LEGRAND / 2018 Registration document

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APPENDIX APPENDIX 1

Statement of cash flows

12 months ended December 31, 2018

12 months ended December 31, 2017

(in € thousands)

Profit for the period

227,535

247,048

Adjustments for non-cash movements in assets and liabilities: Changes in depreciation, amortization and impairment of fixed assets

1,933

Amortization of deferred charges

2,394

2,307

Changes in provisions for contingencies and charges

(3,876)

926

Changes in untaxed provisions

0

Net (gain)/loss on sales of assets

0

Other non-cash items

(3,305)

(8,561)

CASH FLOW

224,681

241,720

Changes in working capital requirement: Inventories Trade and other receivables

15,960

(33,992)

Trade and other payables

32,992

441

Other operating assets and liabilities

0

78

NET CASH FROM OPERATING ACTIVITIES

273,633

208,247

Net proceeds from sales of fixed and financial assets Decreases in financial assets Acquisitions of fixed assets Acquisitions of financial assets

(24)

(23)

NET CASH FROM INVESTING ACTIVITIES

(24)

(23)

Proceeds from issues of share capital and premium

13,170

16,913

Net sales (buybacks, cancellation) of treasury shares and transactions under the liquidity contract

(34,866)

(1,176)

Dividends paid to equity holders of Legrand

(336,818)

(317,145)

Increase (decrease) in borrowings, including intragroup loans and borrowings

84,839

92,916

NET CASH FROM FINANCING ACTIVITIES

(273,675)

(208,492)

Increase (decrease) in cash and cash equivalents

(66)

(268)

Cash and cash equivalents at the beginning of the period

(5)

263

Cash and cash equivalents at the end of the period

(71)

(5)

The accompanying Notes are an integral part of these financial statements.

340

LEGRAND

REGISTRATION DOCUMENT 2018