Atos - Registration Document 2016

E Financial

E.4

Consolidated financial statements

work consisted in assessing the appropriateness of the methodology applied and the data used to determine the in Note 11 of section E.4.7.4 to the consolidated financial statements. Based on the information provided to us, our values-in-use, especially to review the cash-flow projections for each cash-generating unit (“CGU”) and the actual 2016 was subject to impairment testing by the Company as described in the “Goodwill” note of the section E.4.7.2 and goodwill amounting to € 3,864.8 million as of December 31, • performance against budget, and in verifying the overall consistency of assumptions with forecasts from each CGU’s statements provides appropriate disclosure; reviewed the calculations made by your Company and verified that Note 11 to the consolidated financial financial business plan approved by management. We have consolidated financial statements outlines the methods applied with respect to revenue recognition. Based on the the “Revenue recognition” note in section E.4.7.2 of the • mentioned above and in ensuring that the methods are information provided to us, our work consisted in assessing the appropriateness of the information provided in the note used by management; correctly applied. In addition, our work consisted in assessing the reasonableness of the accounting estimates to evaluate the pension commitments. The value of plan assets is measured on the basis of valuations provided by section E.4.7.2 of the consolidated financial statements, the Company uses actuarial methods and actuarial assumptions as specified in the “Pensions and similar benefits” note in • necessary. Based on the information provided to us, our the external custodians of pension funds and these assets are subject to additional verifications by management if III. Specific verification standards applicable in France, we have also verified the information presented in the Group’s management report. We As required by French law, in accordance with professional

verifying that Note 20 of section E.4.7.4 to the consolidated financial statements provides appropriate disclosure; pension obligations and the plan assets valuation, on verifying the consistency of assumptions used, and on work consisted on assessing the appropriateness of the methodology applied and the data used to assess the the Company recognizes deferred tax assets in an amount • of € 412.3 million in the consolidated statement of financial position, on the basis of the December actual data and business plans covering a 3-year period. Our work consisted in assessing the data and assumptions used by management in order to verify the recoverability of deferred tax assets recognized, and in verifying that Note 8 of section E.4.7.4 to the consolidated financial statements provides appropriate disclosure; as specified in the “Equity based compensation” note in • section E.4.7.2 of the consolidated financial statements, the certain employees. Based on the information provided to us, our work consisted on assessing the appropriateness of the and stock options plans granted to management and to methodology applied, the data and assumptions used to assess the fair values and expenses related to these plans. Company uses methods and assumptions to evaluate fair values and expenses of the period related to the free shares We also verified that Note 5 of section E.4.7.4 to the consolidated financial statements provides appropriate therefore contributed to our opinion expressed in the first part of this report. consolidated financial statements taken as a whole, and These assessments were made as part of our audit of the disclosure.

E

have no matters to report as to its fair presentation and its consistency with the consolidated financial statements.

Neuilly-sur-Seine, March 30, 2017 The statutory auditors French original signed by

Grant Thornton French member of Grant Thornton International Victor Amselem

Deloitte & Associés Jean-Pierre Agazzi

Atos | Registration Document 2016

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