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9
FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
216
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
Other business income and expense
3.1.3
movements in provisions for claims and litigation and
Other business income and expense mainly include
reduction measures.
discontinuation of operations and the costs of workforce
impairment, restructuring costs incurred upon the disposal or
environmental matters, disposal gains and losses, asset
follows:
Other business income and expense can be analyzed as
(in € millions)
2016
2015
Restructuring costs
(a)
(144)
(179)
Provisions and expenses relating to claims and
litigation
(b)
(134)
(125)
Other
(c)
(34)
(40)
NON-OPERATING INCOME AND EXPENSE
(312)
(344)
Impairment of assets
(d)
(200)
(929)
Other business expense
(e)
(63)
(118)
IMPAIRMENT OF ASSETS AND OTHER BUSINESS
EXPENSE
(263) (1,047)
AND EQUIPMENT AND INTANGIBLE ASSETS
GAINS ON DISPOSALS OF PROPERTY, PLANT
61
49
AND IMPAIRMENT OF ASSETS
OTHER BUSINESS INCOME AND EXPENSE
(202)
(998)
OTHER BUSINESS INCOME AND EXPENSE
(514) (1,342)
€76 million (€106 million in 2015).
Restructuring costs in 2016 mainly consist of retirement benefits totaling
(a)
concerned asbestos-related litigation.
liabilities and provisions, contingent liabilities and litigation” chiefly
litigation as detailed and explained in Note 7 “Other current and non-current
In both 2016 and 2015, movements in provisions and expenses relating to
(b)
In 2016, the “Other” line as detailed and explained in Note 7 “Other current
(c)
mainly relates to environmental litigation costs.
and non-current liabilities and provisions, contingent liabilities and litigation”
combinations (€52 million in 2015).
current assets and acquisition fees incurred in connection with business
intangible assets (€720 million in 2015), and €11 million on financial assets,
(€157 million in 2015), €176 million on property, plant and equipment and
Impairment losses on assets in 2016 include €13 million on goodwill
(d)
losses on assets divested or scrapped.
Other business expense in both 2016 and 2015 relates primarily to capital
(e)
Business income
3.1.4
and income taxes.
income of non-core business equity-accounted companies,
financial income and expense, the Group’s share in net
Business income includes all income and expenses other than
Business income is detailed by type below:
(in € millions)
2016
2015
NET SALES
39,093 39,623
Personnel expenses:
Salaries and payroll taxes
(7,819) (7,746)
Share-based payments
(a)
(30)
(21)
Pensions and employee benefit obligations
(a)
(197)
(180)
Depreciation and amortization
(1,180) (1,208)
Share in net income of core business
equity-accounted companies
31
43
Other
(b)
(27,080) (27,875)
OPERATING INCOME
2,818 2,636
Other business income
61
49
Other business expense
(575)
(1,391)
OTHER BUSINESS INCOME AND EXPENSE
(514) (1,342)
BUSINESS INCOME
2,304 1,294
employee benefit obligations”.
benefit expense are detailed in Note 4 “Employees, personnel expenses and
Share-based payments (IFRS 2 expense) and details of changes in employee
(a)
2015).
operating expenses, amounting to €440 million in 2016 (€435 million in
This item also includes research and development costs recorded under
costs, raw materials costs, and other production costs for the other sectors.
and selling expenses for the Building Distribution Sector, and to transport
The “Other” operating income line relates to cost of sales, supplier discounts
(b)