SAINT_GOBAIN_REGISTRATION_DOCUMENT_2017
Financial and accounting information 2017 Consolidated financial statements
Non-cancelable purchase commitments 3.6.3. Non-cancelable purchase commitments include contractual commitments to purchase raw materials and services along with firm orders for property, plant and equipment and intangible assets.
Payments due by period
Total 2016
Total 2017
Due within 1 year
Due in 1 to 5 years Due beyond 5 years
(inɸ€ millions)
Property, plant and equipment and intangible assets
48
45
3
0
49
Commodities and energy
1,308
354
669
285
1,080
Services
157
63
81
13
184
TOTAL
1,513
462
753
298
1,313
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.
The Group also receives guarantees, amounting to €78 million at December 31, 2017 (December 31, 2016: €93 million).
Commercial commitments 3.6.5.
Commitment amounts by period
Total 2016
Total 2017
Due within 1 year
Due in 1 to 5 years Due beyond 5 years
(inɸ€ millions)
Security for borrowings Other commitments given
39
17 88
12
10 29 39
41
237 276
120 132
214 255
TOTAL
105
Guarantees given to the Group in respect of receivables totaled €104 million at December 31, 2017 (December 31, 2016: €105 million). At December 31, 2017, pledged assets represented €330 million (December 31, 2016: €343 million). This change is primarily due to a decrease in pledges of property, plant and equipment in Brazil. Other commitments 3.6.6. A provision for greenhouse gas emissions allowances is recorded in the consolidated financial statements to cover
any shortage between the Group’s emissions and the allowances granted. Greenhouse gas emissions allowances allocated to the Group’s companies in 2017 represented approximately 3.2 million metric tons of CO 2 . The new 2018 allowances will be added to the residual inventory of prior allocations and will cover the level of greenhouse gas emissions for the year. As a result, no provision has been recorded in this respect in the Group’s financial statements.
NOTE 4
EMPLOYEES, PERSONNEL EXPENSES AND EMPLOYEE BENEFIT
OBLIGATIONS
Employees of fully consolidated 4.1. companies b 2017
Management compensation 4.2. Direct and indirect compensation and benefits paid to members of the Board of Directors and the Group’s senior management were as follows in 2017 and 2016: (in € millions) 2017 2016 Attendance fees 1.1 1.1 Direct and indirect compensation (gross) Fixed portion 8.6 8.9 Variable portion 5.8 4.4
9
2016
Managerial-grade employees Administrative employees
28,991 75,664 71,795
27,677 74,202 70,184
Other employees
TOTAL AVERAGE NUMBER OF EMPLOYEES
176,450
172,063
Estimated cost of pensions and other employee benefit obligations (IAS 19) Share-based payment expense (IFRS 2) Termination, retirement and other benefits
The total number of Group employees for fully consolidated companies was 179,149 at December 31, 2017 and 172,696 at December 31, 2016.
3.2
3.4 8.5
11.1
0,1
0,0
TOTAL
29,9
26,3
235 SAINT-GOBAIN - REGISTRATION DOCUMENT 2017
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