CAPGEMINI_REGISTRATION_DOCUMENT_2017

4

FINANCIAL INFORMATION

4.2 Consolidated Financial Statements

As of December{31, 2017, the euro-equivalent value of forward purchase and sale foreign exchange contracts breaks down by transaction type and maturity as follows:

>{6{months and <{12{months >{12{months

<{6{months

Total

in{millions of euros

Operating transactions

1,461

1,298

1,776

4,535

o/w

fair value hedge cash flow hedge

406

-

-

406

■

1,055

1,298

1,776

4,129

{

■

Financial transactions

354

-

208

562

o/w

fair value hedge

354

-

208

562

■

TOTAL

1,815

1,298

1,984

5,097

Hedges contracted in respect of operating transactions mainly comprise forward purchase and sale foreign exchange contracts maturing between{2018 and{2021 with an aggregate euro- equivalent value at closing exchange rates of €4,535{million (€4,164{million at December{31, 2016). The hedges were chiefly taken out in respect of transactions in Indian{rupee (INR219,000 million), US{dollars (US$1,117{million) and Polish{zloty (PLN1,218 million). The maturities of the hedges range from 1{to 45{months and the main counterparty is Capgemini{SE for a euro-equivalent value of €4,445{million.

Hedges contracted in respect of financial transactions concern Capgemini{SE in the amount of €562{million at December{31, 2017, after the early unwinding at the end of April{2017 of EUR/USD fix-to-fix cross currency swaps. They mainly concern inter-company loans for €546{million (€1,241{million at December{31, 2016), primarily denominated in US{dollar and Swedish{krona. The Group’s overall exposure to currency risk on assets/liabilities primarily concerns the Group’s internal financing activity.

At December{31, 2017

Other currencies

US dollar Swedish krona Indian rupee

Total

in{millions of euros

Assets

604

5

-

246

855

Liabilities

(64)

(36)

(191)

(230)

(521)

Net exposure in the Consolidated Statement of Financial Position

334

Hedging derivatives

(372)

NET EXPOSURE

(38)

At December{31, 2016

Other currencies

US dollar Swedish krona Indian rupee

Total

in{millions of euros

Assets

245

8

-

247

500

Liabilities

(1,098)

(130)

(151)

(226)

(1,605)

Net exposure in the Consolidated Statement of Financial Position

(1,105)

Hedging derivatives

946

NET EXPOSURE

(159)

228

REGISTRATION DOCUMENT 2017 — CAPGEMINI