SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017

Financial and accounting information 2017 Consolidated financial statements

NOTE 6

INVESTMENTS IN EQUITY-ACCOUNTED COMPANIES AND OTHER

NON-CURRENT ASSETS

Changes in investments in equity-accounted companies 6.1. Changes in investments in equity-accounted companies in 2017 and 2016 can be analyzed as follows: (inɸ€ millions) 2017

2016

At January b 1 Group share in: Associates

181 183 364

140 168 308

Joint ventures

TOTAL

Goodwill

12

11

INVESTMENTS IN EQUITY-ACCOUNTED COMPANIES

376

319

Changes during the year Group share in net income of: Associates

3

11 25 36

Joint ventures

30 33

TOTAL

Dividends paid

(20) (18)

(16)

Translation adjustments

7 3

Transfers, share issues and other movements Changes in Group structure and acquisitions

6 2 3

27 57

TOTAL CHANGES At Decemberb31 Group share in: Associates

173 187 360

181 183 364

Joint ventures

TOTAL

Goodwill

19

12

INVESTMENTS IN EQUITY-ACCOUNTED COMPANIES

379

376

The principal financial aggregates of equity-accounted companies are as follows:

2017

2016

Associates Joint ventures

Total 1,498

Associates Joint ventures

Total 1,383

(inɸ€ millions)

Net sales

789

709

710

673

Net income

28

67

95

26

54

80

Current assets

495 533 227 801 592

310 337 145 502 409

805 870 372

458 526 235 749 580

283 321 126 478 401

741 847 361

Non-current assets Current liabilities Non-current liabilities Shareholders' equity

1,303 1,001

1,227

9

981

Transactions with equity-accounted 6.2. companies – related-parties The consolidated financial statements include transactions conducted by the Group in the normal course of its businesses with associates and joint ventures. These transactions are carried out on an arm’s length basis.

The assets and liabilities of equity-accounted companies at December 31 are as follows: (inɸ€ millions) Dec.b31, 2017 Dec.b31, 2016 Financial receivables 1 1 Inventories 0 0 Short-term receivables 7 8 Cash and cash equivalents 0 0 Provisions for asset impairment 0 0 Short-term debt 2 2 Cash advances 0 0

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