LEGRAND_REGISTRATION_DOCUMENT_2017

08 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, 2017 and December 31, 2016

8.1.7 – Notes to the consolidated financial statements

NOTE 1 – BASIS OF PREPARATION OF THE

NOTE 4 – DETAILS ON NON-CURRENT AND CURRENT LIABILITIES

CONSOLIDATED FINANCIAL STATEMENTS

232 232 232 235 237 237 237 240 240 241 241 244 246 249 249 250 250

251 251 253 256 257 257 262 264 265

1.1 1.2 1.3

General information Accounting policies Scope of consolidation

4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8

Share capital and earnings per share

Stock option plans and performance share plans Retained earnings and translation reserves

Provisions

NOTE 2 – RESULTS FOR THE YEAR

Provision for post-employment benefits and other long-term employee benefits Long-term and short-term borrowings

2.1 2.2 2.3 2.4

Net sales

Segment information Operating expenses Income tax expense

Deferred taxes

Other current liabilities

NOTE 3 – DETAILS ON NON-CURRENT AND CURRENT ASSETS

NOTE 5 – OTHER INFORMATION

266

3.1 3.2 3.3 3.4 3.5 3.6 3.7

Intangible assets

5.1

Financial instruments and management of financial risks

Goodwill

266 270

Property, plant and equipment

5.2 5.3

Related-party information

Inventories

Off-balance sheet commitments and contingent liabilities

270 271 271

Trade receivables Other current assets

5.4 5.5

Statutory Auditors’ fees

Subsequent events

Cash and cash equivalents

R NOTE 1 – BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS

1.1 GENERAL INFORMATION Legrand (“the Company”) along with its subsidiaries (together “Legrand” or “the Group”) is the global specialist in electrical and digital building infrastructures. The Group has manufacturing and/or distribution subsidiaries and offices in more than 90 countries, and sells its products in close to 180 countries. The Company is a French société anonyme incorporated and domiciled in France. Its registered office is located at 128, avenue du Maréchal de Lattre de Tassigny – 87000 Limoges (France). The 2016 Registration Document has been filed with the AMF on March 31, 2017 under no. D.17-0285. The consolidated financial statements were approved by the Board of Directors on February 7, 2018.

All amounts are presented in millions of euros unless otherwise specified. Some totals may include rounding differences.

1.2 ACCOUNTING POLICIES As a company incorporated in France, Legrand is governed by French company laws, including the provisions of the Code de commerce (French Commercial Code). The consolidated financial statements cover the 12 months ended December 31, 2017. They have been prepared in accordance with the International Financial Reporting Standards (IFRS) and IFRS Interpretations Committee publications adopted by the European Union and applicable or authorized for early adoption from January 1, 2017.

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REGISTRATION DOCUMENT 2017 - LEGRAND