Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION

3. Compagnie de Saint-Gobain annual financial statements (parent company)

NOTE 12

PROVISIONS

of surplus provisions Write-backs

Write-backs of utilized provisions

Other (transfers)

At December 31, 2016

2016 At January 1,

Charge for the year

(in EUR thousand)

Untaxed provisions Reinvested capital gains

3,247

3,247

Other

0

0

3,247

0

0

0

0

3,247

Provisions for contingencies Provisions for taxes

111,583

3,045

(30,956)

(250)

83,422

Provisions for stock option plan costs

0

0

Provisions for other contingencies

2,526

391

(195)

0

(1,025)

1,697

114,109

3,436

(195)

(30,956)

(1,275)

85,119

Provisions for charges Provisions for pensions and other post-employment benefit obligations (1) Provisions for performance share and performance unit plan costs

112,830

22,996

(2,775)

(974)

132,077

65,621

27,847

(14,834)

78,634

Provisions for other charges

1,564

196

(1,001)

(68)

691

180,015

51,039

(18,610)

0

(1,042)

211,402

Provisions for impairment Investments in subsidiaries and affiliates

30,079

(11)

30,068

Other investment securities

102

102

Doubtful receivables

0

0

Marketable securities

0

0

30,181

0

0

(11)

0

30,170

Impact on operating income

22,990

(2,776)

(974)

Impact on net financial income

(11)

Impact on exceptional items

31,485

(16,029)

(30,956)

(1,343)

The Company’s obligations with respect to supplementary pension plans and other post-employment benefits are measured using the actuarial method of projected (1) unit credits based on end-of-career salaries and employees’ vested rights at the measurement date. Actuarial gains and losses arising in the year under defined-benefit retirement plans are recognized immediately and in full in the income statement. The discount rate used was 1.80% in 2016, and 2.40% in 2015.

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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