Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

result in a decrease of €240 million in equity. A 10% fall in the exchange rate would have the opposite impact.

December 31, 2016, compared with 4.4% at December 31, 2015. The average internal rate of return for the main component of long-term debt before hedging (bonds) was 3.9% at The table below presents the breakdown by interest rate (fixed or variable) of the Group’s gross debt at December 31, 2016, taking into account interest rate, currency and cross-currency swaps.

Impact on income of financial instruments 8.4.7. not qualifying for hedge accounting The fair value of derivatives classified as financial assets and liabilities at fair value through profit or loss represented a €5 million loss at December 31, 2016 (€25 million gain at December 31, 2015). embedded derivatives under IFRS. The Saint-Gobain Group regularly analyzes its contracts in order to separately identify financial instruments classified as be material at Group level were identified. At December 31, 2016, no embedded derivatives deemed to Embedded derivatives 8.4.8.

Gross debt after hedging

Variable rate Fixed rate

Total

(in € millions)

EUR

1,347

7,220

8,567

Other currencies

80

518

598

TOTAL

1,427

7,738

9,165

(in %)

16%

84%

100%

other financial liabilities Accrued interest and

217

Group debt structure 8.4.9.

TOTAL GROSS DEBT

9,382

and cross-currency swaps) was 3.4% at December 31, 2016, compared with 3.9% at December 31, 2015. The weighted average interest rate on total gross debt under IFRS and after hedging (interest rate swaps, currency swaps

Financial assets and liabilities 8.5. Financial assets and liabilities are classified as follows in accordance with IFRS 7: At December 31, 2016

fair value according to the IFRS 7 hierarchy Financial instruments at

Financial instruments at fair value

Other financial instruments

(in € millions)

liabilities measured Assets and

instru- ments Total financial value measured at fair

instru- ments Total financial

Total financial ments measured instru-

Financial profit or loss ments through instru-

assets for-sale financial Available-

and Loans recei- vables

amortized cost Liabilities at

at fair value

Balance sheet headings and

tives Qualifying deriva-

at fair value

Level 1 inputs inputs

Level 2 Level 3 inputs

(fair value option)

classes of instrument

Notes

Trade and other accounts receivable (3)

0

6,193

6,193

0

and surety Loans, deposits

(6)

0

521

521

0

Available-for-sale and other securities (6)

0

148

148

0

Derivatives recorded in assets

5

256

261

261

261

261

Cash and cash equivalents

3,738 3,738

3,738 2,209 1,529

3,738

TOTAL ASSETS

5

256 3,738 3,999

148 6,714

0 10,861 2,209 1,790

0 3,999

Trade and other accounts payable Long- and short-term debt Derivatives recorded in liabilities

(3)

0

(9,433) (9,433)

0

0

(9,307) (9,307)

0

(10)

(77)

(87)

(87)

(87)

(87)

TOTAL LIABILITIES

(10)

(77)

0 (87)

0

0 (18,740) (18,827)

0 (87)

0 (87)

TOTAL

(5)

179 3,738 3,912

148 6,714 (18,740) (7,966) 2,209 1,703

0 3,912

248

SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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