270 / 330
WWW.SAINT-GOBAIN.COM
9
FINANCIAL AND ACCOUNTING INFORMATION
3. Compagnie de Saint-Gobain annual financial statements (parent company)
270
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
Wendel.
part of an accelerated bookbuilding process completed by
which 10 million shares were bought back on May 3, 2016, as
total of €417 million (€43.7 million aggregate par value) of
10,920,230 treasury shares with a par value of €4 each, for a
During 2016, Compagnie de Saint-Gobain bought back
Of these 10,920,230 treasury shares:
€41.7 million par value;
cancellation, for an amount of €400,5 million, of which
10,420,230 shares have been allocated as shares for
performance share plans and other allocation to employees.
allocated to marketable securities held for the coverage of
€16,5 million, of which €2 million par value, has been
the balance of 500,000 shares, for an amount of
10,984,088 shares were cancelled on May 30, 2016.
of existing purchase stock option plans.
In 2015 and in 2016, no treasury shares were remitted as part
1,230,716 treasury shares, all allocated to the coverage of
At December 31, 2016, Compagnie de Saint-Gobain held
(see Note 9 “Marketable securities”).
performance share plans and other allocation to employees
CURRENT ASSETS
NOTE 9
Maturities of receivables reported under “Current assets”
(in EUR thousand)
Gross
Due
Within 1 year
Beyond 1 year
Other receivables
2,164,749
2,164,377
372
Prepayments
836
836
0
TOTAL
2,165,585
2,165,213
372
Provision for doubtful receivables
-
-
-
Analysis of “Other receivables”
(in EUR thousand)
2016
2015
Current account advances to subsidiaries
1,886,234
1,204,402
Mark-to-market adjustments to swaps and options
(1)
233,402
256,211
Accounts receivable - Group
27,492
21,796
Income tax prepayments
11,626
7,518
Accounts receivable - External companies
1,348
957
Accruals for income and credit notes receivable - Group
1,280
1,201
Tax receivables
1,277
2,791
Prepayments to suppliers
788
247
Withholding taxes
0
95
Other
1,302
2,149
TOTAL
2,164,749
1,497,367
representing credit entries are recorded as liabilities on the balance sheet under “Other payables”.
All mark-to-market adjustments to swaps and options that represent debit entries are recorded as assets on the balance sheet under “Other receivables” and those
(1)
Marketable securities
December 31, 2016.
Marketable securities amounted to €1,982 million at
market funds, representing the investment of funds held by
They consist mainly of €1,934 million worth of units in money
Group to yield a return on temporary cash surpluses.
the cash pool managed by the Company on behalf of the
cover employee share-based payment plans.
The securities also include 1,230,716 treasury shares held to
came into effect on December 3, 2007 for an initial period
recognized by the Autorité des marchés financiers (AMF). It
française des marches financiers (AMAFI), which is
complies with the code of ethics issued by the Association
November 16, 2007 with Exane BNP Paribas. This agreement
liquidity agreement the Company entered into on
Finally, marketable securities include those held under a
automatically renewable.
ending on December 31, 2007, since when it has been