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FINANCIAL AND ACCOUNTING INFORMATION
3. Compagnie de Saint-Gobain annual financial statements (parent company)
279
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
hard covenant.
Based on Saint-Gobain Group’s current credit rating for
long-term debt issues, the two facilities are not subject to any
Neither of these lines of credit was drawn down at
December 31, 2016.
RELATED PARTY TRANSACTIONS
NOTE 14
Transactions with related companies
14.1
(in EUR thousand)
Net amount concerning related companies
Other companies amount at 12/31/2016
Net balance sheet
(1)
subsidiaries
(2)
other related
companies
Balance sheet items
Investments in subsidiaries and affiliates
13,035,692
13,035,692
Loans and advances to subsidiaries and affiliates
12,557,738
12,557,738
Other investment securities
33
33
Loans
286,961
73,181
360,142
Other receivables
1,915,461
249,288
2,164,749
Marketable securities
43,133
1,939,244
1,982,377
Cash and cash equivalents
721,205
721,205
Bonds
7,800,066
7,800,066
Bank borrowings
63,707
63,707
Other borrowings
4,824,180
1,935
2,802
4,828,917
Tax and social charges payable
40,014
40,014
Other payables
242,550
460
42,262
285,272
Income statement items
Income from investments in subsidiaries and affiliates
915,743
915,743
Income from loans and other investments
363,004
7
363,011
Other interest income
6,088
6,088
Interest expense
6,280
322,218
328,498
Fully consolidated companies.
(1)
Companies that are not fully consolidated.
(2)
Transactions with other related parties
14.2
Following the decision, made by Wendel, to sell 30 million
Saint-Gobain took the decision to participate in the private
Saint-Gobain shares (representing approximately 5.3% of the
share capital) through an accelerated bookbuilding process,
decided, during its April 28, 2016 meeting, to authorize the
Chairman and Chief Executive Officer to proceed with the
placement in order to decrease the number of outstanding
shares, in line with its objectives. The Board of Directors thus
share buyback program authorized by Saint-Gobain’s
shareholders at the AGM of June 4, 2015 (11th resolution).
purchase of 10 million of its own shares (representing
approximately 1.8% of its share capital) within the frame of its
This buyback was made at the placement price on May 3,
2016, for an amount of €385 million, and the shares acquired
were cancelled on May 30, 2016.
There are no other material transactions with other related
parties.