CAPGEMINI_REGISTRATION_DOCUMENT_2017
4
FINANCIAL INFORMATION
4.2 Consolidated Financial Statements
Other current assets Note{20
At December{31 (in millions of euros)
Notes
2016
2017
Social security and tax-related receivables, other than income tax
216 209 149
259 212 121
Prepaid expenses
Derivative instruments
23
Other
53
65
OTHER CURRENT ASSETS
627
657
22
As of December{31, 2017, Social security and tax-related at December{31, 2016), after recognition of research tax credit receivables, other than income tax include research tax credit and competitiveness and employment tax credit income in receivables and competitiveness and employment tax credit France deducted from operating expenses of €60{million receivables in France in the amount of €107{million (€88{million (€54{million in 2016).
Net debt/net cash and cash equivalents Note{21
Cash and cash equivalents presented in the Consolidated Statement of Cash Flows consist of short-term investments and cash at bank less bank overdrafts.
Net debt or net cash and cash equivalents comprise cash and cash equivalents as defined above, and cash management assets (assets presented separately in the Consolidated Statement of Financial Position due to their characteristics), less short- and long-term borrowings. Account is also taken of the impact of hedging instruments when these relate to borrowings and own shares.
2016
2017
in{millions of euros
Short-term investments
1,449
1,497
Cash at bank
430
491
Bank overdrafts
(9)
-
Cash and cash equivalents
1,870
1,988
Cash management assets
157
168
Bonds
(3,236)
(2,739)
Obligations under finance leases
(51)
(43)
Draw-downs on bank and similar facilities and other borrowings
-
(1)
Long-term borrowings
(3,287)
(2,783)
Bonds
(24) (49) (43)
(525)
Obligations under finance leases
(44) (20)
Draw-downs on bank and similar facilities and other borrowings, net
Short-term borrowings
(116)
(589)
Borrowings
(3,403)
(3,372)
Derivative instruments
(37)
7
NET DEBT
(1,413)
(1,209)
220
REGISTRATION DOCUMENT 2017 — CAPGEMINI
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