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
08
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REGISTRATION DOCUMENT 2017 - LEGRAND
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