Issuer Filing Information Santander Consumer Finance, S.A
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Issuer Filing Information Santander Consumer Finance, S.A. ISSUER FILING INFORMATION Type of Information: Issuer Filing Information Date of Announcement: 31 March 2017 Issuer Name: Santander Consumer Finance, S.A. (the "Issuer") Name and Title of Representative: Mr. Álvaro Soler Severino Head of Treasury Address of Head Office: Ciudad Grupo Santander, Avda. de Cantabria s/n, 28660 Boadilla del Monte, Madrid, Spain Telephone: +34 91 289 32 79 Contact Person: Attorney-in-Fact: Hiroto Ando, Attorney-at-law Aina Ono, Attorney-at-law Anderson Mori & Tomotsune Address: Akasaka K-Tower 2-7, Motoakasaka 1-chome Minato-ku, Tokyo Telephone: +81-3-6888-1000 Matters related to Financial Instruments Exchange Not Applicable Market, etc.: Address of Website for Announcement: http://www.jpx.co.jp/english/equities/products/tpbm/anno uncement/index.html Notes to Investors: 1. The TOKYO PRO-BOND Market is a market for professional investors, etc. (Tokutei Toushika tou) as defined in Article 2, Paragraph 3, Item 2(b)(2) of the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948, as amended, the "FIEA") (the "Professional Investors, Etc."). Notes listed on the market ("Listed Notes") may involve high investment risk. Investors should be aware of the listing eligibility and timely disclosure requirements that apply to issuers of Listed Notes on the TOKYO PRO-BOND Market and associated risks such as the fluctuation of market prices and shall bear responsibility for their investments. Prospective investors should make investment decisions after having carefully considered the contents of this Issuer Filing Information. 2. Where this Issuer Filing Information (a) contains any false statement on important matters, or (b) lacks information on: (i) important matters that should be announced or (ii) a material fact that is necessary to avoid misleading content, a person who, at the time of announcement of this Issuer Filing Information, is an officer (meaning an officer stipulated in Article 21, Paragraph 1 of the FIEA (meaning a director (torishimari-yaku), accounting advisor (kaikei-sanyo), corporate auditor (kansa-yaku) or executive officer (shikkou-yaku), or a person equivalent to any of these) (each an "Officer") of the Issuer) that announced this Issuer Filing Information shall be liable to compensate persons who acquired the securities for any damage or loss arising from the false statement or lack of information in accordance with the provision of Article 22 of the FIEA applied mutatis mutandis in Article 27-34 of the FIEA. However, this shall not apply to cases where the person who acquired the securities was aware of the existence of the false statement or the lack of information at the time of subscription for acquisition of the securities. Additionally, such Officer shall not be required to assume the liability prescribed above, where he/she proves that he/she was not aware of, and was unable to obtain knowledge of, even with due care, the existence of the false statement or the lack of information. 3. The regulatory framework for the TOKYO PRO-BOND Market is different in fundamental aspects from the general regulatory framework applicable to other exchange markets in Japan. Investors should be aware of the rules and regulations of the TOKYO PRO-BOND Market, which are available on Japan Exchange Group, Inc. i website. 4. Tokyo Stock Exchange, Inc. does not express opinions or issue guarantees, etc. regarding the content of this Issuer Filing Information (including but not limited to, whether this Issuer Filing Information (a) contains a false statement or (b) lacks information on: (i) important matters that should be announced or (ii) a material fact that is necessary to avoid misleading content) and shall not be liable for any damage or loss. 5. All prospective investors who consider purchasing the notes of the Issuer issued or to be issued under the Program Information dated 27 September 2016 (as amended and/or supplemented) (the "Notes") should read the relevant Specified Securities Information before making an investment decision. Among other things, all prospective investors should be aware that the Notes are subject to certain selling restriction as set forth in the relevant Specified Securities Information. ii Santander Consumer Finance, S.A. and Subsidiaries composing the Santander Consumer Finance Group (Consolidated) Consolidated Financial Statements and Consolidated Directors’ Report for the year ended 31 December 2016 Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 1 and 50). In the event of a discrepancy, the Spanish-language version prevails. Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 1 and 50). In the event of a discrepancy, the Spanish-language version prevails. SANTANDER CONSUMER FINANCE, S.A. AND SUBSIDIARIES COMPOSING THE SANTANDER CONSUMER FINANCE GROUP CONSOLIDATED BALANCE SHEETS AS AT 31 DECEMBER 2016 AND 2015 (Thousands of Euros) ASSETS Note 2016 2015 (*) CASH, CASH BALANCES AT CENTRAL BANKS AND OTHERS DEPOSITS ON DEMAND 2 4,837,901 5,834,622 FINANCIAL ASSETS HELD FOR TRADING: 9 56,035 125,807 Trading derivatives 56,035 125,807 FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS - - FINANCIAL ASSETS AVAILABLE FOR SALE: 3,170,929 3,184,995 Equity instruments 8 12,366 30,595 Debt instruments 7 3,158,563 3,154,400 LOANS AND RECEIVABLES: 82,677,048 71,718,336 Debt instruments 7 103,299 2,023 Loans and advances 82,573,749 71,716,313 Central Banks 10,200 15,051 Credit institutions 6 580,381 1,144,914 Customers 10 81,983,168 70,556,348 INVESTMENTS HELD-TO-MATURITY - - HEDGING DERIVATIVES 11 122,492 244,372 CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE RISK 11 117,973 218,431 INVESTMENTS: 13 538,019 545,539 Jointly controlled entities 120,050 113,936 Associates 417,969 431,603 INSURANCE CONTRACTS LINKED TO PENSIONS - - TANGIBLE ASSETS: 14 333,691 322,885 Property, plant and equipment- 333,691 322,885 For own use 180,114 165,970 Leased out under an operating lease 153,577 156,915 Investment property - - Memorandum items: Acquired in finance lease 50,321 51,485 INTANGIBLE ASSETS: 15 2,171,345 2,252,924 Goodwill 1,889,262 1,898,353 Other intangible assets 282,083 354,571 TAX ASSETS: 22 909,175 1,077,547 Current 227,567 296,860 Deferred 681,608 780,687 OTHER ASSETS: 16 1,296,950 888,652 Inventories 96,139 73,758 Other 1,200,811 814,894 NON-CURRENT ASSETS HELD FOR SALE 12 9,943 14,606 TOTAL ASSETS 96,241,501 86,428,716 (*) Presented for comparison purposes only. The accompanying Notes 1 to 47 and Appendices I to VI are an integral part of the consolidated balance sheet as at 31 December 2016. 1 SANTANDER CONSUMER FINANCE, S.A. AND SUBSIDIARIES COMPOSING THE SANTANDER CONSUMER FINANCE GROUP CONSOLIDATED BALANCE SHEETS AS AT 31 DECEMBER 2016 AND 2015 (Thousands of Euros) LIABILITIES Note 2016 2015 (*) FINANCIAL LIABILITIES HELD FOR TRADING: 53.277 122.761 Derivatives 9 53.277 122.761 FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS - - FINANCIAL LIABILITIES AT AMORTISED COST: 82.665.341 73.883.687 Deposits 53.458.916 47.914.528 Central banks 17 10.001.944 6.441.083 Credit institutions 17 10.199.494 10.436.834 Customers 18 33.257.478 31.036.611 Marketable debt securities 19 27.865.655 25.328.954 Other financial liabilities 20 1.340.770 640.205 Memorandum items: subordinated liabilities 17 866.346 1.025.375 HEDGING DERIVATIVES 11 248.041 313.550 CHANGES IN THE FAIR VALUE OF HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST 11 - - LIABILITIES UNDER INSURANCE CONTRACTS - - PROVISIONS: 21 760.083 730.820 Pensions and other employement defined benefit obligations 508.851 484.851 Other long term employee benefits 70.549 73.277 Taxes and other legal contingencies 50.715 38.184 Commitments and guarantees given 5.053 7.547 Other provisions 124.915 126.961 TAX LIABILITIES: 22 740.468 723.308 Current 207.541 200.720 Deferred 532.927 522.588 OTHER LIABILITIES 16 1.377.004 1.202.245 LIABILITIES ASSOCIATED WITH NON-CURRENT ASSETS HELD FOR SALE - - TOTAL LIABILITIES 85.844.214 76.976.371 SHAREHOLDERS' EQUITY: 9.398.682 8.885.322 Capital 23 5.638.639 5.638.639 Called up paid capital 5.638.639 5.638.639 Share Premium- 24 1.139.990 1.139.990 Equity instruments issued other than capital - - Other equity instruments - - Accumulated retained earnings 25 1.887.666 1.168.480 Other reserves: 25 218.443 158.477 Reserves or accumulated losses of investments in joint ventures and associated 258.345 198.380 Other reserves (39.902) (39.903) (-) Own shares - - Profit attributable to shareholders of the parent 1.055.253 1.059.788 (-) Dividens 3 (541.309) (280.052) OTHER COMPREHENSIVE INCOME (325.557) (304.436) ITEMS NOT RECLASSIFIED TO PROFIT OR LOSS (133.544) (126.785) Actuarial gains or losses on defined benefit pension plans 26 (133.574) (126.785) Other recognised income and expense of investments in subsidaries, joint ventures and associates 30 - ITEMS THAT MAY BE RECLASSIFIED TO PROFIT OR LOSS (192.013) (177.651) Hedge of net investments in foreign operations (effective portion) 26 (30.632) 21.893 Exchange differences 26 (146.420) (222.687) Hedging derivatives. Cash flow hedges (effective portion) 26 (7.539) (2.005) Financial assets available-for-sale 26 2.374 18.270 Debt instruments 2.019 471 Equity instruments 355 17.799 Other recognised income and expense of investments in subsidaries, joint ventures and associates (9.796) 6.878 NON-CONTROLLING INTEREST 27 1.324.162 871.459 Other comprehensive income 1.609 (1.053) Others items 1.322.553 872.512 TOTAL EQUITY 10.397.287 9.452.345 TOTAL LIABILITIES AND EQUITY 96.241.501 86.428.716 Memorandum items CONTINGENT LIABILITIES 28 832.951 658.933 CONTINGENT COMMITMENTS 28 21.184.195 20.456.587 (*) Presented for comparison purposes only.