LEGRAND_REGISTRATION_DOCUMENT_2017

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

Short- and long-term deferred taxes can be analyzed as follows:

December 31, 2017

December 31, 2016

(in € millions)

Deferred taxes – short-term

83.3

83.1

Deferred taxes – long-term

(600.4)

(616.8)

TOTAL

(517.1)

(533.7)

Tax losses carried forward break down as follows:

December 31, 2017

December 31, 2016

(in € millions)

Recognized operating losses carried forward

38.2

38.4

Recognized deferred tax assets

8.4

8.0

Unrecognized operating losses carried forward

105.1

121.0

Unrecognized deferred tax assets

20.4

27.8

Total net operating losses carried forward

143.3

159.4

4.8 OTHER CURRENT LIABILITIES Other current liabilities can be analyzed as follows:

December 31, 2017

December 31, 2016

(in € millions)

Taxes other than income tax

75.1

70.6

Accrued employee benefits expense

253.1

235.4

Statutory and discretionary profit-sharing reserve

28.1

30.9

Payables related to fixed asset purchases

22.0

19.6

Accrued expenses

104.3

88.2

Accrued interest

42.8

48.5

Deferred revenue

22.0

16.5

Pension and other post-employment benefit obligations

7.9

8.0

Other current liabilities

28.4

28.5

TOTAL

583.7

546.2

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REGISTRATION DOCUMENT 2017 - LEGRAND

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