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

R NOTE 5 – OTHER INFORMATION

5.1

FINANCIAL INSTRUMENTS AND MANAGEMENT OF FINANCIAL RISKS

5.1.1 Financial instruments

5.1.1.1 Impact of financial instruments

12 months ended

December 31, 2017

December 31, 2016

Impact on equity

Impact on financial profit (loss)

Impact on financial profit (loss)

Translation adjustment

Impact on equity

Fair value

Other

(in € millions)

Trade receivables

(0.8)

(1.2)

Cash and cash equivalents

11.1

(66.1)

7.6

(9.0)

Trade payables Borrowings

(80.0)

44.9

(83.4)

(11.8)

Derivatives

1.9

3.9

(19.3)

13.4

TOTAL

(67.8)

(17.3)

(96.3)

(7.4)

Yankee bonds denominated in US dollar and the derivative financial instrument denominated in British pound are treated as net investment hedges (see Note 4.3.2).

5.1.1.2 Breakdown of balance sheet items by type of financial instrument

December 31, 2017

December 31, 2016

Levels of valuation

Carrying amount

Amortized cost

Fair value

Level 1 (1)

Level 2 (2)

Level 3 (3)

Carrying amount

(in € millions)

ASSETS Current assets Trade receivables

624.9

624.9

624.9

564.2

Other current financial assets

1.1

1.1

1.1

1.6

Cash and cash equivalents

823.0

823.0

823.0

940.1

TOTAL CURRENT ASSETS

1,449.0

624.9

824.1

0.0 1,449.0

0.0

1,505.9

EQUITY AND LIABILITIES Current liabilities Short-term borrowings

585.4

147.5

441.8

403.9

147.5

37.9

346.4

Trade payables

612.9

612.9

612.9

558.3

Other current financial liabilities

0.8

0.8

0.8

0.6

TOTAL CURRENT LIABILITIES

1,199.1

760.4

442.6

403.9

761.2

37.9

905.3

Non-current liabilities Long-term borrowings

2,457.1

32.7 2,637.6 2,637.6

32.7

0.0

1,550.7

TOTAL NON-CURRENT LIABILITIES

2,457.1

32.7 2,637.6 2,637.6

32.7

0.0

1,550.7

(1) Level 1: quoted prices on an active market. (2) Level 2: calculations made from directly observable market data. (3) Level 3: calculations made from non-observable market data.

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REGISTRATION DOCUMENT 2017 - LEGRAND