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

5.2 RELATED-PARTY INFORMATION The only individuals qualifying as related parties within the meaning of IAS 24 are the corporate officers who serve on the Executive Committee. Compensation and benefits provided to the members of the Executive Committee for their services are detailed in the following table:

12 months ended

December 31, 2017

December 31, 2016

(in € millions)

Compensation (amounts paid during the period) Fixed compensation

3.9

3.7

Variable compensation

3.3

2.7

Other short-term benefits (1)

0.1

0.1

Pension and other post-employment benefits (2)

0.3

(11.8)

Other long-term benefits (charge for the period) (3)

2.1

2.0

Termination benefits (charge for the period)

0.0

0.0

Share-based payments (charge for the period) (4)

2.7

2.3

(1) Other short-term benefits include benefits in kind. (2) Change in the obligation’s present value (in accordance with IAS 19).

(3) As per the long-term employee benefit plans described in Note 4.5.2, with a 100% pay-out rate assumption. (4) As per the performance share plans described in Note 4.2.1, with a 100% pay-out rate assumption.

5.3

OFF-BALANCE SHEET COMMITMENTS AND CONTINGENT LIABILITIES

5.3.1 Specific transactions Specific commitments and their expiry dates are discussed in the following notes: W Note 3.3: Property, plant and equipment; and W Note 4.5.1: Pension and other post-employment benefit obligations.

5.3.2 Routine transactions

5.3.2.1 Financial guarantees

December 31, 2017

December 31, 2016

(in € millions)

Guarantees given to banks

128.2

163.3

Guarantees given to other organizations

52.7

56.0

TOTAL

180.9

219.3

Most of these guarantees are given by the Company to banks for Group subsidiaries located outside of France.

270

REGISTRATION DOCUMENT 2017 - LEGRAND