Modèle Word ddr danone

Main companies in terms of net income and consolidated net assets, fully consolidated but not 
wholly owned 
As a result of the buyouts carried out in recent years, non-controlling interests in companies that are fully consolidated but not wholly 
owned were not material as of December 31, 2019. 
Liabilities related to put options granted to non controlling interests 
Accounting principles 
Danone granted put options to third parties with non-controlling interests in certain consolidated subsidiaries, with these options giving 
the holders the right to sell part or all of their investment in these subsidiaries. These financial liabilities do not bear interest.
In accordance with IAS 32 Financial Instruments: Presentation, when non-controlling interests hold put options enabling them to sell 
their investment to the Group, a financial liability is recognized in an amount corresponding to the present value of the option strike 
price, and the counterpart of the liability arising from these obligations is: 
• 
on the one hand, a reduction in the carrying amount of the non-controlling interests;

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DANONE Consolidated financial statements 2019 16 
• 
on the other, a reduction in the equity 
– Group share for the amount of the liability that exceeds the carrying amount of the 
corresponding non-controlling interests. This item is adjusted at the end of each reporting period to reflect changes in the 
strike price of the options and the carrying amount of non-controlling interests. In the absence of specific provisions stipulated 
in IFRS, the Company has applied the recommendations issued by the AMF (Autorité des Marchés Financiers) in November 
2009. 
Changes during the period 
(in € millions) 
2018 
2019