Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

other countries represented considerably smaller amounts. €42 million in Brazil. Deferred tax liabilities recognized in

tax consolidation ensures that deferred tax can be recovered. period of 20 years, and to France, Germany and Spain, where expiry dates. However, after analyzing each situation, the In these countries, tax loss carry-forwards may have indefinite the recovery period is shorter than the maximum utilization 2015. This principally relates to the United States, for which Group may decide to not recognize the deferred tax assets. not considered probable totaled €393 million (€427 million at full amount. Unrecognized deferred tax assets chiefly relate December 31, 2015) and a provision had been accrued for the to China, Germany, the United States, Belgium and Spain. At December 31, 2016, deferred tax assets whose recovery is December 31, 2016, against €780 million at December 31, carry-forwards for a net amount of €765 million at The Group recognized deferred income tax assets on loss

Tax loss carry-forwards 10.3.

applied in each country. and the strategy for the long-term recovery of tax losses probable recovery period based on business plan projections Group applies a range of criteria that take into account the recognize deferred tax assets for tax loss carry-forwards, the difference can be utilized. In determining whether to are reviewed at the end of each reporting period and written be sufficient taxable income against which the temporary down to the extent that it is no longer probable that there will Deferred tax assets are recognized only if it is considered against which the temporary difference can be utilized. They probable that there will be sufficient future taxable income

NOTE 11

SUBSEQUENT EVENTS

None.

NOTE 12

FEES PAID TO THE STATUTORY AUDITORS

Total fees paid to the Statutory Auditors and recognized in the income statement in 2016 and 2015 are detailed in the “Additional information and cross-reference tables” section of the Registration Document.

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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