SCH2017_DRF_EN_Livre.indb

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

Moreover, the Group follows the share of new economies by revenue:

Full year 2017

Full year 2016*

Revenue – Mature countries Revenue – New economies

14,327 10,416 24,743

58% 42%

14,336 10,123 24,459

59% 41%

TOTAL

100%

100%

* 2016 figures were restated for discontinued operations disclosed in note 1.

3.3 – Degree of dependence in relation to main customers No single customer accounts for more than 10% of consolidated revenue.

Research and development

NOTE 4

Research and development costs break down as follows:

Full year 2017

Full year 2016*

Research and development costs in cost of sales Research and development costs in R&D costs (1)

(382) (501) (300)

(348) (527) (334)

Capitalized development costs

TOTAL RESEARCH AND DEVELOPMENT COSTS IN THE YEAR

(1,183)

(1,209)

* 2016 figures were restated for discontinued operations disclosed in note 1. (1) Of which EUR41 million of research and development tax credits in full year 2017, EUR35 million in full year 2016.

Amortization of capitalized development costs amounted to EUR238 million for the 2017 financial year, compared with EUR237 million in 2016.

Depreciation and amortization expenses

NOTE 5

Depreciation and amortization expenses recognized in operating expenses were as follows:

Full year 2017

Full year 2016*

Included in cost of sales: Depreciation and amortization

(518)

(525)

Included in selling, general and administrative expenses: Depreciation and amortization DEPRECIATION AND AMORTIZATION EXPENSES

(151) (669)

(117) (642)

* 2016 figures were restated for discontinued operations disclosed in note 1.

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

243