LEGRAND_REGISTRATION_DOCUMENT_2017

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APPENDIX Appendix 1

APPENDIX 1

Financial statements December 31, 2017

Statement of income

2017

2016

(in € thousands)

Operating income Revenue

17,592

15,470

Other operating income

4,910

3,400

TOTAL OPERATING INCOME

22,502

18,870

Operating expenses Change in goods inventory

0

0

Change in supplies inventory

0

0

Purchases and external charges

(8,970)

(4,298)

Taxes other than on income

(972)

(1,129)

Employee benefits expense

(8,925)

(8,222)

Amortization and provision expense

(2,635)

(2,332)

Other operating expenses

(598)

(559)

TOTAL OPERATING EXPENSES

(22,100)

(16,540)

Operating profit

402

2,330

Financial income Dividend income

249,851

249,851

Interest income frommarketable securities and receivables, net

1,290

4

Provision reversals and expense transfers

0

0

Exchange gains

3

3

Other financial income

0

3

TOTAL FINANCIAL INCOME

251,144

249,861

Financial expense Amortization and provision expense

(1,356)

(840)

Exchange losses

(2)

(1)

Finance costs and other

(45,686)

(49,375)

TOTAL FINANCIAL EXPENSE

(47,044)

(50,216)

Financial income and expense, net

204,100

199,645

Recurring profit before tax

204,502

201,975

Non-recurring income and expense, net

1,202

(4,194)

Profit before tax and employee profit-sharing

205,704

197,781

Employee profit-sharing

(115)

(125)

Income tax benefit

41,459

10,228

PROFIT FOR THE PERIOD

247,048

207,884

The accompanying Notes are an integral part of these financial statements.

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REGISTRATION DOCUMENT 2017 - LEGRAND