CAPGEMINI_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION

4.2 Consolidated Financial Statements

Non current and current provisions Note{25

A provision is recognized in the Consolidated Statement of embodying economic benefits will be required to settle the Financial Position at the year-end if, and only if, (i) the Group obligation; and (iii) a reliable estimate can be made of the has a present obligation (legal or constructive) as a result of a amount of the obligation. Provisions are discounted when the past event; (ii) it is probable that an outflow of resources impact of the time value of money is material.

Movements in current and non-current provisions break down as follows:

2016

2017

in{millions of euros

At January{1

118

130

Charge

46

55

Reversals (utilization of provisions)

(14) (16)

(46) (14) (12)

Reversals (surplus provisions)

Other

(4)

4

AT DECEMBER{31

130

113

At December{31, 2017, current provisions (€88{million) and non-current provisions (€25{million) mainly concern risks relating to projects and contracts of €96{million (€110{million at December{31, 2016) and risks relating to tax and labor disputes of €17{million (€20{million at December{31, 2016).

Other non current and current liabilities Note{26

At December{31 (in millions of euros)

Note

2016

2017

Special employee profit-sharing reserve

28 89

34 18

Derivative instruments

23

Liabilities related to acquisitions of consolidated companies

147

201

Non-current tax liabilities

16 87

43 96

Other

OTHER CURRENT AND NON-CURRENT LIABILITIES

367

392

22

Liabilities related to acquisitions of consolidated companies consist for €117{million of put options granted to Caixa{Participacões and EMC in{2012 and{2013 on their investments in Capgemini{Brasil S.A. (formerly CPM{Braxis) and earn-outs granted at the time of certain acquisitions. At December{31, 2016, derivative instruments primarily consisted of EUR/USD fix-to-fix cross currency swaps valued at €35{million. These contracts were unwound early in fiscal{2017.

Accounts and notes payable

At December{31 (in millions of euros)

Note

2016

2017

Accounts payable

1,105

1,124

Accrued taxes other than income tax

392

409

Personnel costs

1,311

1,291

Other

10

13

ACCOUNTS AND NOTES PAYABLE

2,818

2,837

22

235

REGISTRATION DOCUMENT 2017 — CAPGEMINI

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