Worldline - Registration Document 2016

20

Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults Group Consolidated Financial Statements

Note 25

Other current liabilities

December 31, 2016

December 31, 2015

(in € million)

Advances and down payments received on client orders

12.9 76.0 35.3 39.2 81.8 25.9

9.0

Employee-related liabilities

64.2 36.0 41.5 40.0 21.3

Social security and other employee welfare liabilities

VAT payable

Deferred income

Other operating liabilities

Total

271.1

212.0

Other current liabilities are expected to be settled within one year, except for deferred income that is released over the particular arrangement of the corresponding contract.

Note 26

Off balance sheet commitments

CONTRACTUAL COMMITMENTS

The table below illustrates the minimum future payments for firm obligations and commitments over the coming years.

Amounts indicated under the finance leases caption are

recorded in the Group statement of financial position.

Maturing

December 31, 2016

December 31, 2015

Up to 1 year

1 to 5 years Over 5 years

(in € million)

Finance leases

2.1

0.1

2.0

- -

1.7

Recorded on the balance sheet Operating leases: land, buildings, fittings Operating leases: IT equipment Operating leases: other fixed assets

2.1

0.1

2.0

1.7

102.7

18.9

52.2

31.6

97.3

0.9 9.9

0.5 4.1

0.4 5.8

- - -

0.2 9.4 9.9

Non-cancellable purchase obligations (> 5 years)

12.0

12.0

-

Commitments

125.5 127.6

35.5 35.6

58.4 60.4

31.6 31.6

116.8 118.5

Total

COMMERCIAL COMMITMENTS

December 31, 2016

December 31, 2015

(in € million)

Bank guarantees

32.6 17.9

15.4 13.3

Operational – Performance ●

Operational – Bid ●

0.1 2.0

0.1 2.0

Operational – Advance Payment ●

Financial or Other ● Parental guarantees

12.6 30.3 30.3

-

3.9 3.9

Operational – Performance ●

Pledges

1.4

-

Total

64.3

19.3

For various large long term contracts, the Group provides parental guarantees to its clients. These guarantees amount to €

30.3 million as of December 31, 2016, compared to € 3.9 million at the end of December 2015.

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Worldline 2016 Registration Document