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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