Michelin couv courteGB

CONSOLIDATED STATEMENTS
STATUTORY AUDITORS’ REPORTS
Consolidated Balance Sheet 66
Consolidated Statement of Income 68
Consolidated Statement of Cash Flows 69
Notes to the Consolidated Financial Statements 70
Statutory Auditors’ general Report
on the Financial Statements 94
Statutory Auditors’ special Report
on the Regulated Agreements 94
Statutory Auditors’ Report
on the Consolidated Financial Statements 95
Transition to International Financial
Accounting Standards 96
Statutory Auditors’ special Report
on the International Financial Reporting
Standards (IFRS) transition statements 105
ADDITIONAL INFORMATION
Corporate Governance: mandates,
compensation, stock options 106
Managing Partners’ special Report on stock options 109
Statutory Auditors 110
Risk Management 111
Economic performance target 117
Benefits 118
Company and environmental information 120