Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

Guarantee commitments 3.6.4 In some cases, the Group grants seller’s warranties to the buyers of divested businesses. A provision is set aside whenever a risk is identified and the related cost can be estimated reliably.

€93 million at December 31, 2016 (€99 million at December 31, 2015). The Group also receives guarantees, amounting to

Commercial commitments 3.6.5

Total 2016

Commitment amounts by period

Total 2015

Due within 1 year Due in 1 to 5 years Due beyond 5 years

(in € millions)

Security for borrowings

41

17

15

9

44

Other commitments given

214

83

97

34

158

TOTAL

255

100

112

43

202

Other commitments 3.6.6

Guarantees given to the Group in respect of receivables amounted to €105 million at December 31, 2016 (€106 million at December 31, 2015). in pledges of financial assets in the United Kingdom. €343 million (€674 million at December 31, 2015). The year-on-year decrease in this item mainly reflects a decrease At December 31, 2016, pledged assets amounted to

any shortage between the Group’s emissions and the allowances granted. A provision for greenhouse gas emissions allowances is recorded in the consolidated financial statements to cover Greenhouse gas emissions allowances allocated to the Group’s companies in 2016 represented approximately 3.6 million level of greenhouse gas emissions for the year. As a result, no provision has been recorded in this respect in the Group’s . The new 2017 allowances will be added to the residual inventory of prior allocations and will cover the metric tons of CO 2

financial statements.

NOTE 4

EMPLOYEES, PERSONNEL EXPENSES AND EMPLOYEE BENEFIT

OBLIGATIONS

4.1

companies Employees of fully consolidated

Management compensation 4.2

management were as follows in 2016 and 2015: Direct and indirect compensation and benefits paid to members of the Board of Directors and the Group’s senior

2016

2015*

Managerial-grade employees

27,677

26,936

2016

2015

(in € millions)

Administrative employees

74,202

75,266

Attendance fees

1.1

1.1

Other employees

70,184

71,042

Direct and indirect compensation (gross) Fixed portion

TOTAL AVERAGE NUMBER OF EMPLOYEES 172,063

173,244

8.9

9.7

*

Data adjusted for suspended contracts.

Variable portion

4.4

4.5

employee benefit obligations (IAS 19) Estimated cost of pensions and other

companies was 172,696 at December 31, 2016 and 171,958 at December 31, 2015, adjusted for suspended contracts. The total number of Group employees for fully consolidated

2.5

2.6

Share-based payment expense (IFRS 2)

8.5

6.4

Termination, retirement and other benefits

0.0

1.5

TOTAL

25.4

25.8

Total compensation and benefits paid in 2016 to Saint-Gobain management by the French and foreign companies in the Group (excluding any long-term cash-settled compensation) 2015) and nil in termination, retirement or other benefits (€1.5 million in 2015). amounted to €13.3 million (€15.7 million in 2015), including €4.4 million in gross variable compensation (€4.5 million in

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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