LEGRAND_REGISTRATION_DOCUMENT_2017

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APPENDIX Appendix 1

Statement of cash flows

2017

2016

(in € thousands)

Profit for the period

247,048

207,884

Adjustments for non-cash movements in assets and liabilities: Changes in depreciation, amortization and impairment of fixed assets

-

Amortization of deferred charges

2,307

1,524

Changes in provisions for contingencies and charges

926

(1,040)

Changes in untaxed provisions

-

Net (gain)/loss on sales of assets

-

Other non-cash items

(8,561)

-

CASH FLOW

241,720

208,368

Changes in working capital requirement: Inventories

-

Trade and other receivables

(33,992)

(2,937)

Trade and other payables

441

4,124

Other operating assets and liabilities

78

52

NET CASH FROM OPERATING ACTIVITIES

208,247

209,607

Net proceeds from sales of fixed and financial assets

-

Decreases in financial assets

-

Acquisitions of fixed assets

-

Acquisitions of financial assets

(23)

-

NET CASH FROM INVESTING ACTIVITIES

(23)

0

Proceeds from issues of share capital and premium

16,913

8,330

Net sales (buybacks, cancellation) of treasury shares and transactions under the liquidity contract

(1,176)

(60,986)

Dividends paid to equity holders of Legrand

(317,145)

(307,058)

Increase (decrease) in borrowings, including intragroup loans and borrowings

92,916

150,255

NET CASH FROM FINANCING ACTIVITIES

(208,492)

(209,459)

Increase (decrease) in cash and cash equivalents

(268)

148

Cash and cash equivalents at the beginning of the period

263

115

Cash and cash equivalents at the end of the period

(5)

263

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

314

REGISTRATION DOCUMENT 2017 - LEGRAND