SCH2017_DRF_EN_Livre.indb

5

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

2017

2016

Non-leveraged plans

%

Value

%

Value

Plan characteristics Maturity (years) Reference price (euros) Subscription price (euros) : Between

5

5

69.23

56.31

59.11 59.11

47.86 45.04

And

Discount:

Between

15.0% 15.0%

15.0% 20.0%

And

Amount subscribed by employees

142.7 142.7

130.0 130.0

Total amount subscribed

Total number of shares subscribed (millions of shares) Valuation assumptions Interest rate available to market participant (bullet loan) (1)

2.4

2.8

3.8% 0.3% 1.0%

3.5% 0.0% 1.0%

Five-year risk-free interest rate (euro zone)

Annual interest rate (repo) (a) Value of discount: Between

15.0% 15.0%

9.0

15.0% 20.0%

8.7

And

15.4

20.4

(b) Value of the lock-up period for market participant

23.8%

39.8

23.9%

38.3

Total expense for the Group (a-b)

-

-

Sensitivity E decrease in interest rate for market participant (2)

(0.5%)

4.7

(0.5%)

4.5

Amounts in millions of euros, unless otherwise stated. (1) Average interest rate charged on an ordinary, non-revolving personal loan, with a five-year maturity to an individual with an average credit rating. (2) A decline in the interest rate for market participants reduces the lock-up cost and increases the expense booked by the issuer.

21.5 – Schneider Electric SE shares At December 31, 2017, the Group held 39,349,507 Schneider Electric shares in treasury stock, which have been recorded as a deduction from retained earnings. 21.6 – Income tax recorded in equity Total income tax recorded in Equity amounts to EUR241 million as of December 31, 2017 and can be analysed as follows:

Dec. 31, 2017

Dec. 31, 2016 Change in tax

Cash-flow hedges

61 (7)

29 (7)

32

Financial assets revaluation

-

Actuarial gains (losses) on defined benefits

188

370

(182)

Other

(1)

(1)

-

TOTAL

241

391

(150)

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

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