Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

position of Compagnie de Saint-Gobain and its subsidiaries (“the Group”), as well as the Group’s interests in associate The consolidated financial statements reflect the accounting These consolidated financial statements were adopted by the Board of Directors on February 23, 2017 and will be submitted to the Shareholders’ Meeting for approval.

companies and joint ventures. They are expressed in euros rounded to the nearest million.

Accounting rules and principles are identified through a specific color.

NOTE 1

ACCOUNTING PRINCIPLES AND POLICIES

December 31, 2015, except for the application of the new standards and interpretations described below. The consolidated financial statements have been prepared using the historical cost convention, except for certain assets and The accounting policies applied are consistent with those used to prepare the financial statements for the year ended liabilities that have been measured using the fair value model as explained in these notes. statements have also been prepared in accordance with the IFRS issued by the International Accounting Standards Board European Union at December 31, 2016. These financial http://ec.europa.eu/finance/accounting/ias/index_en.htm. (IASB). Standards adopted by the European Union may be consulted on the European Commission website, at accordance with the International Financial Reporting Standards (IFRS) and interpretations adopted for use in the The consolidated financial statements have been prepared in on or after January 1, 2016 amendments to existing standards applicable for reporting periods beginning The standards, interpretations and amendments to published standards applicable for the first time for reporting periods beginning on or after January 1, 2016 do not have a material impact on the consolidated financial statements: acceptable methods of depreciation and amortization, and amendment to the revaluation method”; amendment to IAS 16 and IAS 38, “Clarification of ‹ amendment to IAS 19, “Employee contributions and ‹ discount rate (regional market issue)”; interests in joint operations”; amendment to IFRS 11, “Accounting for acquisitions of ‹ statements”; amendment to IAS 27, “Equity method in separate financial ‹ amendment to IFRS 2, “Share-based Payment - Definition ‹ of vesting conditions” (for share-based payments awarded after July 1, 2014 - prospective application); Standards applied 1.1 Standards, interpretations and 1.1.1 amendment to IAS 1, “Disclosure initiative”; ‹

amendment to IFRS 3, “Business Combinations - ‹ Accounting for contingent consideration” (for business application); combinations carried out after July 1, 2014 - prospective Changes in methods of disposal”; amendment to IFRS 5, “Non-current Assets Held for Sale - ‹ regarding management mandates and applicability of the amendments to IFRS 7 to condensed interim financial amendment to IFRS 7, “Financial Instruments - Disclosures ‹ statements”; Aggregation of operating segments and reconciliations of assets”; amendment to IFRS 8, “Operating Segments - ‹ “Short-term receivables and payables”; amendment to the Basis for Conclusions of IFRS 13, ‹ management personnel”; amendment to IAS 24, “Related Party disclosures - Key ‹ Information provided elsewhere in the interim financial report”. amendment to IAS 34, “Interim Financial Information - ‹ on or after January 1, 2017 were not early-adopted by the Group in 2016. The new standards, interpretations and amendments to existing standards applicable for reporting periods beginning IFRS 9, “Financial Instruments”: the initial phase of this ‹ project in 2016 involved an analysis of issues relating to financial instruments (excluding trade receivables). The analysis will focus on trade receivables as from early 2017. IFRS 15, “Revenue from Contracts with Customers”: ‹ although the Group does not expect IFRS 15 to have a material impact on its financial statements, a project was method of recognizing revenue and (ii) analyzing the overall impacts of the standard. carried out in 2016 with the dual aim of (i) identifying the specific cases in which the standard will change the available for early adoption in reporting amendments to existing standards periods beginning on or after January 1, 2016 Standards, interpretations and 1.1.2

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016