Atos - Registration Document 2016

E Financial E.4

Consolidated financial statements

The tangible assets of the Group include mainly IT equipment software factories. Moreover, Atos policy is to rent its premises. used in production centers, in particular datacenters and

technical infrastructure of Group datacenters. Therefore, the land and building assets include mainly the

Finance leases

non-cancellable leases amounted to € 43.7 million at year-end. Tangible assets held under finance leases had a net carrying value of € 42.5 million. Future minimum lease payments under

December 31, 2015

December 31, 2016

payments Minimum lease

payments Minimumlease

Interest

Principal

Interest

Principal

(In € million)

Less than one year

23.2 20.5 43.7

-0.6 -0.6

22.6 19.9 42.5

26.1 26.5 52.6

-0.9 -1.0 -1.9

25.2 25.5 50.7

Between one and five years

TOTAL

-1.2)

Non-current financial assets

Note 14

Notes

31 December 2015

31 December 2016

(In € million)

Pension prepayments

Note 20

96.2 55.1 82.0

128.5

Fair value of non-consolidated investments net of impairment

55.7 75.0

Other* TOTAL

233.3

259.2

“Other” includes loans, deposits, guarantees and investments in associates accounted for under the equity method. *

Trade accounts and notes receivable

Note 15

December 31, 2015

December 31, 2016

(In € million)

Gross value

2,645.1

2,339.7

Transition costs

32.5

43.2

Provision for doubtful debt

-122.5

-109.6

Net asset value

2,555.0

2,273.3

Prepayments

-82.2

-53.2

Deferred income and upfront payments received

-714.5

-610.0

Net accounts receivable

1,758.2

1,610.1

Number of days’ sales outstanding (DSO)

30

32

receivables are maintained in the Group balance sheet) which compartment “ON” is similar to the previous program (i.e. the • remains by default the compartment in which the receivables are sold. This compartment was used at its lower level; compartment “OFF” is designed so the credit risk (insolvency • the program is fully transferred to the purchasing entity of a and overdue) of the debtors eligible to this compartment of third party financial institution. As of December 31, 2016, the Group has sold: € 9.8 million were received in cash. The sale is with recourse, in the compartment “ON” € 257.5 million receivables for which • thus re-consolidated in the balance sheet;

The average credit period on sale of services is between 30 and 60 days depending on the countries. For balances outstanding for more than 60 days beyond the agreed payment terms, the Group considers the need for of its balances. depreciation on a case-by-case basis through a quarterly review renewed for 5 years on June 18, 2013 with a maximum amount Atos securitization program of trade receivables has been financing of € 200.0 million. of receivables sold of € 500.0 million and a maximum amount of and OFF: The program is structured with two compartments, called ON

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