Atos - Registration Document 2016

E Financial

E.4

Consolidated financial statements

Project commitments The € 18.8 million charge was mainly incurred in Germany (€ 4.3 million) and in Central Eastern Europe (€ 4.2 million). primarily related to losses incurred in the United Kingdom (€ 22.7 million), France (€ 7.8 million) and Central Eastern Project commitments provisions released for € 48.6 million Europe (€ 5.0 million). releases reflected mainly the reduction of former contracts losses thanks to proactive project management or early The € 32.7 million project commitments unused provision settlements.

Litigation and contingencies

as tax contingencies and social disputes, guarantees given on disposals and other disputes with clients and suppliers. The closing position of contingency provisions of € 121.4 million was composed of a number of long-term litigation issues, such The legal department monitors these situations closely with a view to minimizing the ultimate liability.

Borrowings

Note 22

December 31, 2016

December 31, 2015

Current

Non-current

Total

Current

Non-current

Total

(In € million)

Bonds

- -

900.0 580.0

900.0 580.0

- -

600.0 580.0

600.0 580.0

Bank loans

Securitization Finance leases Other borrowings

9.8

-

9.8

10.0 25.2

-

10.0 50.7

22.6

19.9

42.5

25.5

108.2 140.5

0.2

108.4

107.9 143.1

5.3

113.2

TOTAL BORROWINGS

1,500.1

1,640.6

1,210.8

1,353.9

E

Borrowings in currencies The carrying amounts of the Group borrowings were denominated in the following currencies:

EUR Other currencies

Total

(In € million)

DECEMBER 31, 2016 December 31, 2015

1,501.1 1,278.0

139.5

1,640.6 1,353.9

75.9

Value and effective interest rate of financial debt The fair value of bank loans, which are primarily composed of variable interest rate loans, is considered to be equal to carrying value. For other elements of borrowings, carrying value is considered the best estimate of fair value, the difference between the fair value and the carrying value being not material.

Non-current borrowingsmaturity

2018

2019

2020

2021

>2021

Total

(In € million)

Bonds

- -

- -

600.0

-

300.0 900.0

Bank loans

-

580.0

-

580.0

Finance leases Other borrowings

15.3

2.9

0.6

0.1

0.9

19.9

0.2

-

-

-

-

0.2

AS AT DECEMBER 31, 2016 LONG-TERM DEBT

15.5

2.9 600.6 580.1 300.9 1,500.1

2017

2018

2019

2020 >2020

Total

(In € million)

Bonds

- -

- -

- -

600.0 580.0

- -

600.0 580.0

Bank loans

Finance leases Other borrowings

14.8

7.4 0.1 7.5

2.1

0.3 0.2

0.9 4.9

25.5

0.9

-0.8

5.3

AS AT DECEMBER 31, 2015 LONG-TERM DEBT

15.7

1.3 1,180.5

5.8 1,210.8

Atos | Registration Document 2016

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