SCH2017_DRF_EN_Livre.indb

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Consolidated financial statements at December 31, 2017 Notes to the consolidated financial statements

5. Notes to the consolidated financial statements

Accounting Policies

233

NOTE 17 Inventories and work in progress

255

NOTE 1

Changes in the scope of consolidation 240

NOTE 18 Trade accounts receivable 255 NOTE 19 Other receivables and prepaid expenses 256 NOTE 20 Cash and cash equivalents 256 NOTE 21 Equity 257 NOTE 22 Pensions and other post-employment benefit obligations 263 NOTE 23 Provisions for contingencies and charges 268 NOTE 24 Total current and non-current financial liabilities 269 NOTE 25 Other non-current liabilities 272 NOTE 26 Financial instruments 273 NOTE 27 Employees 278 NOTE 28 Related party transactions 278 NOTE 29 Commitments and contingent liabilities 279 NOTE 30 Subsequent events 279 NOTE 31 Statutory auditors’ fees 280 NOTE 32 Consolidated companies 281

NOTE 2

Segment information

241 243

NOTE 3

Research and development

NOTE 4

Depreciation and amortization expenses 243 Other operating income and expenses 244

NOTE 5

NOTE 6

Restructuring costs

244

NOTE 7

Amortization and impairment of purchase accounting intangibles Other financial income and expense

NOTE 8

244 245 245 246 248 250 252

NOTE 9

NOTE 10 Income tax expense

NOTE 11 Goodwill

NOTE 12 Intangible assets

NOTE 13 Property, plant and equipment

NOTE 14 Investments in associates

NOTE 15 Total current and non-current financial assets

253 254

NOTE 16 Deferred taxes by type

PLEASE NOTE

All amounts in millions of euros unless otherwise indicated. The following notes are an integral part of the consolidated financial statements. The Schneider Electric Group’s consolidated financial statements for the financial year ended December 31, 2017 were drawn up by the board of directors on February 14, 2018. They will be submitted to shareholders for approval at the Annual General Meeting of April 24, 2018. The Group’s main businesses are described in chapter 1 of the registration document.

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

232