Saint Gobain - Registration document 2016

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9 FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
250 SAINT-GOBAIN - REGISTRATION DOCUMENT 2016
Saint-Gobain shares held or controlled by Compagnie
de Saint-Gobain and Saint-Gobain Corporation are shown as
a deduction from equity under “Treasury stock” at acquisition
cost.
The liquidity agreement signed with Exane BNP Paribas on
November 16, 2007 and implemented on December 3, 2007
for a period up to December 31, 2007 has been automatically
renewed since that date.
2015). Lastly, 10,984,088 shares were canceled in 2016
(13,000,000 shares in 2015).
(2,335,918 shares at December 31, 2015). In 2016, the Group
acquired 12,246,156 shares (15,050,261 shares in 2015) directly
on the market and sold 1,706,031 shares (1,223,943 shares in
At December 31, 2016, 1,891,955 shares were held in treasury
For the purposes of a compensation plan set up in
January 2008 for certain employees in the United States,
Compagnie de Saint-Gobain shares are held by a trust
administered by Wachovia Bank, National Association. In the
consolidated financial statements, these shares are treated as
being controlled by Saint-Gobain Corporation.
Earnings per share 9.2.
Group outstanding during the period.
Basic earnings per share are calculated by dividing net
income by the weighted average number of shares of the
Diluted earnings per share are calculated by adjusting
earnings per share and the average number of shares
outstanding for the effects of all potential dilutive common
shares, such as stock options and performance shares.
Basic and diluted earnings per share are as follows:
2016 2015
Basic Diluted Basic Diluted
Income (in € millions)
Group share of net income from continuing operations 1,311 1,311 374 374
Group share of net income from discontinued operations 0 0 921 921
GROUP SHARE OF NET INCOME 1,311 1,311 1,295 1,295
Number of shares
Weighted average number of shares in issue 554,624,285 562,001,188
Weighted average number of shares assuming full dilution 557,163,247 564,780,983
Earnings per share (in €)
Earnings per share from continuing operations, Group share 2.36 2.35 0.66 0.66
Earnings per share from discontinued operations, Group share 0.00 0.00 1.64 1.63
EARNINGS PER SHARE, GROUP SHARE 2.36 2.35 2.30 2.29
instruments. The Group’s dilutive instruments include stock
options and performance share grants corresponding to a The weighted average number of shares assuming full dilution
is calculated based on the weighted average number of
shares outstanding, assuming conversion of all dilutive
weighted average of 694,913 and 1,844,049 shares,
respectively, at December 31, 2016.
TAXES NOTE 10
Income taxes 10.1.
adjustments to current taxes recorded in previous financial
periods.
respect of income for a given period, calculated by reference
to the tax rates that have been enacted or substantively
enacted at the end of the reporting period, plus any
Current income tax is the estimated amount of tax payable in
The pre-tax income of consolidated companies is as follows:
(in € millions) 2016 2015
Net income 1,352 1,346
Less:
Share in net income of equity-accounted
companies 36 43
Net income from discontinued operations 0 929
Income taxes (416) (248)
COMPANIES
PRE-TAX INCOME OF CONSOLIDATED
1,732 622