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

4.4 PROVISIONS Changes in provisions in 2018 are as follows:

December 31, 2018

Product warranties

Claims and litigation

Tax and employee risks Restructuring

Other

Total

(in € millions)

At beginning of period

29.1

68.7

27.2

15.9

83.0

223.9

Changes in scope of consolidation

0.9

0.0

0.3

0.1

1.3

2.6

Increases

23.8

28.1

7.5

17.1

17.3

93.8

Utilizations

(6.3)

(6.7)

(1.5)

(7.8)

(31.9)

(54.2)

Reversals of surplus provisions

(2.6)

(21.7)

(1.5)

(1.0)

(4.9)

(31.7)

Reclassifications

(0.1)

1.0

(0.5)

0.0

2.1

2.5

Translation adjustments

(0.2)

0.0

(1.3)

(0.2)

(2.1)

(3.8)

AT END OF PERIOD

44.6

69.4

30.2

24.1

64.8

233.1

Of which non-current portion

29.4

36.8

18.1

3.2

57.7

145.2

“Other” includes long-term provisions for employee benefits, corresponding mainly to cash-settled long-term employee benefit plans described in Note 4.5.2 for an amount of €33.9 million as of December 31, 2018 (see also consolidated statement of changes in equity for performance share plans described in Note 4.2.1).

“Other” also includes a €7.4 million provision for environmental risks as of December 31, 2018, mainly to cover estimated depollution costs related to property assets held for sale.

Changes in provisions in 2017 were as follows:

December 31, 2017

Product warranties

Claims and litigation

Tax and employee risks Restructuring

Other

Total

(in € millions)

At beginning of period

21.0

55.4

26.3

13.3

93.8

209.8

Changes in scope of consolidation

2.4

0.0

0.2

1.5

0.6

4.7

Increases

13.1

27.5

4.5

13.3

27.0

85.4

Utilizations

(5.7)

(5.2)

(0.8)

(9.2)

(30.5)

(51.4)

Reversals of surplus provisions

(1.1)

(9.8)

0.0

(0.5)

(4.0)

(15.4)

Reclassifications

0.4

2.2

0.0

(1.5)

0.3

1.4

Translation adjustments

(1.0)

(1.4)

(3.0)

(1.0)

(4.2)

(10.6)

AT END OF PERIOD

29.1

68.7

27.2

15.9

83.0

223.9

Of which non-current portion

14.9

37.9

19.1

1.6

75.1

148.6

“Other” includes long-term provisions for employee benefits, corresponding mainly to cash-settled long-term employee benefits plans for an amount of €53.3 million as of December 31, 2017.

“Other” also includes a €8.6 million provision for environmental risks as of December 31, 2017 to cover mainly estimated depollution costs related to property assets held for sale.

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LEGRAND

REGISTRATION DOCUMENT 2018