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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
178
Worldline
2016 Registration Document
standards
New or amended
Summary of the requirements
statements
Possible impact on consolidated financial
IFRS 9 Financial
Instruments
from IAS 39.
guidance on recognition and derecognition of financial instruments
measurement of financial instruments, a new expected credit loss
IFRS 9 includes revised guidance on the classification and
general hedge accounting requirements. It also carries forward the
model for calculating impairment on financial assets, and new
IAS 39 Financial Instruments: Recognition and Measurement.
IFRS 9, published in July 2014, replaces the existing guidance in
January 1, 2018, with early adoption permitted.
IFRS 9 is effective for Annual Reporting periods beginning on or after
statements resulting from the application of
impact on its consolidated financial
IFRS 9 given the nature of its activities.
The Worldline Group is expecting a limited
Revenue from
IFRS 15
customers
Contracts with
whether, how much and when revenue is recognized. It replaces
IFRS 15 establishes a comprehensive framework for determining
after January 1, 2018, with early adoption permitted.
IFRS 15 is effective for annual reporting periods beginning on or
existing revenue recognition guidance, including IAS 18 Revenue,
Programs.
IAS 11 Construction Contracts and IFRIC 13 Customer Loyalty IFRS 15.
potential impact on its consolidated financial
The Worldline Group is assessing the
statements resulting from the application of
IFRS 16 Leases
The standard is effective for annual periods beginning on or after
of Transactions Involving the Legal Form of a Lease.
January 2019.
replaces existing leases guidance IAS 17 Leases, IFRIC 4
representing its obligation to make lease payments. IFRS 16
Operating Leases-Incentives and SIC-27 Evaluating the Substance
Determining whether an Arrangement contains a Lease, SIC 15
representing its right to use the underlying asset and a lease liability
model for lessees. A lessee recognises a right-of-use asset
IFRS 16 introduces a single, on-balance lease sheet accounting
consolidated financial statements.
assessment of the potential impact on its
The Worldline Group has started an initial
Group consolidated financial statements, are not expected to
The following other standards, potentially applicable to the
financial statements and are
have a significant impact on Worldline Group’s consolidated
Share-based Payment Clarifications;
Amendment to IFRS
2 Classification and Measurement of
●
Assets between an Investor and its Associate or Joint
Venture;
Amendments to IFRS
10 and IAS
28 Sale or Contribution of
●
Amendment to IAS
7 Disclosure Initiative; and
●
for Unrealized Losses.
Amendment to IAS
12 Recognition of Deferred Tax Assets
●
which is the Group’s functional currency. All figures are
presented in € million with one decimal.
These consolidated financial statements are presented in euro,
The policies set out below have been applied in consistency
with all years presented.
Accounting estimates and judgments
significant adjustments to the carrying amounts of assets and
liabilities are essentially related to:
contingent assets and liabilities at the closing date. The
estimates, assumptions and judgments that may result in
that affect the reported amounts of assets and liabilities, income
and expense in the financial statements and disclosures of
The preparation of consolidated financial statements requires
management to make judgments, estimates and assumptions
Goodwill impairment tests
require the use of estimates as described in Note
13 “Goodwill”.
Units are determined based on value-in-use calculations or on
their fair value reduced by the costs of sales. These calculations
any impairment, in accordance with the accounting policies
stated below. The recoverable amounts of Cash Generating
The Group tests at least annually whether goodwill has suffered
Revenue recognition and associated costs on long-termcontracts
revenue and possible forecast losses on completion that are
recognized.
operational assumptions such as forecast volume or variance in
the delivery costs that have a direct influence on the level of
below. Total projected contract costs are based on various
Revenue recognition and associated costs, including forecast
losses on completion are measured according to policies stated
Capitalization of development costs
criteria to recognize such assets requires some judgment and a
technical solutions developed for its own use, for some
customers or made available to a group of customers. The
The Group capitalizes development costs corresponding to
estimated average life (cf. Note on accounting rules “Intangible
assets other than goodwill” & Note
14 “Intangible assets”).
global overview of the amount of costs that can be capitalized.
Such capitalized development costs are amortized over their