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

5.3.2.2 Operating leases The Group uses certain facilities under lease agreements and leases certain equipment. There are no special restrictions related to these operating leases. Future minimum rental commitments under leases are detailed below:

December 31, 2017

December 31, 2016

(in € millions)

Due within one year

65.4

49.0

Due in one to two years

51.5

42.8

Due in two to three years

37.6

31.4

Due in three to four years

28.6

25.1

Due in four to five years

20.3

20.3

Due beyond five years

41.6

34.8

TOTAL

245.0

203.4

5.3.3 Contingent liabilities The Group is involved in a number of claims and legal proceedings arising in the normal course of business. In the opinion of management, all such matters have been adequately provided for or are without merit, and are of such nature that, should the outcome nevertheless be unfavorable to the Group, they should not have a material adverse effect on the Group’s consolidated financial position or results of operations.

5.3.2.3 Commitments to purchase property, plant and equipment Commitments to purchase property, plant and equipment amounted to €17.4 million as of December 31, 2017.

5.4 STATUTORYAUDITORS’ FEES The total amount of Statutory Auditors’ fees invoiced to the Group in 2017 can be detailed as follows:

PricewaterhouseCoopers Audit SAS

Deloitte & Associés

(in euros excluding taxes)

Statutory audit and certification

505,935

88%

513,446

78%

Other work than statutory audit and certification

66,000

12%

144,000

22%

TOTAL

571,935

100%

657,446

100%

5.5 SUBSEQUENT EVENTS No significant events occurred between December 31, 2017 and the date when the consolidated financial statements were prepared.

08

271

REGISTRATION DOCUMENT 2017 - LEGRAND

Made with FlippingBook - professional solution for displaying marketing and sales documents online