Atos - Registration Document 2016

E Financial E.4

Consolidated financial statements

Net financial result

Note 6

of financial debt of € 18.1 million and non-operational financial costs of € 31.1 million. Net financial expense amounted to € 49.2 million for the period (compared to € 45.2 million prior year) and was composed of a net cost

Net cost of financial debt

December 31, 2015 12months ended

December 31, 2016 12months ended

(In € million)

Net interest expenses

-17.0

-11.9

Interest on obligations under finance leases Gain/(loss) on disposal of cash equivalents Gain/(loss) on interest rate hedges of financial debt

-1.2

-1.9

0.1

0.3

-

-3.9

NET COST OF FINANCIAL DEBT

-18.1

-17.4

Net cost of financial debt was € 18.1 million (compared to elements: € 17.4 million in 2015) and resulted from the following borrowing expenses were mainly explained by: 1.60% compared to 2.32% last year. The average gross € 1,185.5 million in 2015 bearing an average expense rate of the average gross borrowing of € 2,014.1 million compared to • in 2015) bearing an effective interest rate of 0.48%, € 1,058.6 million (compared to an average of € 687.2 million the used portion of the syndicated loan for an average of •

rate of 2.375%, a € 600.0 million bond issue in July 2015 bearing a coupon • € 90.0 million bearing a coupon rate of 1.444%, yearly average impact on the total gross borrowings of a € 300.0 million bond issue end of September 2016, with a • of 4.03%; average of € 260.7 million, bearing an effective interest rate other sources of financing, including securitization, for an • the average gross cash increased from € 1,105.3 million in • 2015 to € 1,418.3 million in 2016 bearing an average income rate of 1.00% compared to 0.91% in 2015.

Other financial income and expenses

12months ended December 31, 2015

12months ended December 31, 2016

(In € million)

Foreign exchange income/(expenses)

14.5 -5.5

-1.2

Fair value gain/(loss) on forward exchange contracts held for trading

7.4

Other income/(expenses)

-40.1 -31.1

-34.0 -27.8

OTHER FINANCIAL INCOME AND EXPENSES

Of which:

other financial expenses • other financial income •

-71.5

-68.6

40.4

40.8

Non-operational financial costs amounted to € 31.1 million compared to € 27.8 million in 2015 and were mainly composed of pension related interest (€ 28.9 million compared to € 29.3 million expense in 2015) and a net foreign exchange gain

of € 9.0 million versus a net foreign exchange gain of € 6.2 million in 2015. The pension financial cost represented the difference between interest costs on pension obligations and interest income on plan assets.

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