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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
189
Worldline
2016 Registration Document
Other significant event of the year
Note
3
Visa Share
Worldline Belgium was the owner of one share in Visa Europe,
valued at its historical acquisition cost in its books (€ 10).
the share proceeds to be received would amount to €
44.9 million.
In November
2015, Visa Inc. announced its intention to acquire
Visa Europe. Worldline Belgium received a letter indicating that
As of December
31, 2015, the Visa Share was presented as
shares “available for sale” and the difference between its net
income (OCI) for € 44.9 million.
book value and its fair value impacted Other comprehensive
amount of € 51.2 million including:
The Visa share has been sold on June
21, 2016 for a total
€ 35.6 million in cash;
●
€ 3.3 million of cash to be received in 3 years; and
●
convertible up to 12 years after closing.
€ 12.3
million of preferred shares in Visa Inc. that will be
●
of the recycling of the OCI reserve.
in the profit and loss statement (“Other operating income”) and
This has triggered the recognition of a € 51.2 million pre-tax gain
disposal has been booked through Other comprehensive
income for €+1.1 million as of December
31, 2016.
valued at € 13.5
million and have been classified as shares
“available for sale”. Their change in fair value since the date of
As of December
31, the Visa Inc. preferred shares have been
Segment information by Global Business Line
Note
4
CEO who makes strategic decisions.
of the operating segments, has been identified as the company
operating profit. The chief operating decision maker, who is
responsible for allocating resources and assessing performance
reconciled to Group profit or loss. The chief operating decision
maker assesses segments profit or loss using a measure of
based on internal management reporting information that is
regularly reviewed by the chief operating decision maker, and is
According to IFRS
8, reported operating segments profits are
dedicated member of the Executive Committee.
for IFRS
8 requirements, the Group discloses Global Business
Lines (GBL) as operating segments. Each GBL is managed by a
Business Lines have been determined by the Group as key
indicators by the Chief operating decision maker. As a result and
Global Business Lines (Merchant Services & Terminals, Financial
Services and Mobility & e-Transactional Services). Global
The internal management reporting is designed based on
The P&L indicators as well as the assets have been allocated
primarily relate to shared infrastructure delivering mutualized
services to those three GBL.
related to Global Structures has not been allocated by GBL.
Regarding Group Assets, the shared assets not allocated by GBL
according to these GBL segments. On OMDA, a part of the cost
The geographical scope and the activities covered by each operating segment are as follows:
Operating segments
Business divisions
Geographical areas
Merchant Services & Terminals Commercial Acquiring, Private Label Cards &
Loyalty Services, Online Services, Payment
Terminals
Argentina, Belgium, Czech republic, France,
Germany, India, Luxembourg, Poland, Spain, The
Netherlands and United Kingdom.
Financial Services
Banking, Payment
Issuing Processing, Acquiring Processing, Digital Belgium, China, Finland, France, Germany,
Hong Kong, India, Italy, Luxembourg, Indonesia,
Malaysia, Singapore, Spain, Taiwan, The
Netherlands and the United Kingdom.
Mobility & e-Transactional
Services
e-Government Collection, e-Ticketing, e-Consumer
& Mobility
Germany, Spain, and United Kingdom
Argentina, Austria, Belgium, Chile, China, France,
Inter-segment transfers or transactions are entered into under normal commercial terms and conditions that would also be available to
unrelated third parties.
No external customer generates more than 10% of total Group sales.