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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
186
Worldline
2016 Registration Document
Other acquisitions
KB Smartpay/Cataps:
date of the transaction.
value of the put option owned by Non-Controlling Interests on
the outstanding 20% shares exercisable at any time from the
of € 21.8 million. The Group has recognized a financial liability of
€ 6.7 million as at December
31, 2016 corresponding to the fair
acquisition led to the recognition of customer relationships for €
8.8 million amortized over 15.3 years and a preliminary goodwill
acquire Cataps s.r.o. This entity is fully consolidated in Worldline
consolidated financial statements since October
1, 2016. This
group and one of the leading banks in the Czech Republic, to
further develop products and services for Czech merchants and
Worldline completed on September
30, 2016 its agreement with
Komercni banka (KB), a subsidiary of the Société Générale
Pro forma
financial information
Note
2
Regulatory framework
together referred to as the “Acquired Companies” or the
“Acquisitions”, as if they had been effective as of January
1, 2016.
acquisitions of Equens, Paysquare and KB Smartpay (please
refer to Note
1 to the consolidated financial statements),
statement for the year ended December
31, 2016 and a pro
forma segment consolidated financial information, reflects the
includes pro forma selected items of the consolidated income
The pro forma consolidated financial information, which
financial information module” of European Regulation no. EC
809/2004, the recommendations issued by ESMA (formerly
This pro forma consolidated financial information is prepared in
accordance with the provisions of Appendix II, “Pro forma
Authority (“Autorité des Marchés Financiers”).
the European Regulation no. EC 809/2004, and in accordance
with Guideline no.
2013-08 of the French Financial Markets
known as CESR) in February
2005 concerning the application of
position.
Group’s current or future results of operations or financial
achieved had the Acquisitions been completed as of January
1,
2016, nor is the pro forma financial information indicative of the
for illustrative purposes only and is not indicative of Worldline’s
results of operations or financial condition that would have been
The pro forma consolidated financial information is presented
Basis of preparation
prepared based on:
The pro forma consolidated financial information has been
as of and for the year ended December
31, 2016, prepared in
accordance with IFRS as adopted by European Union;
The audited consolidated financial statements of the Group
●
European Union (a);
2016, prepared in accordance with IFRS as adopted by
The unaudited consolidated interim financial statements of
●
Equens for the period from January
1 to September
30,
European Union (b); and
Paysquare, for the period from January
1 to September
30,
2016, prepared in accordance with IFRS as adopted by
The unaudited consolidated interim financial statements of
●
period from January
1 to September
30, 2016, prepared in
accordance with IFRS as adopted by European Union (c).
The unaudited interim financial statements of Cataps for the
●
historical information with Worldline’s consolidated financial
statement presentation.
All reclassifications were made to align the Acquisitions available
synergies and cost savings.
reasonable. The pro forma consolidated financial information
does not include any economies of scale that may result from
computed based on available information and certain
assumptions that the management of the Group consider to be
All pro forma adjustments are directly attributable to the
Acquisitions. These adjustments have been prepared and
a
b
c
d
a + b + c + d
2016
period ended
December 31,
Worldline for the
twelve-month
Audited financial
information for
acquisition by
Worldline (a)
prior to the
September 30,
2016 period
January 1,
2016 to
information for
Equens for the
Historical
financial
acquisition by
Worldline (b)
2016 period
prior to the
2016 to
September 30,
the January 1,
information for
Paysquare for
Historical
financial
Worldline ( c)
prior to the
acquisition by
September 30,
2016 period
January 1,
2016 to
KB Smartpay
for the
information for
Historical
financial
Worldline
prior to the
acquisition by
2016 period
2016 to
September 30,
companies for
the January 1,
information for
the acquired
Historical
financial
(Note 2.1)
fication
pro forma
reclassi-
Total
(Note 2.2)
pro forma
adjustment
Total
information
pro forma
financial
2016
Worldline
Revenue
1,309.2
206.6
52.2
23.2
282.0 -21.8
-23.8
1,545.6
OMDA
258.7
-0.2
2.5
1.5
3.8
17.9
4.8
285.2
margin
Operating
196.6
-50.5
-0.2
1.5
-49.2
21.4
27.6
196.4
Amortization).
Please refer to Note
4 of the consolidated financial statements for a definition of OMDA (Operating Margin Before Depreciation and