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Title: Activities, risk factors and internal control Children: Item: Title: Activities Item: Title: Competition Item: Title: Risk factors Item: Title: Internal control and risk management procedures instituted by the Company Item: Title: 2017 Performance Children: Item: Title: 2017 Key Figures Item: Title: 2017 Highlights Item: Title: 2017 Income Statement Item: Title: 2017 Cash Flow and Balance Sheet Item: Title: Investment cycle and financing strategy Children: Item: Title: Investments Item: Title: Financing Strategy Item: Title: Innovation Children: Item: Title: Innovating and transforming the Group Item: Title: Relying on the Group’s teams contributing to innovation Item: Title: Leveraging external ecosystems Item: Title: Innovation preventing the global warming, improving healthcare and supporting digital transformation Item: Title: Some initiatives carried out in 2017 Item: Title: Innovation indicators concerning the Group as a whole Item: Title: Strategy and outlook Children: Item: Title: Strategy Item: Title: Outlook Item: Title: 2017 Sustainable Development Report Children: Item: Title: Introduction Item: Title: Prerequisites to action: safety, ethics and the respect of Human Rights Children: Item: Title: 1. Safety: Air Liquide’s priority Item: Title: 2. Ethics Item: Title: 3. Respect for Human Rights and the environment Item: Title: 4. Vigilance plan Item: Title: Sustainable Development strategy Children: Item: Title: 1. The Group’s ambition Item: Title: 2. Air Liquide’s main Sustainable Development stakes Item: Title: 3. The two lines of action of the Group’s Sustainable Development strategy Item: Title: 4. Background information Item: Title: 5. Strategy management and implementation Item: Title: The Corporate Sustainability Program Children: Item: Title: 1. Solutions for clean industry Item: Title: 2. Solutions for clean transport Item: Title: 3. Measures to promote local development Item: Title: Dialog with stakeholders Children: Item: Title: 1. The Air Liquide Foundation’s initiatives in favor of local communities Item: Title: 2. The long-term commitment of employees Item: Title: 3. Air Liquide and its shareholders: a long-term relationship Item: Title: 4. Listening to customers and patients Item: Title: 5. Sustainable procurement Item: Title: 6. Public sphere relationships: a constructive and transparent policy Item: Title: Extra-financial reporting and methodology Children: Item: Title: 1. Safety indicators Item: Title: 2. Environmental indicators Item: Title: 3. Specific indicators for the Home Healthcare activity linked to the issue of socially responsible bonds Item: Title: 4. Human Resources indicators Item: Title: 5. Reporting Methodology Item: Title: Independent verifier’s report Item: Title: Appendix Item: Title: Corporate Governance Children: Item: Title: Management and control Children: Item: Title: Board of Directors Item: Title: Executive Management and Executive Committee as of December 31, 2017 Item: Title: Composition, preparation and organisation of the work of the Board of Directors Children: Item: Title: Code of corporate governance Item: Title: Composition of the Board of Directors Item: Title: Independence of Board members Item: Title: Professional ethics of Directors - Rights and obligations of Directors Item: Title: Combination of the roles of Chairman and Chief Executive Officer Item: Title: Lead Director Item: Title: Role of the Board of Directors Item: Title: Limits on powers Item: Title: Functioning of the Board of Directors Item: Title: Participation of employee representatives on the Board of Directors Item: Title: Appraisal of the Board of Directors Item: Title: Executive session of the non-executive members of the Board of Directors Item: Title: The Board of Directors’ work in 2017 Item: Title: The Commitees of the Board of Directors Item: Title: Application of the AFEP/MEDEF Corporate Governance Code: summary table Item: Title: Shareholder relations working group Item: Title: Participation by shareholders at the Shareholders’ Meeting Item: Title: Delegations of authority granted by the Shareholders’ Meeting Item: Title: Information concerning members of the Board of Directors and Executive Management Item: Title: Remuneration of the Executive Officers and Directors of L’ Air Liquide S.A. Children: Item: Title: Summary of the remuneration of the General Management Item: Title: 2017: Total annual remuneration (fixed remuneration, variable remuneration, LTI) Item: Title: 2018: Total annual remuneration (fixed remuneration, variable remuneration, LTI) of the Chairman a Item: Title: Long-term commitments Item: Title: Commitments relating to termination of duties Item: Title: Remuneration of the non-Executive Directors - Directors’ fees Item: Title: Elements of the 2017 remuneration of the Executive Officers on which the Annual Shareholders’ Meetin Item: Title: Principles and criteria for the determination, allocation and distribution of the fixed, variable an Item: Title: Description of the stock option and performance share plans Children: Item: Title: Allotment policy Item: Title: Stock option plans Item: Title: Performance share plans Item: Title: Employee savings and share ownership Children: Item: Title: Profit-sharing Item: Title: Employee share ownership Item: Title: Transactions involving Company shares performed by Executive Officers in accordance with article L. 621-18-2 of the French Monetary and Financial Code Item: Title: Factors that may have an impact in the event of a takeover bid Children: Item: Title: Board of Directors’ powers Item: Title: Agreements that may be modified or terminated in the event of a change of control of the Company Item: Title: Agreements providing indemnities for Board members or employees if they resign or are dismissed wit Item: Title: Financial statements Children: Item: Title: Consolidated financial statements Children: Item: Title: Consolidated income statement Item: Title: Statement of net income and gains and losses recognized directly in equity Item: Title: Consolidated balance sheet Item: Title: Consolidated cash flow statement Item: Title: Consolidated statement of changes in equity Item: Title: Accounting principles Item: Title: Basis for presentation of financial information Item: Title: Notes to the consolidated financial statements for the year ended December 31, 2017 Children: Item: Title: Note 1 Significant events Item: Title: Note 2 Airgas Acquisition Item: Title: Note 3 Discontinued operations Item: Title: Note 4 Segment information Item: Title: Note 5 Revenue Item: Title: Note 6 Operating income recurring and expenses Item: Title: Note 7 Other non-recurring operating income and expenses Item: Title: Note 8 Net finance costs and other financial income and expenses Item: Title: Note 9 Income taxes Item: Title: Note 10 Net earnings per share Item: Title: Note 11 Dividend per share Item: Title: Note 12 Goodwill Item: Title: Note 13 Other intangible assets Item: Title: Note 14 Property, plant and equipment Item: Title: Note 15 Non-current financial assets Item: Title: Note 16 Investments in associates Item: Title: Note 17 Deferred taxes Item: Title: Note 18 Inventories and work-in-progress Item: Title: Note 19 Trade receivables Item: Title: Note 20 Working capital requirement Item: Title: Note 21 Other current assets Item: Title: Note 22 Cash and cash equivalents Item: Title: Note 23 Shareholders’ equity Item: Title: Note 24 Provisions, pensions and other employee benefits Item: Title: Note 25 Employee benefit obligations Item: Title: Note 26 Borrowings Item: Title: Note 27 Financial risk policy and management Item: Title: Note 28 Other liabilities (non-current/current) Item: Title: Note 29 Trade payables Item: Title: Note 30 Related party disclosures Item: Title: Note 31 Commitments Item: Title: Note 32 Contingent liabilities Item: Title: Note 33 Greenhouse gas emission quotas Item: Title: Note 34 Post-balance sheet events Item: Title: Foreign exchange rates and main consolidated companies Item: Title: Statutory Auditors’ offices and fees Item: Title: Statutory Auditors’ Report on the consolidated financial statements Item: Title: Statutory accounts of the parent company Children: Item: Title: Income statement Item: Title: Balance sheet Item: Title: Notes to the statutory accounts Item: Title: Statutory Auditors’ Report on the annual financial statements Item: Title: Five-year summary of Company results Item: Title: Annual General Meeting 2018 Children: Item: Title: Board of Directors’ Report on the resolutions presented to the Combined Shareholders’ Meeting – May 16, 2018 Children: Item: Title: Results for the fiscal year Item: Title: Information on share capital Item: Title: Investments and acquisition of controlling interests Item: Title: Resolutions within the authority of the Ordinary Shareholders’ Meeting Item: Title: Resolutions within the authority of the Extraordinary Shareholders’ Meeting Item: Title: Resolutions presented for the approval of the Combined Shareholders’ Meeting – May 16, 2018 Children: Item: Title: Ordinary Shareholders’ Meeting Item: Title: Extraordinary Shareholders’ Meeting Item: Title: Ordinary Shareholders’ Meeting Item: Title: Statutory Auditors’ Reports Children: Item: Title: Statutory Auditors’ Special 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