LEGRAND / 2018 Registration document

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APPENDIX APPENDIX 1

R NOTE 7 – PROVISIONS

December 31, 2018 (in € thousands)

At the beginning of the period

Charges for the year

Reversals for the year

At the end of the period

Pensions and other post-retirement benefit obligations

717

119

(352)

484

Other

7,069

346

(3,988)

3,427

Provisions

7,786

465

(4,340)

3,911

Impairment on investments Impairment on marketable securities Provisions for impairment

0

0

0

0

TOTAL

7,786

465

(4,340)

3,911

Charges to and reversals from provisions recorded under the following income statement captions: W operating income and expense

465

(4,340)

W financial income and expense W non-recurring income and expense

TOTAL

465

(4,340)

The Company implemented cash-settled long-term employee benefits plans for employees deemed to be key for the Company, subject to the grantee’s continued presence within the Company after a vesting period of three years. In addition to the grantee still being present within the Company, the plans can, in certain cases, depend on the Group’s achievement of future economic performance conditions which may or may not be indexed to the share price.

Plans indexed to the share price are cash-settled. The corresponding liability has been recorded in the balance sheet and remeasured

at each period-end until the transaction is settled. See also note 6.4.1 for performance share plans

352

LEGRAND

REGISTRATION DOCUMENT 2018