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
5.3.2.2 Operating leases The Group uses certain facilities under lease agreements and leases certain equipment. There are no special restrictions related to these operating leases. Future minimum rental commitments under leases are detailed below:
December 31, 2018
December 31, 2017
(in € millions)
Due within one year
65.7
65.4
Due in one to two years
51.2
51.5
Due in two to three years
38.7
37.6
Due in three to four years
28.9
28.6
Due in four to five years
23.4
20.3
Due beyond five years
57.5
41.6
TOTAL
265.4
245.0
5.3.2.3 Commitments to purchase property, plant and equipment Commitments to purchase property, plant and equipment amounted to €24.1 million as of December 31, 2018.
5.3.3 Contingent liabilities The Group is involved in a number of claims and legal proceedings arising in the normal course of business. In the opinion of management, all such matters have been adequately provided for, knowing that no provision is recorded for claims and legal proceedings for which the Group considers that the provision recognition criteria are not met in regards to IFRS. On September 6, 2018, Legrand was raided, while fully cooperating with the relevant authorities.
5.4 STATUTORYAUDITORS’ FEES The total amount of statutory auditors’ fees invoiced to the Group in 2018 can be detailed as follows:
PricewaterhouseCoopers Audit SAS
Deloitte & Associés
(in euros excluding taxes)
Statutory audit and certification
537,646
94%
551,979
86%
Other work than statutory audit and certification
34,000
6%
87,800
14%
TOTAL
571,646
100%
639,779
100%
8
5.5 SUBSEQUENT EVENTS No significant events occurred between December 31, 2018 and the date when the consolidated financial statements were prepared.
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LEGRAND
REGISTRATION DOCUMENT 2018
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