SCH2017_DRF_EN_Livre.indb

5

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

13.3 – Operating leases Rental expense breaks down as follows:

Full year 2017

Full year 2016

Minimum rentals Sub-lease rentals

112

112

5

5

TOTAL RENTAL EXPENSE

117

117

Operating lease commitments break down as follows at December 31, 2017:

Discounted minimum payments

Minimum payments

Less than one year

139

137

Between one and five years

361

346

Five years and more

96

87

TOTAL COMMITMENTS

596 (26) 570

570

-

Discounting effect

Discounted minimum payments

570

Investments in associates

NOTE 14

Investments in associates can be analyzed as follows:

% Interest

Share net assets

Net income/(Loss)

Dec. 31, 2017

Dec. 31, 2017

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2016

Dec. 31, 2016

Delixi

50.0% 50.0% 36.8% 36.8% 25.0% 25.0% 57.0% 57.0%

278 116

279 115

39 16

25 11 (4)

Fuji Electric FA Components & Systems

Sunten Electric Equipment

48 44

52 40

1 2

Telvent DMS, LLC power engineering

3

InnoVista Sensors (formerly Custom Sensors & Technologies Topco Limited)

30.0% 30.0% 20.0% 20.0%

27 19 15

77 18 20

2 1

(7)

Delta Dore Finance

1 5

Others TOTAL

- -

- -

-

547

601

61

34

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

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