December 18, 2012

Amended Accounting Standard on Employee Benefits (IAS19R) applicable as from January 1, 2013

 

Amended Accounting Standard on Employee Benefits (IAS19R) applicable as from January 1, 2013

Paris, France – Tuesday December 18, 2012 – Sanofi (EURONEXT: SAN and NYSE: SNY) announced today that the amended IAS 19 issued by the IASB in June 2011 will be applicable as from January 1, 2013 to its consolidated financial statements as previously indicated in the annual report on Form 20-F. The comparative periods presented in the 2013 financial statements will require retrospective application of the new standard. The application of this change would have reduced business net income by € 47 million in 2011 and by approximately € 75 million in 2012. The impact of this change on Shareholders’ Equity would have been negligible.