6. AUDITED ANNUAL ACCOUNTS

CONSOLIDATED PROFIT-AND-LOSS ACCOUNT FOR THE FINANCIAL YEAR

NET SALES	1,799,481	1,707,033
INCOME (EXPENSES)	2017	2016
Purchase of materials, trade goods and services	(664,194)	(587,008)
Personnel costs	(469,224)	(438,601)
Depreciation	(114,208)	(111,480)
Work carried out by the Group for noncurrent assets	21,676	20,957
Other operating expenses and income	(454,293)	(488,986)
OPERATING RESULT	119,238	101,915
FINANCIAL RESULTS	(2,360)	(8,941)
Result from companies consolidated by equity method	(32)	2
Profit (loss) due to loss of significant influence	-	52,677
CONSOLIDATED RESULT BEFORE TAXES	116,846	145,653
Income tax expense	(33,662)	(18,217)
CONSOLIDATED RESULT FOR THE YEAR	83,184	127,436
Net profit attributable to the parent company	82,941	126,702
Net profit attributable to noncontrolling interests	243	734

The consolidated annual accounts for the years ending 31 December 2017 and 2016 have been prepared in accordance with International Financial Reporting Standards adopted by the European Union (EU-IFRS).

CONSOLIDATED BALANCE SHEET AT 31 DECEMBER

NONCURRENT ASSETS
ASSETS	2017	2016
Goodwill	254,301	276,636
Other intangible assets	133,544	151,532
Property, plant and equipment	784,939	812,228
Property investment	16,039	13,773
Investments in associates	3,012	536
Noncurrent financial assets	11,835	14,175
Other noncurrent assets	2,282	2,805
Deferred income tax assets	111,978	118,854
TOTAL NONCURRENT ASSETS	1,317,930	1,390,539
CURRENT ASSETS
Inventories	412,151	391,840
Trade accounts receivable and other debtors	336,437	328,571
Other current financial assets	51,473	40,226
Income tax prepayments	10,767	4,291
Other current assets	27,400	36,448
Cash and cash equivalents	83,552	102,391
TOTAL CURRENT ASSETS	921,780	903,767
TOTAL ASSETS	2,239,710	2,294,306

TOTAL EQUITY
LIABILITIES	2017	2016
Share capital	153,034	155,530
Share premium	409,564	409,564
Reserves	825,669	739,619
Net profit attributable to the parent company	82,941	126,702
Prepaid dividend	(22,800)	(16,284)
Foreign currency translation differences	(179,526)	(74,876)
EQUITY ATTRIBUTABLE TO THE PARENT COMPANY	1,268,882	1,340,255
Noncontrolling interests	7,149	12,651
TOTAL EQUITY	1,276,031	1,352,906
NONCURRENT LIABILITIES
Capital grants	3,945	4,161
Provisions	27,522	27,097
Noncurrent bank financial liabilities	302,824	283,459
Other noncurrent financial liabilities	10,571	12,079
Deferred tax liabilities	40,333	39,440
TOTAL NONCURRENT LIABILITIES	385,195	366,236
CURRENT LIABILITIES
Provisions	13,809	15,224
Current bank financial liabilities	144,365	171,410
Other current financial liabilities	19,964	21,211
Trade accounts payable and other creditors	363,617	330,451
Income tax payable	5,056	6,425
Other current liabilities	31,673	30,443
TOTAL CURRENT LIABILITIES	578,484	575,164
TOTAL LIABILITIES AND EQUITY	2,239,710	2,294,306

GROUP COMPANIES

	LOCATION COMPANY	COMPANY
Germany	Staudt	Roca GmbH
Argentina	Buenos Aires	Roca Argentina
Australia	Sidney	Roca Bathroom Products Australia Pty Ltd
	Botany	Bathroom Products Australia Pty Ltd.
Austria	Wilhelmsburg	Laufen Austria AG
Brasil	Campo Largo	Incepa Revestimentos Cerâmicos Ltda.
	Jundiaí	Roca Sanitários Brasil Ltda.
Bulgaria	Kaspichan	Roca Bulgaria AD
China	Foshan	Roca (China), Co. Ltd.
	Foshan	Xinle Bathroom Products (Foshan), Co. Ltd.
	Foshan	Cosmic Bathroom Accessories, Co. Ltd.
	Shanghái	Roca Sanitaryware Trading, Co. Ltd.
	Suzhou	Roca Sanitaryware (Suzhou), Co. Ltd.
	Tangshan	Tangshan Ying Bathroom Products, Co. Ltd.
Croatia	Zapresic	Inker, Industrija Keramike i Porculana D.D.
Denmark	Köge	Laufen Nordic ApS
Egypt	6th of October City	National Industrial & Trading Co “Gravena” S.A.E.
	6th of October City>	National Sanitaryware Company S.A.E.
	6th of October City	Sphinx for Sanitary Ware Production S.A.E.
	Dokki (Giza)	Gravena Import Co.
United Arab Emirates	Dubai	Roca Sanitario, S.A. (R.O.)
Slovakia	Bratislava	Laufen SK s.r.o.
Spain	Barcelona	Roca Corporación Empresarial, S.A.
	Barcelona	Roca Sanitario, S.A.
	Barcelona	Industrias Cosmic S.A.
	Madrid	Laufen Bathrooms, S.A.
	Burgos	Cerámicas Gala, S.A.
	Castellón	Cerámicas Belcaire, S.A.
	Sevilla	Cerámicas de Bellavista, S.A.
USA	Miami	Roca USA Inc.
Russian Federation	Cheboksary	Keramika OOO
	Davidovo	Aquaton Rus OOO
	Kaluga	Ugrakeram ZAO
	Tosno	Roca Rus OOO
France	Paris	Roca S.A.R.L.
Greece	Athens	Roca Hellas, A.E.E.
Netherlands	Eindhoven	Laufen Benelux B.V.
Hong Kong	Hong Kong	Roca Asia Ltd.
	Hong Kong	Roca Sanitaryware Ltd.
India	Chennai	Roca Bathroom Products Pvt Ltd.
Indonesia	Jakarta	PT. Roca Trading Indonesia
	Jakarta	PT. Roca Industries Indonesia
Italy	Milan	Roca Sanitario, S.A. (E.P.)
Kazakhstan	Almaty	Roca Kazakhstan LLP
Malaysia	Selangor Darul Ehsan	Roca Malaysia Sdn Bhd
	Selangor Darul Ehsan	Johnson Suisse Sdn Bhd
	Selangor Darul Ehsan	Econax Sdn Bhd
Morocco	Settat	Roca Maroc, S.A.
Mexico	Monterrey	Productos de Baño Monterrey, S.A.de C.V.
	San Pedro Garza García	Roca Bathroom Products México, S.A. de C.V.
Norway	Drammen	Laufen Norge AS
Poland	Gryfice	Roca Pool-Spa, Sp. z.o.o.
	Gliwice	Roca Polska, Sp. z.o.o.
Portugal	Agueda	BLB – Indústrias Metalúrgicas, S.A.
	Anadia	Sanitana, S.A.
	Cantanhede	Roca Torneiras, Lda.
	Leiria	Roca, S.A.
United Kingdom	Birmingham	Roca, Ltd.
	Worcestershire	Laufen Ltd.
Czech Republic	Prague	Laufen CZ, s.r.o.
Romania	Bucharest	Roca Obiecte Sanitare SRL.
Singapore	Singapore	Roca Bathroom Products Singapore Pte Ltd
Sweden	Sundsvall	Laufen Sverige AB
Switzerland	Laufen	Keramik Holding AG
	Laufen	Keramik Laufen AG
	Laufen	Laufen Bathrooms AG
	Laufen	Roca Finance AG
	Laufen	Similor AG
Thailand	Bangkok	Roca Bathroom Products (Thailand) Co Ltd
Taiwán	Changhua	Roca Taiwan Co Ltd
Turkey	Eskishehir	Roca TR Banyo A.S.