LEGRAND / 2018 Registration document
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APPENDIX APPENDIX 1
During 2018, transactions under the liquidity contract led to a cash outflow of €17,032,997 corresponding to the net purchase of 310,219 shares. This amount was financed by the cash and short- term investments held in the liquidity contract, the balance of which was €3,357,352 as of December 31, 2018, which is recorded under “Other long-term receivables”.
Details of shares purchased for allocation to employees are provided in note 4 on marketable securities.
R NOTE 3 – RECEIVABLES
Current receivables are as follows:
Cost
Maturity
December 31, 2018 (in € thousands)
Net value
Within one year
Beyond one year
Trade account receivables
3,835
3,835
Prepaid and recoverable taxes
28,072
28,072
Recoverable value-added tax
485
485
Group relief receivables
1,663
1,663
Other receivables
1
1
TOTAL AT THE END OF THE PERIOD
34,056
34,056
0
TOTAL AT THE BEGINNING OF THE PERIOD
50,016
50,016
0
R NOTE 4 – MARKETABLE SECURITIES
In 2018 and 2017, this item exclusively comprised Legrand shares purchased for allocation to employees.
December 31, 2018
December 31, 2017
Cost
Impairment
Net
Net
in € thousands)
Performance share plans
238
0
238
238
TOTAL
238
0
238
238
Details of the objectives and terms of the current share buyback program, which represents a maximum of €1 billion, are provided in the program description published on May 30, 2018. A breakdown of shares held in treasury for allocation to employees is provided in note 6.1.
R NOTE 5 – ACCRUALS
December 31, 2018
December 31, 2017
(in € thousands)
Prepaid expenses
21
21
Deferred charges
4,122
4,225
Bond redemption premium
8,312
7,298
TOTAL
12,455
11,544
344
LEGRAND
REGISTRATION DOCUMENT 2018
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