SCH2017_DRF_EN_Livre.indb

6

Parent company financial statements Notes to the financial statements

E EUR177 million worth of floating-rate bonds issued in July 2008 and maturing on July 25, 2018, decreased to EUR150 million through the repayment in June 2014 of EUR27 million; E EUR100 million worth of 1.841% bonds issued in October 2015 and maturing on October 13, 2025; E EUR200 million worth of 1.841% bonds issued in October 2015 and maturing on October 13, 2025; E EUR800 million worth of 1.50% bonds issued in September 2015 and maturing on September 8, 2023; E EUR750 million worth of 0.875% bonds issued in March 2015 and maturing on March 11, 2025. The issue premiums and issuance costs are amortized in line with the effective interest method.

The company issued a bond for EUR750 million at 0.875%, maturing on December 13, 2026. At December 31, 2017, the remaining bonds are as follows: E EUR800 million worth of 0.25% bonds issued in September 2016 and maturing on September 9, 2024 and described above; E EUR600 million worth of 2.50% bonds issued in September 2013 and maturing on September 6, 2021; E EUR500 million worth of 3.50% bonds issued in September 2011 and maturing on January 22, 2019; E EUR750 million worth of 3.75% bonds issued in July 2011 and maturing on July 12, 2018; E EUR500 million worth of 3.625% bonds issued in July 2010 and maturing on July 20, 2020;

NOTE 10 Other borrowings Other borrowings at December 31, 2017 included accrued interest on bonds and other debt issued by the company. Accrued interest

amounted to EUR59 million, compared to EUR75 million at end-2016.

Interest-bearing liabilities

NOTE 11

Interest-bearing liabilities (in thousands of euros)

Dec. 31, 2016

Increase

Decrease

Dec. 31, 2017

Commercial paper

56,920

3,723,899

(3,450,819)

330,000

Overdrafts

- -

- -

- -

- -

Other

NET

56,920

3,723,899

(3,450,819)

330,000

In 2017, commercial paper were issued and partially reimbursed over the period. The balance amounted to EUR330 million at the end of 2017.

2017 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC

306