LEGRAND_REGISTRATION_DOCUMENT_2017

APPENDIX Appendix 1

R NOTE 2 – ASSETS

2.1

INTANGIBLE ASSETS

December 31, 2017 (in € thousands)

Gross value at beginning of period

Additions for the year

Disposals for the year

Gross value at end of period

Software at cost

479

-

-

479

Amortization of software

(479)

-

-

(479)

INTANGIBLE ASSETS, NET

0

-

-

0

2.2

INVESTMENTS

December 31, 2017 (in € thousands)

Gross value at beginning of period

Changes during the year

Gross value at end of period

Shares in subsidiaries and affiliates Legrand France SA

3,773,659

-

3,773,659

3,773,659

-

3,773,659

Receivables from subsidiaries and affiliates Loan to Legrand France SA

0

878,962

878,962

0

878,962

878,962

Other investments Treasury shares held for cancellation

62,587

(62,587)

0

Other treasury shares

3,151

(675)

2,476

Other long-term receivables

18,539

1,851

20,390

Deposits and guarantees

0

24

24

84,277

(61,387)

22,890

Provisions for impairment Impairment of other treasury shares

0

0

0

0

TOTAL INVESTMENTS, NET

3,857,936

817,575

4,675,511

2.2.3 Other investments This item includes shares acquired under share buyback programs, shares purchased under the liquidity contract and the cash and short-term investments held in the liquidity account (see note 1.4). Moreover, on May 29, 2007, Legrand appointed a financial institution to maintain a liquid market for its ordinary shares on the Euronext Paris market under a liquidity contract complying with the Code of Conduct issued by the AMAFI (French Financial Markets Association) approved by the AMF on March 22, 2005. €15.0 million in cash was allocated by the Company to the liquidity contract. As of December 31, 2017, Legrand held 40,000 shares (60,433 as of December 31, 2016) acquired under this contract at a total cost of €2,476,104, which are recorded under “Other treasury shares”. No impairment was recognized on these shares at that date.

For other treasury shares, changes during the year correspond to net sales (sales net of purchases) for the period. 2.2.1 Shares in subsidiaries and affiliates No impairment provision has been recorded on these shares. 2.2.2 Receivables from subsidiaries and affiliates On July 6, 2017, the Company set up a loan agreement with Legrand France SA for an amount of €480,632 thousand for a period of 4 years, expiring on July 6, 2021. This loan is subject to annual interest of 0.54% per annum. On October 9, 2017, the Company set up a loan agreement with Legrand France SA for an amount of €397,040 thousand for a period of 6 years, expiring on October 9, 2023. This loan is subject to an interest corresponding to the 1 month Euribor variable rate +0.63%, with capitalization of interest.

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REGISTRATION DOCUMENT 2017 - LEGRAND