Saint Gobain - Registration document 2016

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9 FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
222 SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
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
(in € millions)
Total 2016 Commitment amounts by period Total 2015
Due within 1 year Due in 1 to 5 years Due beyond 5 years
Security for borrowings 41 17 15 9 44
Other commitments given 214 83 97 34 158
TOTAL 255 100 112 43 202
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
Other commitments 3.6.6
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
level of greenhouse gas emissions for the year. As a result, no
provision has been recorded in this respect in the Group’s
metric tons of CO2. The new 2017 allowances will be added to
the residual inventory of prior allocations and will cover the
Greenhouse gas emissions allowances allocated to the Group’s
companies in 2016 represented approximately 3.6 million
financial statements.
EMPLOYEES, PERSONNEL EXPENSES AND EMPLOYEE BENEFIT NOTE 4
OBLIGATIONS
companies
Employees of fully consolidated 4.1
2016 2015*
Managerial-grade employees 27,677 26,936
Administrative employees 74,202 75,266
Other employees 70,184 71,042
TOTAL AVERAGE NUMBER OF EMPLOYEES 172,063 173,244
Data adjusted for suspended contracts. *
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
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
(in € millions) 2016 2015
Attendance fees 1.1 1.1
Direct and indirect compensation (gross)
Fixed portion 8.9 9.7
Variable portion 4.4 4.5
employee benefit obligations (IAS 19)
Estimated cost of pensions and other
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
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
management by the French and foreign companies in the
Group (excluding any long-term cash-settled compensation)