LEGRAND / 2018 Registration document

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MANAGEMENT REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2018

SUMMARY OF CRITICAL ACCOUNTING POLICIES

5.11 –

SUMMARY OF CRITICAL ACCOUNTING POLICIES

The accounting policies described below are those the Company considers critical in preparing its consolidated financial statements: W intangible assets;

These policies include significant estimates made by management using information available at the time the estimates are made. A more detailed description of the main accounting policies used by the Company in preparing its consolidated financial statements is included in notes to the consolidated financial statements referred to in chapter 8 of this Registration Document, and in particular in note 1.2.3.

W fair value of financial instruments; W accounting for stock option plans;

W employee benefits; W deferred taxes; and W use of estimates.

5.12 –

NEW IFRS PRONOUNCEMENTS

Main standards and interpretations published by the IASB with mandatory application were as follows: W IFRS 9 – Financial Instruments; W IFRS 15 – Revenue from Contracts with Customers. Main standards and interpretations published by the IASB with mandatory application on future periods are as follows: W IFRS 16 – Leases; W IFRIC 23 – Uncertainty over income tax treatments.

Summaries of these publications and their possible consequences as regards the financial information provided by the Group are presented in note 1.2.1.3 to the consolidated financial statements referred to in chapter 8 of this registration document.

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LEGRAND

REGISTRATION DOCUMENT 2018

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