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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
182
Worldline
2016 Registration Document
borrowing costs.
assets, in which case they are capitalized in accordance with the
general method used by the Group for accounting for
balance of the liability. Finance charges are recognized directly
in profit or loss unless they are directly attributable to qualifying
so as to produce a constant rate of interest on the remaining
financing. Payments under the leases are apportioned between
finance charges and reduction of the debt arising from the lease
The corresponding liability to the lessor is included in the
statements of financial position as a liability arising from a lease
throughout the duration of the lease.
rewards of ownership are classified as operating leases.
Payments under operating leases are expensed linearly
Leases where the lessor retains substantially all the risks and
Terminals leases are treated as an operating lease and their
revenue is recognized according to the accounting rules
described in this note (§ “Revenue recognition”).
Impairment of assets other than goodwill
that those assets have suffered an impairment loss.
the Group reviews the carrying amounts of its tangible and
intangible assets to determine whether there is any indication
At the end of each reporting period of the financial information,
group of cash-generating units for which a reasonable and
consistent allocation method can be determined.
identified, corporate assets are also allocated to cash-generating
units individually; otherwise they are allocated to the smallest
reasonable and consistent method of allocation can be
individual asset, the Group estimates the recoverable amount of
the cash-generating unit to which the asset belongs. If a
If it is not possible to assess the recoverable amount of an
which the estimates of future cash flows have not been
adjusted.
the time value of money and the risks specific to the asset for
future cash flows are discounted to their present value using a
pre-tax discount rate that reflects current market assessments of
The recoverable amount is the higher of fair value less costs to
sell and value in use. In assessing value in use, the estimated
(or cash-generating unit) is reduced to its recoverable amount.
If the estimated recoverable amount (or cash-generating unit) is
less than its carrying amount, the carrying amount of the asset
Financial assets non current and current assets
Financial assets non current and current assets are accounted
for at trade date.
amortized costs.
liability for the consideration received is recognized. The
transferred assets and the financial liability are valued at their
transferred assets, do not qualify for de-recognition. A financial
Assets securitization programs, in which the Group retains
substantially all the risks and rewards of ownership of the
other comprehensive income is transferred to the income
income. When an available-for-sale financial asset is sold or
impaired; the cumulative fair value adjustment recognized in
non-consolidated entities. They are measured at fair value, with
changes in fair value recognized in other comprehensive
Available-for-sale financial assets include equity investments in
statement.
cost.
the specific security. If the fair value of an available-for-sale
financial asset cannot be reliably measured, it is recognized at
to equal market value. If no active market exists, fair value is
generally determined based on appropriate financial criteria for
For securities listed on an active market, fair value is considered
recorded initially at their fair value and subsequently at their
amortized value.
Loans are part of non-current financial assets. Loans are
Currents assets and current Liabilities
Presentation rules
borrowings, financial receivables and provisions represent the
Group’s working capital requirement.
other assets and liabilities are classified as non-current. Current
assets and liabilities, excluding the current portion of
realized, used or settled during the normal cycle of operations,
which can extend beyond 12 months following period-end. All
Assets and liabilities classified as current are expected to be
Trade accounts andnotes receivable
appropriate, a provision is raised on an individual basis to take
likely recovery problems into account.
over one year, where the effect is significant on fair value, trade
accounts and notes receivables are discounted. Where
nominal value represents usually the initial fair value for trade
accounts and notes receivable. In case of deferred payment
Trade accounts and notes receivable are recorded initially at
their fair value and subsequently at their amortized value. The
Inventory
acquisition costs and incidental expenses.
costs deemed necessary to sell. Inventory cost is determined
according to the weighted average method and include the
net realizable value. The net realizable value is the estimated
selling price in the normal course of business, less estimated
consists in payment terminals, are assessed at the lower cost or
Inventory recognised under “Other current assets”, which mainly
Cash and cash equivalents
instruments are readily convertible to a known amount of cash
Cash and cash equivalent include cash at bank and financial
instruments such as money market funds. Such financial
value. Changes in fair value are recorded in the income
statement under “Other financial income and expenses”.
also be classified as cash equivalents under certain
circumstances. Money market funds are recognized at their fair
such as term deposits, that have at inception a longer maturity
but provide for early withdrawal and a capital guarantee may
commitments and have a short maturity, in general three
months or less from the date of acquisition. Some instruments,
and are subject to an insignificant risk of change in value. They
are held for the purpose of meeting short-term cash