Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

CONSOLIDATED STATEMENT OF RECOGNIZED INCOME AND EXPENSE

2016

2015

(in € millions)

NET INCOME

1,352

1,346

Items that may be subsequently reclassified to profit or loss Translation adjustments

(217)

397

Changes in fair value

10

241

Tax on items that may be subsequently reclassified to profit or loss

(3)

(81)

Items that will not be reclassified to profit or loss Changes in actuarial gains and losses

(366)

(30)

Tax on items that will not be reclassified to profit or loss

76

(18)

Liability method on items that will not be reclassified to profit or loss

(49)

(33)

INCOME AND EXPENSE RECOGNIZED DIRECTLY IN EQUITY

(549)

476

TOTAL RECOGNIZED INCOME AND EXPENSE FOR THE YEAR

803

1,822

Group share

766

1,800

Minority interests

37

22

The accompanying notes are an integral part of the consolidated financial statements.

CONSOLIDATED STATEMENT OF CASH FLOWS

Notes

2016

2015

(in € millions)

GROUP SHARE OF NET INCOME FROM CONTINUING OPERATIONS

1,311

374

Minority interests in net income

(a)

41

43

Share in net income of equity-accounted companies, net of dividends received

(6)

(20)

(29)

Depreciation, amortization and impairment of assets

(3)

1,369

2,085

Gains and losses on disposals of assets

(3)

2

70

Unrealized gains and losses arising from changes in fair value and share-based payments

42

(15)

Changes in inventory

(3)

(173)

26

payable Changes in trade accounts receivable and payable, and other accounts receivable and

(3)

72

192

Changes in tax receivable and payable

(10)

(135)

(134)

Changes in deferred taxes and provisions for other liabilities and charges

(4) (7) (10)

(544)

(143)

Net cash from (used in) operating activities of continuing operations

1,965

2,469

Net cash from (used in) operating activities of discontinued operations

0

140

NET CASH FROM OPERATING ACTIVITIES

1,965

2,609

intangible assets Acquisitions of property, plant and equipment [2016: (1,370), 2015: (1,346)] and

(5)

(1,521)

(1,475)

Increase (decrease) in amounts due to suppliers of fixed assets

(3)

24

8

acquired Acquisitions of shares in consolidated companies [2016: (252), 2015: (201)], net of cash

(233)

(189)

Acquisitions of other investments

(6)

(110)

(26)

9

Increase in investment-related liabilities

(7)

15

14

Decrease in investment-related liabilities

(7)

(9)

(28)

Investments

(1,834)

(1,696)

Disposals of property, plant and equipment and intangible assets

(5)

85

122

Disposals of shares in consolidated companies, net of cash divested

49

1,667

Disposals of other investments

(6)

1

2

207

SAINT-GOBAIN - REGISTRATION DOCUMENT 2016