LEGRAND_REGISTRATION_DOCUMENT_2017
A
APPENDIX Appendix 1
R NOTE 7 – PROVISIONS
December 31, 2017 (in € thousands)
At the beginning of the period
Charges for the year
Reversals for the year
At the end of the period
Pensions and other post-retirement benefit obligations
607
122
(12)
717
Other
6,254
1,562
(747)
7,069
Provisions
6,861
1,684
(759)
7,786
Impairment on investments
0
Impairment on marketable securities
0
Provisions for impairment
0
0
0
0
TOTAL
6,861
1,684
(759)
7,786
Charges to and reversals from provisions recorded under the following income statement captions: W operating income and expense
1,684
(759)
W financial income and expense W non-recurring income and expense
TOTAL
1,684
(759)
Plans indexed to the share price are cash-settled. The corresponding liability has been recorded in the balance sheet and will be remeasured at each period-end until the transaction is settled. For the 12 months ended December 31, 2017, a net expense of €1,265 thousand was recognized in operating profit in respect of these plans. The corresponding liability amounted to €6,678 thousand as of December 31, 2017 (including payroll taxes). See also note 6.4.1 for performance share plans
The Company implemented cash-settled long-term employee benefits plans for employees deemed to be key for the Company, subject to the grantee’s continued presence within the Company after a vesting period of three years. In addition to the grantee still being present within the Company, the plans can, in certain cases, depend on the Group’s achievement of future economic performance conditions which may or may not be indexed to the share price.
R NOTE 8 – DEBT AND OTHER LIABILITIES
Maturity
December 31, 2017 (in € thousands)
Due within one year
Due in one to five years
Due beyond five years
Net value
Bonds
2,530,361
430,361
400,000
1,700,000
Bank borrowings with original maturities: W of less than one year
5
5
W of more than one year Other borrowings
TOTAL DEBT
2,530,366
430,366
400,000
1,700,000
Trade payables
2,240
2,240
Accrued taxes and employee benefit expense
5,984
5,984
Other
8,863
8,863
TOTAL OTHER LIABILITIES
17,087
17,087
TOTAL AT THE END OF THE PERIOD
2,547,453 1,575,152
447,453 475,152
400,000 400,000
1,700,000
TOTAL AT THE BEGINNING OF THE PERIOD
700,000
324
REGISTRATION DOCUMENT 2017 - LEGRAND
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