CAPGEMINI_REGISTRATION_DOCUMENT_2017
FINANCIAL INFORMATION
4.2 Consolidated Financial Statements
2016
2017
in{millions of euros
Profit for the year attributable to owners of the Company
921
820
Finance cost savings linked to the conversion of “ORNANE{2013” convertible bonds, net of tax
20
-
Diluted profit for the year attributable to owners of the Company
941
820
Weighted average number of ordinary shares outstanding
169,450,721
168,057,561
Adjusted for: “ORNANE 2013” convertible bonds
5,305,591 4,201,908
-
Performance shares and free shares available for exercise
4,024,561
Redeemable Share Subscription or Purchase Warrants (BSAAR)
122,560
-
Weighted average number of ordinary shares outstanding (diluted)
179,080,780
172,082,122
5.25
4.76
DILUTED EARNINGS PER SHARE (in euros)
Normalized earnings per share
4
2016
2017
in{millions of euros
Profit for the year attributable to owners of the Company
921 212
820 226
Other operating income and expenses, net of tax calculated at the effective tax rate
Normalized profit for the year attributable to owners of the Company
1,133
1,046
Weighted average number of ordinary shares outstanding
169,450,721
168,057,561
NORMALIZED EARNINGS PER SHARE (in euros)
6.69
6.22
Equity Note{12
Incentive instruments and employee share ownership a) Instruments granted to employees Shares subject to performance and presence conditions Performance shares are granted to a certain number of Group employees, subject to performance (internal and external) and presence conditions. Share grants become definitive after a vesting period of at least three{years since July{2016 or four years, depending on the tax residence of the beneficiary. The shares are measured at fair value, corresponding to the value of the benefit granted to the employee at the grant date. The fair value of shares subject to external performance conditions is calculated using the “Monte{Carlo” model, which incorporates assumptions concerning the share price at the grant date, implicit share price volatility, the risk-free interest rate, the expected dividend yield and market performance conditions. The fair value of shares subject to internal performance and/or presence conditions is calculated using a model in compliance
with IFRS{2, which incorporates assumptions concerning the share price at the grant date, share transfer restrictions, the risk-free interest rate and the expected dividend yield. The expense recognized also takes into account staff attrition rates for eligible employee categories, which are reviewed each year and internal performance conditions (non-market conditions). This amount is recognized in “Other operating income and expense” in the Income Statement on a straight-line basis over the vesting period, with a corresponding adjustment to equity. b) Instruments proposed to employees Redeemable share subscription or purchase warrants (BSAAR) Redeemable share subscription or purchase warrants were proposed to employees and corporate officers of the Group. They conferred entitlement to subscribe for Capgemini{SE shares at a strike price determined at their date of acquisition by the employees and corporate officers of the Group.
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REGISTRATION DOCUMENT 2017 — CAPGEMINI
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