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.
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REGISTRATION DOCUMENT 2017 - LEGRAND
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