36. Supplemental Guarantor Information

The following consolidating information presents Condensed Consolidated Balance Sheets as at 31 December 2018 and 2017 and Condensed Consolidated Income Statements and Condensed Consolidated Statements of Comprehensive Income and Condensed Consolidated Statements of Cash Flow for the years ended 31 December 2018, 2017 and 2016 of the Company and CRH America, Inc. as required by Article 3-10(c) of Regulation S-X. This information is prepared in accordance with IFRS with the exception that the subsidiaries are accounted for as investments under the equity method rather than being consolidated. CRH America, Inc. is 100% owned by the Company. The Guarantees of the Guarantor are full and unconditional. CRH plc also fully and unconditionally guarantees securities issued by CRH America Finance, Inc., which is a 100% owned finance subsidiary of CRH plc.

CRH America, Inc. (the ‘Issuer’) has the following notes which are fully and unconditionally guaranteed by CRH plc (the ‘Guarantor’):

US$400 million 5.750% Notes due 2021 – listed on the NYSE

US$1,250 million 3.875% Notes due 2025 – listed on Euronext Dublin

US$300 million 6.40% Notes due 2033 – listed on Euronext Dublin (i)

US$500 million 5.125% Notes due 2045 – listed on Euronext Dublin

(i)	Originally issued as a US$300 million bond in September 2003. Subsequently in August 2009 and December 2010, US$87.445 million of the issued notes were acquired by CRH plc as part of liability management exercises undertaken.

Supplemental Condensed Consolidated Balance Sheet as at 31 December 2018


	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
ASSETS
Non-current assets
Property, plant and equipment		-		-		15,761		-		15,761
Intangible assets		-		-		8,433		-		8,433
Subsidiaries		14,892		572		1,682		(17,146)		-
Investments accounted for using the equity method		-		-		1,163		-		1,163
Advances to subsidiaries and parent undertakings		-		3,550		-		(3,550)		-
Other financial assets		-		-		23		-		23
Other receivables		-		-		181		-		181
Derivative financial instruments		-		-		30		-		30
Deferred income tax assets		-		-		71		-		71
Total non-current assets		14,892		4,122		27,344		(20,696)		25,662

Current assets
Inventories		-		-		3,061		-		3,061
Trade and other receivables		-		-		4,074		-		4,074
Advances to subsidiaries and parent undertakings		1,233		-		507		(1,740)		-
Current income tax recoverable		-		-		15		-		15
Derivative financial instruments		-		-		15		-		15
Cash and cash equivalents		411		-		1,935		-		2,346
Total current assets		1,644		-		9,607		(1,740)		9,511

Total assets		16,536		4,122		36,951		(22,436)		35,173

EQUITY
Capital and reserves attributable to the Company’s equity holders		16,029		1,950		15,196		(17,146)		16,029
Non-controlling interests		-		-		525		-		525
Total equity		16,029		1,950		15,721		(17,146)		16,554

LIABILITIES
Non-current liabilities
Interest-bearing loans and borrowings		-		2,098		6,600		-		8,698
Derivative financial instruments		-		16		2		-		18
Deferred income tax liabilities		-		-		2,209		-		2,209
Other payables		-		-		472		-		472
Advances from subsidiary and parent undertakings		-		-		3,550		(3,550)		-
Retirement benefit obligations		-		-		424		-		424
Provisions for liabilities		-		-		719		-		719
Total non-current liabilities		-		2,114		13,976		(3,550)		12,540

Current liabilities
Trade and other payables		-		21		4,588		-		4,609
Advances from subsidiary and parent undertakings		507		-		1,233		(1,740)		-
Current income tax liabilities		-		-		443		-		443
Interest-bearing loans and borrowings		-		37		581		-		618
Derivative financial instruments		-		-		41		-		41
Provisions for liabilities		-		-		368		-		368
Total current liabilities		507		58		7,254		(1,740)		6,079

Total liabilities		507		2,172		21,230		(5,290)		18,619

Total equity and liabilities		16,536		4,122		36,951		(22,436)		35,173

Supplemental Condensed Consolidated Balance Sheet as at 31 December 2017


	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
ASSETS
Non-current assets
Property, plant and equipment		-		-		13,094		-		13,094
Intangible assets		-		-		7,214		-		7,214
Subsidiaries		8,658		458		1,682		(10,798)		-
Investments accounted for using the equity method		-		-		1,248		-		1,248
Advances to subsidiaries and parent undertakings		-		3,627		-		(3,627)		-
Other financial assets		-		-		25		-		25
Other receivables		-		-		156		-		156
Derivative financial instruments		-		-		30		-		30
Deferred income tax assets		-		-		95		-		95
Total non-current assets		8,658		4,085		23,544		(14,425)		21,862

Current assets
Inventories		-		-		2,715		-		2,715
Trade and other receivables		-		4		3,626		-		3,630
Advances to subsidiaries and parent undertakings		6,141		-		704		(6,845)		-
Current income tax recoverable		-		-		165		-		165
Derivative financial instruments		-		4		30		-		34
Cash and cash equivalents		401		-		1,714		-		2,115
Assets held for sale		-		-		1,112		-		1,112
Total current assets		6,542		8		10,066		(6,845)		9,771

Total assets		15,200		4,093		33,610		(21,270)		31,633

EQUITY
Capital and reserves attributable to the Company’s equity holders		14,491		1,797		9,001		(10,798)		14,491
Non-controlling interests		-		-		486		-		486
Total equity		14,491		1,797		9,487		(10,798)		14,977

LIABILITIES
Non-current liabilities
Interest-bearing loans and borrowings		-		2,020		5,640		-		7,660
Derivative financial instruments		-		3		-		-		3
Deferred income tax liabilities		-		-		1,666		-		1,666
Other payables		-		-		226		-		226
Advances from subsidiary and parent undertakings		-		-		3,627		(3,627)		-
Retirement benefit obligations		-		-		377		-		377
Provisions for liabilities		-		-		693		-		693
Total non-current liabilities		-		2,023		12,229		(3,627)		10,625

Current liabilities
Trade and other payables		3		29		4,502		-		4,534
Advances from subsidiary and parent undertakings		704		-		6,141		(6,845)		-
Current income tax liabilities		-		-		458		-		458
Interest-bearing loans and borrowings		2		244		70		-		316
Derivative financial instruments		-		-		11		-		11
Provisions for liabilities		-		-		371		-		371
Liabilities associated with assets classified as held for sale		-		-		341		-		341
Total current liabilities		709		273		11,894		(6,845)		6,031

Total liabilities		709		2,296		24,123		(10,472)		16,656

Total equity and liabilities		15,200		4,093		33,610		(21,270)		31,633

Supplemental Condensed Consolidated Income Statement


	Year ended 31 December 2018
	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
Revenue		-		-		26,790		-		26,790
Cost of sales		-		-		(18,152)		-		(18,152)
Gross profit		-		-		8,638		-		8,638
Operating income/(costs)		1,741		-		(8,202)		-		(6,461)
Group operating profit		1,741		-		436		-		2,177
Loss on disposals		(15)		-		(9)		-		(24)
Profit before finance costs		1,726		-		427		-		2,153
Finance costs		-		(224)		(346)		231		(339)
Finance income		1		231		33		(231)		34
Other financial expense		-		-		(46)		-		(46)
Share of subsidiaries’ profit before tax		71		115		-		(186)		-
Share of equity accounted investments’ profit		60		-		60		(60)		60
Profit before tax from continuing operations		1,858		122		128		(246)		1,862
Income tax expense		(426)		(32)		(394)		426		(426)
Group profit for the financial year from continuing operations		1,432		90		(266)		180		1,436
Profit after tax for the financial year from discontinued operations		1,085		-		1,085		(1,085)		1,085
Group profit for the financial year		2,517		90		819		(905)		2,521

Profit attributable to:
Equity holders of the Company
From continuing operations		1,432		90		(270)		180		1,432
From discontinued operations		1,085		-		1,085		(1,085)		1,085
Non-controlling interests
From continuing operations		-		-		4		-		4
Group profit for the financial year		2,517		90		819		(905)		2,521

Supplemental Condensed Consolidated Statement of Comprehensive Income
Group profit for the financial year		2,517		90		819		(905)		2,521
Other comprehensive income
Items that may be reclassified to profit or loss in subsequent years:
Currency translation effects		277		63		213		(277)		276
Losses relating to cash flow hedges		(40)		-		(40)		40		(40)
Tax relating to cash flow hedges		5		-		5		(5)		5
		242		63		178		(242)		241
Items that will not be reclassified to profit or loss in subsequent years:
Remeasurement of retirement benefit obligations		10		-		10		(10)		10
Tax relating to retirement benefit obligations		(1)		-		(1)		1		(1)
		9		-		9		(9)		9

Total other comprehensive income for the financial year		251		63		187		(251)		250

Total comprehensive income for the financial year		2,768		153		1,006		(1,156)		2,771

Attributable to:
Equity holders of the Company		2,768		153		1,003		(1,156)		2,768
Non-controlling interests		-		-		3		-		3
Total comprehensive income for the financial year		2,768		153		1,006		(1,156)		2,771

Supplemental Condensed Consolidated Income Statement


	Year ended 31 December 2017
	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
Revenue		-		-		25,220		-		25,220
Cost of sales		-		-		(16,903)		-		(16,903)
Gross profit		-		-		8,317		-		8,317
Operating income/(costs)		22		-		(6,244)		-		(6,222)
Group operating profit		22		-		2,073		-		2,095
Profit on disposals		-		-		56		-		56
Profit before finance costs		22		-		2,129		-		2,151
Finance costs		-		(235)		(308)		242		(301)
Finance income		2		242		10		(242)		12
Other financial expense		-		-		(60)		-		(60)
Share of subsidiaries’ profit before tax		1,754		83		-		(1,837)		-
Share of equity accounted investments’ profit		65		-		65		(65)		65
Profit before tax from continuing operations		1,843		90		1,836		(1,902)		1,867
Income tax expense		(55)		(29)		(26)		55		(55)
Group profit for the financial year from continuing operations		1,788		61		1,810		(1,847)		1,812
Profit after tax for the financial year from discontinued operations		107		-		107		(107)		107
Group profit for the financial year		1,895		61		1,917		(1,954)		1,919

Profit attributable to:
Equity holders of the Company
From continuing operations		1,788		61		1,786		(1,847)		1,788
From discontinued operations		107		-		107		(107)		107
Non-controlling interests
From continuing operations		-		-		24		-		24
Group profit for the financial year		1,895		61		1,917		(1,954)		1,919

Supplemental Condensed Consolidated Statement of Comprehensive Income
Group profit for the financial year		1,895		61		1,917		(1,954)		1,919
Other comprehensive income
Items that may be reclassified to profit or loss in subsequent years:
Currency translation effects		(1,015)		(186)		(890)		1,015		(1,076)
Gains relating to cash flow hedges		8		-		8		(8)		8
		(1,007)		(186)		(882)		1,007		(1,068)
Items that will not be reclassified to profit or loss in subsequent years:
Remeasurement of retirement benefit obligations		114		-		114		(114)		114
Tax on items recognised directly within other comprehensive income		(33)		-		(33)		33		(33)
		81		-		81		(81)		81

Total other comprehensive income for the financial year		(926)		(186)		(801)		926		(987)

Total comprehensive income for the financial year		969		(125)		1,116		(1,028)		932

Attributable to:
Equity holders of the Company		969		(125)		1,153		(1,028)		969
Non-controlling interests		-		-		(37)		-		(37)
Total comprehensive income for the financial year		969		(125)		1,116		(1,028)		932

Supplemental Condensed Consolidated Income Statement


	Year ended 31 December 2016
	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
Revenue		-		-		24,789		-		24,789
Cost of sales		-		-		(16,566)		-		(16,566)
Gross profit		-		-		8,223		-		8,223
Operating income/(costs)		20		-		(6,335)		-		(6,315)
Group operating profit		20		-		1,888		-		1,908
Profit on disposals		-		-		53		-		53
Profit before finance costs		20		-		1,941		-		1,961
Finance costs		-		(266)		(334)		275		(325)
Finance income		2		275		6		(275)		8
Other financial expense		-		-		(66)		-		(66)
Share of subsidiaries’ profit before tax		1,529		95		-		(1,624)		-
Share of equity accounted investments’ profit		42		-		42		(42)		42
Profit before tax from continuing operations		1,593		104		1,589		(1,666)		1,620
Income tax expense		(431)		(41)		(390)		431		(431)
Group profit for the financial year from continuing operations		1,162		63		1,199		(1,235)		1,189
Profit after tax for the financial year from discontinued operations		81		-		81		(81)		81
Group profit for the financial year		1,243		63		1,280		(1,316)		1,270

Profit attributable to:
Equity holders of the Company
From continuing operations		1,162		63		1,172		(1,235)		1,162
From discontinued operations		81		-		81		(81)		81
Non-controlling interests
From continuing operations		-		-		27		-		27
Group profit for the financial year		1,243		63		1,280		(1,316)		1,270



Supplemental Condensed Consolidated Statement of Comprehensive Income

Group profit for the financial year		1,243		63		1,280		(1,316)		1,270

Other comprehensive income
Items that may be reclassified to profit or loss in subsequent years:
Currency translation effects		(71)		49		(131)		71		(82)
Gains relating to cash flow hedges		14		-		14		(14)		14
		(57)		49		(117)		57		(68)
Items that will not be reclassified to profit or loss in subsequent years:
Remeasurement of retirement benefit obligations		(61)		-		(61)		61		(61)
Tax on items recognised directly within other comprehensive income		3		-		3		(3)		3
		(58)		-		(58)		58		(58)

Total other comprehensive income for the financial year		(115)		49		(175)		115		(126)

Total comprehensive income for the financial year		1,128		112		1,105		(1,201)		1,144

Attributable to:
Equity holders of the Company		1,128		112		1,089		(1,201)		1,128
Non-controlling interests		-		-		16		-		16
Total comprehensive income for the financial year		1,128		112		1,105		(1,201)		1,144

Supplemental Condensed Consolidated Statement of Cash Flow


	Year ended 31 December 2018
	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
Cash flows from operating activities
Profit before tax from continuing operations		1,858		122		128		(246)		1,862
Profit before tax from discontinued operations		1,558		-		1,558		(1,558)		1,558
Profit before tax		3,416		122		1,686		(1,804)		3,420
Finance costs (net)		(1)		(7)		359		-		351
Share of subsidiaries’ profit before tax		(1,629)		(115)		-		1,744		-
Share of equity accounted investments’ profit		(60)		-		(60)		60		(60)
Loss/(profit) on disposals		15		-		(1,554)		-		(1,539)
Group operating profit		1,741		-		431		-		2,172
Depreciation charge		-		-		1,071		-		1,071
Amortisation of intangible assets		-		-		61		-		61
Impairment charge		-		-		56		-		56
Share-based payment (income)/expense		(13)		-		80		-		67
Other (primarily pension payments)		-		-		(67)		-		(67)
Net movement on working capital and provisions		-		(4)		(459)		-		(463)
Cash generated from operations		1,728		(4)		1,173		-		2,897
Interest paid (including finance leases)		-		(224)		(342)		231		(335)
Corporation tax paid		-		(32)		(631)		-		(663)
Net cash inflow/(outflow) from operating activities		1,728		(260)		200		231		1,899

Cash flows from investing activities
Proceeds from disposals (net of cash disposed and deferred proceeds)		-		-		3,009		-		3,009
Interest received		1		231		33		(231)		34
Dividends received from equity accounted investments		-		-		48		-		48
Purchase of property, plant and equipment		-		-		(1,121)		-		(1,121)
Advances from subsidiary and parent undertakings		(184)		241		238		(295)		-
Acquisition of subsidiaries (net of cash acquired)		-		-		(3,505)		-		(3,505)
Other investments and advances		-		-		(2)		-		(2)
Deferred and contingent acquisition consideration paid		-		-		(55)		-		(55)
Net cash (outflow)/inflow from investing activities		(183)		472		(1,355)		(526)		(1,592)

Cash flows from financing activities
Proceeds from issue of shares (net)		11		-		-		-		11
Proceeds from exercise of share options		7		-		-		-		7
Advances to subsidiary and parent undertakings		(238)		-		(57)		295		-
Increase in interest-bearing loans, borrowings and finance leases		-		31		1,403		-		1,434
Net cash flow arising from derivative financial instruments		-		-		6		-		6
Treasury/own shares purchased		(792)		-		-		-		(792)
Repayment of interest-bearing loans, borrowings and finance leases		(2)		(243)		(1)		-		(246)
Dividends paid to equity holders of the Company		(521)		-		-		-		(521)
Dividends paid to non-controlling interests		-		-		(12)		-		(12)
Net cash (outflow)/inflow from financing activities		(1,535)		(212)		1,339		295		(113)

Increase in cash and cash equivalents		10		-		184		-		194

Reconciliation of opening to closing cash and cash equivalents
Cash and cash equivalents at 1 January		401		-		1,734		-		2,135
Translation adjustment		-		-		17		-		17
Increase in cash and cash equivalents		10		-		184		-		194
Cash and cash equivalents at 31 December		411		-		1,935		-		2,346

Supplemental Condensed Consolidated Statement of Cash Flow


	Year ended 31 December 2017
	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m		CRH and subsidiaries €m
Cash flows from operating activities
Profit before tax from continuing operations		1,843		90		1,836		(1,902)		1,867
Profit before tax from discontinued operations		146		-		146		(146)		146
Profit before tax		1,989		90		1,982		(2,048)		2,013
Finance costs (net)		(2)		(7)		358		-		349
Share of subsidiaries’ profit before tax		(1,900)		(83)		-		1,983		-
Share of equity accounted investments’ profit		(65)		-		(65)		65		(65)
Profit on disposals		-		-		(59)		-		(59)
Group operating profit		22		-		2,216		-		2,238
Depreciation charge		-		-		1,006		-		1,006
Amortisation of intangible assets		-		-		66		-		66
Share-based payment (income)/expense		(1)		-		66		-		65
Other (primarily pension payments)		-		-		(186)		-		(186)
Net movement on working capital and provisions		-		(11)		(198)		-		(209)
Cash generated from operations		21		(11)		2,970		-		2,980
Interest paid (including finance leases)		-		(236)		(323)		242		(317)
Corporation tax paid		-		(29)		(445)		-		(474)
Net cash inflow/(outflow) from operating activities		21		(276)		2,202		242		2,189

Cash flows from investing activities
Proceeds from disposals (net of cash disposed and deferred proceeds)		-		-		222		-		222
Interest received		2		242		9		(242)		11
Dividends received from equity accounted investments		-		-		31		-		31
Purchase of property, plant and equipment		-		-		(1,044)		-		(1,044)
Advances from subsidiary and parent undertakings		407		356		-		(763)		-
Acquisition of subsidiaries (net of cash acquired)		-		-		(1,841)		-		(1,841)
Other investments and advances		-		-		(11)		-		(11)
Deferred and contingent acquisition consideration paid		-		-		(53)		-		(53)
Net cash inflow/(outflow) from investing activities		409		598		(2,687)		(1,005)		(2,685)

Cash flows from financing activities
Proceeds from issue of shares (net)		42		-		-		-		42
Transactions involving non-controlling interests		-		-		(37)		-		(37)
Advances to subsidiary and parent undertakings		-		-		(763)		763		-
Increase in interest-bearing loans, borrowings and finance leases		-		6		1,004		-		1,010
Net cash flow arising from derivative financial instruments		-		11		158		-		169
Premium paid on early debt redemption		-		(18)		-		-		(18)
Treasury/own shares purchased		(3)		-		-		-		(3)
Repayment of interest-bearing loans, borrowings and finance leases		-		(321)		(22)		-		(343)
Dividends paid to equity holders of the Company		(469)		-		-		-		(469)
Dividends paid to non-controlling interests		-		-		(8)		-		(8)
Net cash (outflow)/inflow from financing activities		(430)		(322)		332		763		343

Decrease in cash and cash equivalents		-		-		(153)		-		(153)

Reconciliation of opening to closing cash and cash equivalents
Cash and cash equivalents at 1 January		401		-		2,048		-		2,449
Translation adjustment		-		-		(161)		-		(161)
Decrease in cash and cash equivalents		-		-		(153)		-		(153)
Cash and cash equivalents at 31 December		401		-		1,734		-		2,135

Supplemental Condensed Consolidated Statement of Cash Flow


	Year ended 31 December 2016
	Guarantor €m		Issuer €m		Non-Guarantor subsidiaries €m		Eliminate and reclassify €m			CRH and subsidiaries €m
Cash flows from operating activities
Profit before tax from continuing operations		1,593		104		1,589		(1,666	)		1,620
Profit before tax from discontinued operations		121		-		121		(121	)		121
Profit before tax		1,714		104		1,710		(1,787)			1,741
Finance costs (net)		(2)		(9)		394		-			383
Share of subsidiaries’ profit before tax		(1,650)		(95)		-		1,745			-
Share of equity accounted investments’ profit		(42)		-		(42)		42			(42)
Profit on disposals		-		-		(55)		-			(55)
Group operating profit		20		-		2,007		-			2,027
Depreciation charge		-		-		1,009		-			1,009
Amortisation of intangible assets		-		-		71		-			71
Impairment charge		-		-		23		-			23
Share-based payment (income)/expense		(3)		-		49		-			46
Other (primarily pension payments)		-		-		(65)		-			(65)
Net movement on working capital and provisions		-		(1)		57		-			56
Cash generated from operations		17		(1)		3,151		-			3,167
Interest paid (including finance leases)		-		(266)		(355)		275			(346)
Corporation tax paid		-		(41)		(440)		-			(481)
Net cash inflow/(outflow) from operating activities		17		(308)		2,356		275			2,340

Cash flows from investing activities
Proceeds from disposals (net of cash disposed and deferred proceeds)		-		-		283		-			283
Interest received		2		275		6		(275)			8
Dividends received from equity accounted investments		-		-		40		-			40
Purchase of property, plant and equipment		-		-		(853)		-			(853)
Advances from subsidiary and parent undertakings		287		644		-		(931)			-
Acquisition of subsidiaries (net of cash acquired)		-		-		(149)		-			(149)
Other investments and advances		-		-		(7)		-			(7)
Deferred and contingent acquisition consideration paid		-		-		(57)		-			(57)
Net cash inflow/(outflow) from investing activities		289		919		(737)		(1,206)			(735)

Cash flows from financing activities
Proceeds from issue of shares (net)		52		-		-		-			52
Advances to subsidiary and parent undertakings		-		-		(931)		931			-
Increase in interest-bearing loans, borrowings and finance leases		-		-		600		-			600
Net cash flow arising from derivative financial instruments		-		25		(30)		-			(5)
Treasury/own shares purchased		(4)		-		-		-			(4)
Repayment of interest-bearing loans, borrowings and finance leases		(9)		(636)		(1,370)		-			(2,015)
Dividends paid to equity holders of the Company		(352)		-		-		-			(352)
Dividends paid to non-controlling interests		-		-		(8)		-			(8)
Net cash (outflow)/inflow from financing activities		(313)		(611)		(1,739)		931			(1,732)

Decrease in cash and cash equivalents		(7)		-		(120)		-			(127)

Reconciliation of opening to closing cash and cash equivalents
Cash and cash equivalents at 1 January		408		-		2,110		-			2,518
Translation adjustment		-		-		58		-			58
Decrease in cash and cash equivalents		(7)		-		(120)		-			(127)
Cash and cash equivalents at 31 December		401		-		2,048		-			2,449