the period	8196	60.058.736,87
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8216
Acquisitions from third parties	8226
Cancelled	8236
Transfers from one heading to another (+)/(-)	8246
Revaluation surpluses at the end of the period	8256
Depreciation and amounts written down at the end of the period	8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8276
Written back	8286
Acquisitions from third parties	8296
Cancelled owing to sales and disposals	8306
Transfers from one heading to another (+)/(-)	8316
Depreciation and amounts written down at the end of the period	8326
NET BOOK VALUE AT THE END OF THE PERIOD	(27)	60.058.736,87

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Previous period
AFFILIATED ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxxxx	3.482.820.010,31
Movements during the period
Acquisitions, including produced fixed assets	8361	42.818.073,66
Sales and disposals	8371	31.511.650,51
Transfers from one heading to another (+)/(-)	8381
Acquisition value at the end of the period	8391	3.494.126.433,46
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8411
Acquisitions from third parties	8421
Cancelled	8431
Transfers from one heading to another (+)/(-)	8441
Revaluation surpluses at the end of the period	8451
Amounts written down at the end of the period	8521P	xxxxxxxxxxxxxxx	116.470.562,75
Movements during the period
Recorded	8471	44.706.232,28
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501	8.027.057,48
Transfers from one heading to another (+)/(-)	8511
Amounts written down at the end of the period	8521	153.149.737,55
Uncalled amounts at the end of the period	8551P	xxxxxxxxxxxxxxx	12.500,00
Movements during the period (+)/(-)	8541
Uncalled amounts at the end of the period	8551	12.500,00
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	3.340.964.195,91
AFFILIATED ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8581
Repayments	8591
Amounts written down	8601
Amounts written back	8611
Exchange differences (+)/(-)	8621
Other (+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD	(281)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8651

	Codes	Period	Vorig boekjaar
ENTERPRISES LINKED BY A PARTICIPATING INTEREST - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxxxx	1.633.062,40
Movements during the period
Acquisitions, including produced fixed assets	8362
Sales and disposals	8372	1.674,00
Transfers from one heading to another (+)/(-)	8382
Acquisition value at the end of the period	8392	1.631.388,40
Revaluation surpluses at the end of the period	8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8412
Acquisitions from third parties	8422
Cancelled	8432
Transfers from one heading to another (+)/(-)	8442
Revaluation surpluses at the end of the period	8452
Amounts written down at the end of the period	8522P	xxxxxxxxxxxxxxx	1.486.370,69
Movements during the period
Recorded	8472
Written back	8482
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502
Transfers from one heading to another (+)/(-)	8512
Amounts written down at the end of the period	8522	1.486.370,69
Uncalled amounts at the end of the period	8552P	xxxxxxxxxxxxxxx	16.252,52
Movements during the period (+)/(-)	8542
Uncalled amounts at the end of the period	8552	16.252,52
NET BOOK VALUE AT THE END OF THE PERIOD	(282)	128.765,19
ENTERPRISES LINKED BY A PARTICIPATING INTEREST - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	283P	xxxxxxxxxxxxxxx
Movements during the period
Additions	8582
Repayments	8592
Amounts written down	8602
Amounts written back	8612
Exchange differences (+)/(-)	8622
Other (+)/(-)	8632
NET BOOK VALUE AT THE END OF THE PERIOD	(283)
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8652

	Codes	Period	Previous period
OTHER ENTERPRISES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxxxxx	124.065.053,47
Movements during the period
Acquisitions, including produced fixed assets	8363	8.523.400,38
Sales and disposals	8373	51.106.869,68
Transfers from one heading to another (+)/(-)	8383
Acquisition value at the end of the period	8393	81.481.584,17
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8413
Acquisitions from third parties	8423
Cancelled	8433
Transfers from one heading to another (+)/(-)	8443
Revaluation surpluses at the end of the period	8453
Amounts written down at the end of the period	8523P	xxxxxxxxxxxxxxx	97.063.199,39
Movements during the period
Recorded	8473	1.948.779,00
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503	41.387.612,48
Transfers from one heading to another (+)/(-)	8513
Amounts written down at the end of the period	8523	57.624.365,91
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxxxxx	8.407,33
Movements during the period (+)/(-)	8543
Uncalled amounts at the end of the period	8553	8.407,33
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	23.848.810,93
OTHER ENTERPRISES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxxxxx	86.256,78
Movements during the period
Additions	8583
Repayments	8593
Amounts written down	8603
Amounts written back	8613
Exchange differences (+)/(-)	8623
Other (+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	86.256,78
ACCUMULATED AMOUNTS WRITTEN OFF ON AMOUNTS RECEIVABLE AT THE END OF THE PERIOD	8653

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

List of both enterprises in wich the enterprise holds a participating interest (recorded in the headings 280 and 282 of assets) and other enterprises in which the enterprise holds rights (recorded in the headings 284 and 51/53 of assets) in the amount of at least 10% of the capital issued.

NAME, full address of the REGISTERED		Shares held by					Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by		directly		subsi diaries	Primary	Mone	Capital and reserves	Net result
Belgian law, the COMPANY NUMBER	Nature	Number	%	%	financial tary statement unit		(+) of (-) (in units)
Umicore France FC Les Mercuriales tour du ponant r J Jaures 40 93176 BAGNOLET CEDEX France 10342965001	Shares	1.520.000	100,00	0,00	31/12/2015	EUR	30.916.210	-743.945
Umicore Financial Services PLC Rue du Marais / Broekstraat 31 1000 Brussel 1 Belgium 0428.179.081	Shares	3	0,00	100,00	31/12/2015	EUR	477.033.317	1.699.965
Umicore MS Lusitana FC Travessa do Padrao Freguessia de Perafita 4455524 Perafita(Concelho de Matosinhos) Portugal 505683155	Shares	3.501	1,72	98,28	31/12/2015	EUR	-49.525	-89.366
Umicore USA FC Zinc Plant Road 1800 37041- 1104 Claksvillle-Tennessee United States of America	Shares	483	100,00	0,00	31/12/2015	USD	218.000.065	-6.156.403
Umicore Building Products Scandinavia FC Lysbrohogen 5 8600 Silkeborg Denmark	Shares	1.499	99,93	0,07	31/12/2015	DKK	12.786.570	3.632.956
Umicore Building Products Polska FC nl Ludwiki 4 01-226 Warsaw Poland	Shares	3.500	100,00	0,00	31/12/2015	PLN	1.996.098	139.067
Umicore MS Taiwan FC Keelung Road Sec 2 -16F-2 189 Taipei Taiwan	Shares	500.000	100,00	0,00	31/12/2015	TWD	7.699.232	475.922
Umicore Korea Limited FC Chaam-Dong 410 330-200 Cheonan - Ciry Chungnam South Korea	Shares	5.250.000	100,00	0,00	31/12/2015	KRW	89.911.004.183	4.505.481.136
Umicore Australia FC Somerville Road 414 3012 Tottenham - Victoria Australia	Shares	10.000	100,00	0,00	31/12/2015	AUD	8.353.736	1.764.132

INFORMATION RELATING TO THE SHARE IN THE CAPITAL

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED		Shares held by					Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by		directly		subsi diaries	Primary	Capital and reserves Mone		Net result
Belgian law, the COMPANY NUMBER	Nature	Number	%	%	financial statement	tary unit	(+) of (-) (in units)
Umicore Holdings Philippines FC Sitio malinta Asinan Proper 1044 Subic - Zambales Philippines	Shares	1.536.562	99,99	0,01	31/12/2015	PHP	155.344.254	83.230
Umicore Building Products Iberica FC calle Juan Gris - Ed. Torres Cerda, 4 , box 6C 08014 Barcelona Spain	Shares	320.000	100,00	0,00	31/12/2015	EUR	472.131	100.270
Umicore Holding 1 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany	Shares	90.025.000	100,00	0,00	31/12/2015	EUR	277.872.849	-543.015
Umicore Holding 2 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany	Shares	10.025.000	100,00	0,00	31/12/2015	EUR	31.261.002	-68.018
Umicore International PLC Rue Bommel 5 4940 Bascharage Luxembourg	Shares	23.407.989	100,00	0,00	31/12/2015	EUR	2.764.010.152	137.051.222
Umicore Building Products CZ FC Pod Visöovkou 1661 , box 31 140 00 Prague 4 Czech Republic	Shares	100	100,00	0,00	31/12/2015	CZK	1.038.000	48.000
Umicore MS Australia PTY LTD FC St Kilda Road Towers-level 5 606 3004 Melbourne - Victoria Australia	Shares	2.000.100	100,00	0,00	31/12/2015	AUD	97.449	-31.685
Umicore Finance Norway FC Hoffsgate 10 3262 LARVIK Norway	Shares	12.242	100,00	0,00	31/12/2015	NOK	91.580.913	602.176
Umicore Specialty Materials Brugge PLC Kleine Pathoekeweg 82 8000 Brugge Belgium 0405.150.984	ordinary shares	21.499	99,99	0,01	31/12/2015	EUR	3.216.642	5.694.964

SHARE IN THE CAPITAL AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED		Shares held by			Information from the most recent period for which annual accounts are available
OFFICE and for the enterprise governed by		directly		subsi diaries	Primary			Mone	Capital and reserves	Net result
Belgian law, the COMPANY NUMBER	Nature	Number	%	%	financial statement	tary unit	(+) of (-) (in units)
Umicore Argentina FC Avenida Roque Sáenz Pena 651 8° piso Oficina 139, Buenos Aires Argentina	Shares	9.753.768	98,03	1,97	31/12/2015	ARS	102.219.775	-48.181.112
1.603.638 Industrias Electro Quimicas SA FC Avenida Elmer Faucett 1920 Callao 1 Peru	Shares	18.464.806	40,00	0,00	31/12/2015	PEN	121.022.000	2.613.000
UMICORE ELECTRO-OPTIC MATERIALS EUROPE PLC RUE DU MARAIS 31 1000 Brussel 1 Belgium	Shares	99	99,00	1,00	31/12/2015	EUR	57.634	-3.866
0631.891.355 VMZINC BENELUX & UK PLC RUE DU MARAIS 31 1000 Brussel 1 Belgium	Shares	1.625	99,94	0,06	31/12/2015	EUR	1.008.846	8.846
0631.891.256 UMICORE AUTOCAT CANADA CORP. FC MAINWAY DRIVE 4261 L7L5N9 BURLINGTON - ONTARIO Canada	Shares	176.700.00 1	100,00	0,00	31/12/2015	CAD	220.479.093	2.111.599

OTHER INVESTMENTS AND DEPOSIT, DEFFERED CHARGES AND ACCRUED INCOME (ASSETS)

	Codes	Period	Previous period
INVESTMENTS: OTHER INVESTMENTS AND DEPOSITS
Shares and current investments other than fixed income investments	51
Shares - Book value increased with the uncalled amount	8681
Shares - Uncalled amount	8682
Precious metals and works of art	8683
Fixed income securities	52
Fixed income securities issued by credit institutions	8684
Fixed term accounts with credit institutions	53	75.192.468,49	32.130.503,67
With residual term or notice of withdrawal
up to one month	8686	75.192.468,49	32.130.503,67
between one month and one year	8687
over one year	8688
Other investments not mentioned above	8689

DEFFERED CHARGES AND ACCRUED INCOME

Allocation of heading 490/1 of assets if the amount is significant.

.. GAINS ON MARKING TO MARKET OF CURRENCY COMMITMENSTS 9.221.414,54 PROFIT ON HEDGING FOR METALS 5.795.724,10

OTHER DEFERRED CHARGES 2.873.588,17

Period

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE

STATEMENT OF CAPITAL	Codes	Period	Previous period
Social capital
Issued capital at the end of the period	100P	XXXXXXXXXXXXXX	500.000.000,00
Issued capital at the end of the period	(100)	500.000.000,00
	Codes	Amounts	Number of shares
Changes during the period
Structure of the capital Different categories of shares
Ordinary Shares		500.000.000,00	112.000.000
Registered shares	8702	XXXXXXXXXXXXXX	21.294.861
Shares dematerialized	8703	XXXXXXXXXXXXXX	90.705.139

	Codes	Uncalled capital	Capital called, but not paid
Capital not paid
Uncalled capital	(101)		XXXXXXXXXXXXXX
Capital called, but not paid	8712	XXXXXXXXXXXXXX
Shareholders having yet to pay up in full

	Codes	Period
OWN SHARES
Held by the company itself
Amount of capital held	8721	11.933.705,36
Number of shares held	8722	2.673.150
Held by the subsidiaries
Amount of capital held	8731
Number of shares held	8732
Commitments to issue shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Owing to the exercise of subscription rights
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorized capital, not issued	8751	50.000.000,00

	Codes	Period
Shared issued, not representing capital
Distribution
Number of shares held	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidairies	8781

STRUCTURE OF SHAREHOLDINGS OF THE ENTERPRISE AT YEAR-END CLOSING DATE

as shown by the notifications received by the company in accordance with the Companies Code, Article 631 §2, final paragraph, and Article 632 §2, final paragraph; the act of 2 May 2007 on the disclosure of major holdings, Article 14, paragraph four; and the Royal Decree of 21 August 2008 comprising further rules on certain multilateral trading facilities, Article 5.

AREHOLDER BASE	(EUR thousand)
	% capital	Number of shares
BlackRock Investment Management	5.03%	5.638.752
APG Asset Management	3.00%	3.364.389
Family Trust Desmarais, Albert Frère and Groupe Bruxelles Lambert S.A.	15.00%	16.802.836
Others	74.57%	83.520.873
Own shares held by Umicore	2.39%	2.673.150
	100,00	112.000.000
	100,00	112.000.000

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

ANALYSIS OF THE HEADING 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT

SUNDRY LITIGATIONS AND SUNDRY RISKS 6.909.946,19 PREMIUM 25 & 35 YEARS SERVICE 2.150.051,54

Period

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (headings 17 and 42/48 of liabilities)
Amounts payable guaranteed by Belgian public authorities
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments received on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total amounts payable guaranteed by Belgian public authorities	9061
Amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments received on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real guarantees given or irrevocably promised by the enterprise on its own assets	9062

	Codes	Period
AMOUNTS PAYABLE FOR TAXES, REMUNERATION AND SOCIAL SECURITY
(headings 450/3 and 178/9 of the labilities) Taxes
Expired taxes payable	9072
Non expired taxes payable	9073	2.061.560,63
Estimated taxes payable	450
Remuneration and social security (headings 454/9 and 178/9 of the liabilities)
Amount due to the National Office of Social Security	9076
Other amounts payable relating to remuneration and social security	9077	43.329.172,60

ACCRUED CHARGES AND DEFERRED INCOME	Period
Allocation of heading 492/3 of liabilities if the amount is significant
OTHER ACCRUED CHARGES	11.134.401,47
TREATMENT CHARGES	27.451.227,74
DEFERRED INCOME	43.071.694,60
LOSSES CURRENCY	10.142.737,30

OPERATING RESULTS

	Codes	Period	Previous period
OPERATING INCOME
Net turnover
Broken down by categories of activity
Allocation into geographical markets
Other operating income
Operating subsidies and compensatory amounts received from public authorities	740	2.628.704,91	6.058.050,14
OPERATING COSTS
Employees for whom the company has submitted a DIMONA declaration or are recorded in the general personnel register
Total number at the closing date	9086	2.744	2.733
Gemiddeld personeelsbestand berekend in voltijdse equivalenten	9087	2.644,1	2.745,2
Number of actual worked hours	9088	4.601.866	4.810.513
Personnel costs
Remuneration and direct social benefits	620	150.134.965,42	157.138.140,95
Employers' social security contributions	621	52.292.924,69	56.601.915,93
Employers' premiums for extra statutory insurances	622	12.841.648,70	11.971.346,23
Other personnel costs	623	8.826.273,08	9.066.327,28
Old-age and widows' pensions	624	2.425.014,27	2.628.186,52

	Codes	Period	Previous period
Provisions for pensions
Additions (uses and write-back) (+)/(-)	635	7.340.673,01	-3.554.992,29
Amounts written off
Stocks and contracts in progress
Recorded	9110	558.494,93	12.423.611,26
Written back	9111	6.142.862,21	304.684,44
Trade debtors
Recorded	9112	142.356,74
Written back	9113		2.867,24
Provisions for risks and charges
Additions	9115	48.065.502,85	41.852.557,10
Uses and write-back	9116	45.918.919,58	40.961.349,64
Other operating charges
Taxes related to operation	640	5.107.169,62	6.462.362,71
Other charges	641/8	3.245.186,12	4.257.469,44
Hired temporary staff and persons placed at the enterprise's disposal
Total number at the closing date	9096	22	22
Average number calculated as full-time equivalents	9097	22,2	17,8
Number of actual worked hours	9098	43.960	34.284
Charges to the enterprise	617	1.501.879,37	1.221.519,44

FINANCIAL RESULTS

	Codes	Period	Previous period
RECURRING FINANCIAL INCOME
Other financial income
Subsidies granted by public authorities and recorded as income for the period
Capital subsidies	9125	2.522.155,65	2.105.936,90
Interest subsidies	9126
Allocation of other financial income
Exchange variances and differences		3.130.592,16	1.078.164,03
Sundry financial income		178.481,92	164.600,20
Financ.customers and int. for late payment		19.204,46	1.181,67
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501
Capitalized Interests	6503
Amounts written off current assets
Recorded	6510
Written back	6511	8.484,56	8.600,94
Other financial charges
Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable	653	610.192,15	1.312.272,59
Provisions of a financial nature
Appropriations	6560
Uses and write-backs	6561
Allocation of other financial charges
Exchange variances and differences		3.497.523,82	1.019.665,48
Sundry financial costs		1.849.679,58	553.259,54

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE

	Codes	Period	Previous period
NON-RECURRING INCOME	76	12.191.025,48	3.438.767,47
Non-recurring operating income	(76A)		322.489,15
Write-back of depreciation and of amounts written off intangible and tangible fixed assets	760		306.981,15
Write-back of provisions for extraordinary operating liabilities and charges	7620		15.508,00
Capital gains on disposal of intangible and tangible fixed asset	7630
Other non-recurring operating income	764/8
Non-recurring financial income	(76B)	12.191.025,48	3.116.278,32
Write-back of amounts written down financial fixed assets	761		3.116.278,32
Write-back of provisions for extraordinary financial liabilities and charges	7621
Capital gains on disposal of financial fixed assets	7631	12.191.024,48
Other non-recurring financial income	769	1,00
NON-RECURRING EXPENSES	66	86.940.461,75	30.585.184,73
Non-recurring operating charges	(66A)	34.624.821,18
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets	660
Provisions for extraordinary operating liabilities and charges: Appropriations (uses) (+)/(-)	6620
Capital losses on disposal of intangible and tangible fixed assets	6630	3.321,18
Other non-recurring operating charges	664/7	34.621.500,00
Non-recurring operating charges carried to assets as restructuring costs (-)	6690
Non-recurring financial charges	(66B)	52.315.640,57	30.585.184,73
Amounts written off financial fixed assets	661	46.655.011,28	30.585.184,73
Provisions for extraordinary financial liabilities and charges - Appropriations (uses) (+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631	5.660.629,29
Other non-recurring financial charges	668
Non-recurring financial charges carried to assets as restructuring costs (-)	6691

INCOME TAXES AND OTHER TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	905.737,07
Income taxes paid and withholding taxes due or paid	9135	905.737,07
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138
Additional income taxes due or paid	9139
Additional income taxes estimated or provided for	9140
In so far as taxes of the period are materially affected by differences between the profit before taxes as stated in annual accounts and the estimated taxable profit
TAXABLE PROVISIONS AND HIDDEN RESERVES		2.089.266,31
GAIN & LOSS ON FINANCIAL ASSETS		-12.191.024,48
NON DEDUCTIBLE ITEMS		40.829.158,28
ALREADY TAXED ITEMS		-227.744.514,20
WRITE-OFF ON FINANCIAL ASSETS		52.315.640,57
CAPITAL SUBSIDIES EXEMPT		-530.840,00
REVERSALS OF WRITE DOWNS ON SHARES
INVESTMENT DEDUCTIONS		-1.577.142,08

Impact of non recurring results on the amount of the income taxes relating to the current period

	Codes	Period
Status of deferred taxes
Deferred taxes representing assets	9141	115.429.884,16
Accumulated tax losses deductible from future taxable profits	9142
Other deferred taxes representing assets
TAXABLE PROVISIONS AND HIDDEN RESERVES		111.774.628,98
R&D TAX CREDIT		3.655.255,18
Passieve latenties	9144
Allocation of deferred taxes representing liabilities
TAXFREE RESERVES		150.153.867,35

Period

INCOME TAXES AND OTHER TAXES

	Codes	Period	Previous period
VALUE ADDED TAXES AND OTHER TAXES BORNE BY THIRD PARTIES
Value added taxes charged
To the enterprise (deductible)	9145	154.642.978,64	237.303.847,00
By the enterprise	9146	130.493.941,82	225.428.526,00
Amounts withheld on behalf of third party
For payroll withholding taxes	9147	34.760.788,48	38.108.071,00
For withholding taxes on investment income	9148	24.602.860,48	20.861.499,00

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE ENTERPRISE AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the enterprise	9150
Bills of exchange in circulation drawn or guaranteed by the enterprise	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the enterprise	9153
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of the enterprise
Mortgages
Book value of the immovable properties mortgaged	9161
Amount of registration	9171
Pledging of goodwill - Amount of the registration	9181
Pledging of other assets - Book value of other assets pledged	9191
Guarantees provided on future assets - Amount of assets involved	9201
Real guarantees provided or irrevocably promised by the enterprise on its own assets as security of debts and commitments of third parties
Mortgages
Book value of the immovable properties mortgaged	9162
Amount of registration	9172
Pledging of goodwill - Amount of the registration	9182
Pledging of other assets - Book value of other assets pledged	9192
Guarantees provided on future assets - Amount of assets involved	9202

	Codes	Period
GOODS AND VALUES, NOT DISCLOSED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT AT RISK TO AND FOR THE BENEFIT OF THE ENTERPRISE
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)	9213	96.677.743,00
Goods sold (to be delivered)	9214	179.090.078,00
Currencies purchased (to be received)	9215	1.333.105.559,00
Currencies sold (to be delivered)	9216	1.332.634.404,00

41/50

Nr.	0401.574.852	C 6.14

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS

Metals owned by parties for tolling	317.357.168,00
Lease-in metals	184.499.583,00
Metals owned by Umicore for tolling	121.133.430,00
Bankguarantees	29.290.686,00
Personal guarantees given	84.545.697,00

SUPPLEMENT RETIREMENTS OR SURVIVORS PENSION PLANS IN FLAVOUR OF THE PERSONNEL OR THE EXECUTIVES OF THE ENTERPRISE

Brief description

Measures taken by the enterprise to cover the resulting charges

	Code	Period
PENSIONS FUNDED BY THE ENTERPRISE
Estimated amount of the commitments resulting from past services	9220
Methods of estimation
		Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE NOT INCLUDED IN THE BALANCE SHEET OR THE INCOME STATEMENT
		Period
COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE

Period

Period Lease-out metals 139.724.916,00 NATURE AND COMMERCIAL OBJECTIVE OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET

Provided that the risks or advantages coming from these transactions are significant and if the disclosure of the risks or advantages is necessary to appreciate the financial situation of the company

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those which can not be quantified)

	Period

	Codes	Period	Previous period
AFFILIATED ENTERPRISES
Financial fixed assets	(280/1)	3.340.964.195,91	3.366.336.947,56
Participating interests	(280)	3.340.964.195,91	3.366.336.947,56
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	91.625.254,72	74.023.542,67
Over one year	9301	363.483,03	363.483,03
Within one year	9311	91.261.771,69	73.660.059,64
Current investments	9321	75.192.468,49	32.130.503,67
Shares	9331
Amounts receivable	9341	75.192.468,49	32.130.503,67
Amounts payable	9351	2.684.945.066,38	2.608.269.311,75
Over one year	9361	1.978.000.000,00	1.522.000.000,00
Within one year	9371	706.945.066,38	1.086.269.311,75
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or commitments of affiliated enterprises	9381
Provided or irrevocably promised by affiliated enterprises as security for debts or commitments of the enterprise	9391
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421	239.731.067,58	175.572.527,38
Income from current assets	9431	214.280,53	82.551,08
Other financial income	9441
Debt charges	9461	53.082.711,07	72.349.214,50
Other financial charges	9471
Disposal of fixed assets
Capital gains obtained	9481
Capital losses suffered	9491

RELATIONSHIPS WITH AFFILIATED ENTERPRISES, ASSOCIATED ENTERPRISES AND OTHERS ENTERPRISES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Previous period
ASSOCIATED ENTERPRISES
Financial fixed assets	9253
Participating interests	9263
Subordinated amounts receivable	9273
Other amounts receivable	9283
Amounts receivable	9293
Over one year	9303
Within one year	9313
Amounts payable	9353
Over one year	9363
Within one year	9373
Personal and real guarantees
Provided or irrevocably promised by the enterprise as security for debts or commitments of associated enterprises	9383
Provided or irrevocably promised by associated enterprises as security for debts or commitments of the enterprise	9393
Other significant financial commitments	9403
OTHER ENTERPRISES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252	128.765,19	130.439,19
Participating interests	9262	128.765,19	130.439,19
Subordinated amounts receivable	9272
Other amounts receivable	9282
Amounts receivable	9292
Over one year	9302
Within one year	9312
Amounts payable	9352
Over one year	9362
Within one year	9372

TRANSACTIONS WITH ENTERPRISES LINKED BY PARTICIPATING INTERESTS OUT OF MARKET CONDITIONS

Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions which should be necessary to get a better understanding of the situation of the company

Period

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS, MANAGERS, INDIVIDUALS OR BODIES CORPORATE WHO CONTROL THE ENTERPRISE WITHOUT BEING ASSOCIATED THEREWITH OR OTHER ENTERPRISES CONTROLLED BY THESE PERSONS
Amounts receivable from these persons	9500
Conditions on amounts receivable, rate, duration, possibly reimbursed amounts, canceled amounts or renounced amounts
Guarantees provided in their favour	9501
Other significant commitments undertaken in their favour	9502
Amount of direct and indirect remunerations and pensions, included in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503
To former directors and former managers	9504

	Codes	Period
AUDITORS OR PEOPLE THEY ARE LINKED TO
Auditor's fees	9505	493.994,00
Fees for exceptional services or special missions executed in the company by the auditor
Other attestation missions	95061	395.809,00
Tax consultancy	95062
Other missions external to the audit	95063	54.653,00
Fees for exceptional services or special missions executed in the company by people they are linked to
Other attestation missions	95081
Tax consultancy	95082	97.976,00
Other missions external to the audit	95083	726.290,00

Mentions related to article 133, paragraph 6 from the Companies Code

INFORMATION RELATING TO CONSOLIDATED ACCOUNTS

INFORMATION TO DISCLOSE BY EACH ENTERPRISE THAT IS SUBJECT TO COMPANY LAW ON THE CONSOLIDATED ACCOUNTS OF ENTERPRISES

The enterprise has drawn up published a consolidated annual statement of accounts and a management report*

The enterprise has not published a consolidated annual statement of accounts and a management report, since it is exempt for this obligation for the following reason*

The enterprise and its subsidiaries on consolidated basis exceed not more than one of limits mentioned in art. 16 of Company Law*

The enterprise only has subsidiaries which, considering the assessment of the consolidated assets, consolidated financial position or consolidated results, individual or together, are of a negligible size* (Art. 110 of Company Law)

The enterprise itself is a subsidiary of an enterprise which does prepare and publish consolidated accounts in which annual accounts of the enterprise are included*

If yes, justification of the compliance with all conditions for exemption set out in art. 113 par. 2 and 3 of Company Law:

Name, full address of registered office and, for an enterprise governed by Belgian Law, the V. A. T. or national number of the parent company preparing and publishing the consolidated accounts required

Name, full address of the registered office and, for an enterprise governed by Belgian Law, the company number of the parent company(ies) and the specification whether the parent company(ies) prepare(s) and publish(es) consolidated annual accounts in which the annual accounts of the enterprise are included**

If the parent company(ies) is (are) (an) enterprise(s) governed by foreign law disclose where the consolidated accounts can be obtained**

^* Delete where no appropriate.

^** Where the accounts of the enterprise are consolidated at different levels, the information should be given for the consolidated aggregate at the highest level on the one hand and the lowest level on the other hand of which the enterprise is a subsidiary and for which consolidated accounts are prepared and published.

SOCIAL BALANCE SHEET

Number of joint industrial committee:

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE ENTERPRISE SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the current period	Codes Total		1. Men	2. Women
Average number of employees
Full-time	1001	2.360,4	2.111,8	248,6
Part-time	1002	369,6	219,4	150,2
Total in full-time equivalents	1003	2.644,1	2.281,3	362,8
Number of hours actually worked
Full-time	1011	4.111.755	3.643.649	468.106
Part-time	1012	490.111	272.120	217.991
Total	1013	4.601.866	3.915.769	686.097
Personnel costs
Full-time	1021	203.075.068,53	179.990.422,56	23.084.645,97
Part-time	1022	21.020.743,36	11.855.856,60	9.164.886,76
Total	1023	224.095.811,89	191.846.279,16	32.249.532,73
Advantages in addition to wages	1033

During the preceding period	Codes	P. Total	1P. Men	2P. Women
Average number of employees in FTE Number of hours actually worked Personnel costs Advantages in addition to wages	1003 1013 1023 1033	2.745,2 4.810.513 234.777.730,39	2.363,5 4.086.641 201.578.653,84	381,7 723.872 33.199.076,55

	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
At the closing date of the period
Number of employees	105	2.384	360	2.660,7
By nature of the employment contract
Contract for an indefinite period	110	2.313	360	2.589,7
Contract for a definite period	111	71		71,0
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	2.132	215	2.298,8
primary education	1200	442	68	494,2
secondary education	1201	1.094	111	1.180,5
higher non-university education	1202	270	27	291,0
university education	1203	326	9	333,1
Women	121	252	145	361,9
primary education	1210	7	7	12,2
secondary education	1211	41	29	63,0
higher non-university education	1212	106	79	164,9
university education	1213	98	30	121,8
By professional category
Management staff	130	390	23	408,4
Employees	134	729	191	874,5
Workers	132	1.265	146	1.377,8
Others	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE ENTERPRISE'S DISPOSAL

During the period	Codes	1. Hired temporary staff	2. Persons placed at the enterprise's disposal
Average number of persons employed	150	22,2
Number of hours actually worked	151	43.960
Costs for the enterprise	152	1.501.879,37

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees for whom the entreprise submitted a DIMONA declaration or who have been recorded in the general personnel register during the financial year	205	174	1	174,9
By nature of employment contract
Contract for an indefinite period	210	167		167,0
Contract for a definite period	211	7	1	7,9
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total full-time equivalents
Number of employees whose contract-termination date has been entered in DIMONA declaration or in the general personnel register during the financial year	305	139	25	157,8
By nature of employment contract
Contract for an indefinite period	310	135	25	153,8
Contract for a definite period	311	4		4,0
Contract for the execution of a specifically assigned work	312
Replacement contract	313
By reason of termination of contract
Retirement	340	18	7	23,0
Unemployment with extra allowance from enterprise	341	26	11	34,5
Dismissal	342	36	3	38,1
Other reason	343	59	4	62,2
Of which the number of persons who continue to render services to the enterprise at least half-time on a self-employed basis	350

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Total of initiatives of formal professional training at the expense of the employer	Codes	Men	Codes	Women
Number of employees involved	5801	2.132	5811	345
Number of actual training hours	5802	37.018	5812	6.264
Net costs for the enterprise	5803	4.053.804,39	5813	858.242,72
of which gross costs directly linked to training	58031	4.078.736,69	58131	862.326,38
of which fees paid and paiments to collective funds	58032	117.976,25	58132	19.041,79
of which grants and other financial advantages received (to deduct)	58033	142.908,55	58133	23.125,45
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821	1.413	5831	391
Number of actual training hours	5822	80.591	5832	11.658
Net costs for the enterprise	5823	3.921.833,33	5833	713.932,54
Total of initiatives of initial professional training at the expense of the employer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852
Net costs for the enterprise	5843		5853