Worldline - Registration Document 2016

Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults Parent Company summary financial statements

is recognized at the completion of the service. Income relating to other services performed on behalf of clients services: multiple elements, which may include a combination of different The Group may sign in some cases service contracts with when they are separately identifiable; Revenue is recognized separately for each of the elements ● A set of contracts is combined and treated as a single ● or following one another without interruption. margin and that the contracts are performed concurrently they are, in fact, part of a single project with an overall single package, the contracts are so closely interrelated that contract when the group of contracts is negotiated as a profitability studies on service contracts to determine whether The Group performs regularly and in special circumstances, immediately covering the loss in its entirety. the contract will be unprofitable, a provision for loss is recorded completion need to be revised. If these estimates indicate that the latest estimates of revenue, costs and percentage of Other operating income and expenses items coming from ordinary activities and extraordinary items. “Other operating income and expenses” include exceptional or because they rarely occur. business either because they are unusual in amount or impact achievement is not related to the current operation of the Exceptional items from ordinary activities are those whose

subsidiaries with effect as of January 1, 2015. Subsidiaries which

are part of this tax consolidation are: Worldline participations 1; ● Similo; ● Santeos; ● Worldline Bourgogne. ●

Arabor are not part of the tax consolidation anymore. Following Equens’s operation, the subsidiaries Mantis and consolidation. only entity liable for the corporate tax of the group tax Worldline as parent company of the Group is designated as the The main features of the agreement are: they had been taxed individually; The result of the consolidated companies is determined as if ● consolidation members will be only temporary since the Tax savings related to the use of the tax losses of the tax ● subsidiaries concerned will still be able to use them. booked without being part of such tax agreement charge or a tax profit equivalent to the one it would have statements during the participation to the tax agreement a tax principle and each subsidiary will recognize in its financial This tax consolidation agreement is in line with the neutrality The tax losses of the tax group can be indefinitely carried forward. (CICE) Tax credit for competitiveness and employment The relative income to CICE is of € 3.4 million for 2016. CICE is reported as a reduction in staff costs. develop new features which reinforce offers to our customers. During 2016, this CICE was used to invest in different projects, to

Tax consolidation agreement

a group tax consolidation agreement with its French As per article 223-A of the French Fiscal Code, Worldline signed

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Worldline 2016 Registration Document