EFTA01457564.pdf

11 May 2016 Pharmaceuticals GlaxoSmithKline Figure. 15: Balance sheet forecasts if:in) GE:Pm FYI4A FYI5E ro 57 1,Y I 7F Prior VY ref' ^ I %OE Tangible fixed assets 9,052 10,026 10,000 9.974 9,948 9922 9.896 Goodwill 3.724 3.724 3,724 3.724 1724 3.724 3.724 Other Intangibles 8,320 8954 8,226 7.642 7,099 6.595 6,127 JVs & associates 340 340 340 340 340 340 340 Other investments 1.114 1.114 1,114 1.114 1,114 1,114 1.114 Deferred tax assets 2.688 2.688 2,688 2.688 2.688 2.688 2.688 Other nee-current assets 735 735 /35 735 735 735 735 Total Noncurrent Antis 25,979 27.481 26,826 28,218 25,648 25.118 24.624 Inventories 4.231 4.316 4,509 4.678 4,827 4.924 5.100 Receivables 4,600 4.738 4,879 5.002 5,108 5,176 5,324 Equity investments 215 215 215 215 215 215 215 Cash & equivalents 4.338 4.338 4,338 4.338 4,338 4,339 4,338 Assets for resale 1,156 1.156 1.156 1,156 1,156 1.156 1.156 Current tax recoverable 138 138 138 138 138 138 138 Total Current Assets 14,878 14,901 15.235 15,527 15,782 15,947 16,270 TOTAL ASSETS 40,661 42.382 42.002 41.743 41.430 41,008 40,094 Borrowings 2.943 2,943 2,943 2.943 2,943 2.943 2.943 Payables 8.362 8.696 9.183 9.615 9.997 10.248 10.686 Tax payable 945 945 945 945 945 945 945 Provisions 1.045 1.055 1,066 1.077 1.087 1.098 1.109 TOW CIIIIIIIIlt WNW. 13,295 13.040 14.197 14.579 14072 15,235 15,004 Borrowings 15.841 12.233 12,120 11.252 17,404 15.694 14.107 Tax provision 445 445 445 445 445 445 445 Pensions 3.179 1211 3,243 3.275 3.308 3.341 3.375 Other provisions 545 545 545 545 545 545 545 Other non-current liabilities 2,410 2.410 2.410 2.410 2.410 2.410 2.410 Total Non-arena DOSS 22.420 18.844 18.709 17.927 24,112 22.835 20.882 Total &pity 4930 9,898 9,101 9.237 2.340 3198 4.329 TOTAL DASH/TIES & BOUM 40.051 42.382 42.002 41.743 41,430 41,006 40,884 SPIT, Detadt0 (WA nwracet, era." , [SW Page 12 Deutsche Bank AG/London CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0117162 CONFIDENTIAL SDNY_GM_00263346 EFTA01457564