LEGRAND / 2018 Registration document

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CONSOLIDATED FINANCIAL INFORMATION CONCERNING THE GROUP’S ASSETS, LIABILITIES, FINANCIAL POSITION AND RESULTS

CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH IFRS FOR THE YEARS ENDED DECEMBER 31, 2018 AND DECEMBER 31, 2017

8.1.7 – Notes to the consolidated financial statements

NOTE 1 – BASIS OF PREPARATION OF THE

NOTE 4 – DETAILS ON NON-CURRENT AND CURRENT LIABILITIES

CONSOLIDATED FINANCIAL STATEMENTS

258 258 258 262 264 264 266 266 267 268 268 270 273 275 275 276 276

277 277 279 285 286 287 291 293 294

1.1 1.2 1.3

General information Accounting policies Scope of consolidation

4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8

Share capital and earnings per share

Stock option plans and performance share plans Retained earnings and translation reserves

Provisions

NOTE 2 – RESULTS FOR THE YEAR

Provision for post-employment benefits and other long-term employee benefits Long-term and short-term borrowings

2.1 2.2 2.3 2.4

Segment information

Net sales

Operating expenses Income tax expense

Deferred taxes

Other current liabilities

NOTE 3 – DETAILS ON NON-CURRENT AND CURRENT ASSETS

NOTE 5 – OTHER INFORMATION

295

3.1 3.2 3.3 3.4 3.5 3.6 3.7

Intangible assets

5.1

Financial instruments and management of financial risks

Goodwill

295 300

Property, plant and equipment

5.2 5.3

Related-party information

Inventories

Off-balance sheet commitments and contingent liabilities

300 301 301

Trade receivables Other current assets

5.4 5.5

Statutory auditors’ fees

Subsequent events

Cash and cash equivalents

R NOTE 1 – BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS

1.1 GENERAL INFORMATION Legrand (“the Company”) along with its subsidiaries (together “Legrand” or “the Group”) is the global specialist in electrical and digital building infrastructures. The Group has manufacturing and/or distribution subsidiaries and offices in more than 90 countries and sells its products in over 175 countries. The Company is a French société anonyme incorporated and domiciled in France. Its registered office is located at 128, avenue du Maréchal de Lattre de Tassigny – 87000 Limoges (France). The 2017 Registration Document was filed with the AMF (French Financial Markets Authority) on April 6, 2018 under no. D. 18-0292. The consolidated financial statements were approved by the Board of Directors on February 13, 2019.

All amounts are presented in millions of euros unless otherwise specified. Some totals may include rounding differences.

1.2 ACCOUNTING POLICIES As a company incorporated in France, Legrand is governed by French company laws, including the provisions of the Code de commerce (French Commercial Code). The consolidated financial statements cover the 12 months ended December 31, 2018. They have been prepared in accordance with the International Financial Reporting Standards (IFRS) and IFRS Interpretations Committee publications adopted by the European Union and applicable or authorized for early adoption from January 1, 2018. None of the IFRS issued by the International Accounting Standards Board (IASB) that have not been adopted for use in the European Union are applicable to the Group.

258

LEGRAND

REGISTRATION DOCUMENT 2018