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

Short- and long-term deferred taxes can be analyzed as follows:

December 31, 2018

December 31, 2017

(in € millions)

Deferred taxes – short-term

91.2

83.3

Deferred taxes – long-term

(684.4)

(600.4)

TOTAL

(593.2)

(517.1)

Tax losses carried forward break down as follows:

December 31, 2018

December 31, 2017

(in € millions)

Recognized operating losses carried forward

61.7

38.2

Recognized deferred tax assets

9.8

8.4

Unrecognized operating losses carried forward

99.7

105.1

Unrecognized deferred tax assets

20.1

20.4

Total net operating losses carried forward

161.4

143.3

4.8 OTHER CURRENT LIABILITIES Other current liabilities can be analyzed as follows:

December 31, 2018

December 31, 2017

(in € millions)

Taxes other than income tax

76.1

75.1

Accrued employee benefits expense

260.6

253.1

Statutory and discretionary profit-sharing reserve

25.8

28.1

Payables related to fixed asset purchases

24.3

22.0

Accrued expenses

120.4

104.3

Accrued interest

32.9

42.8

Deferred revenue

25.4

22.0

Other current liabilities

39.7

36.3

TOTAL

605.2

583.7

294

LEGRAND

REGISTRATION DOCUMENT 2018