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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
198
Worldline
2016 Registration Document
Goodwill mainly corresponds to:
€ 243.3 million related to Banksys acquisition; and
●
€ 387.4
million related to the acquisitions of the year
●
Equens/Paysquare and Cataps, as detailed in Note
1.
Goodwill is allocated to Cash Generating Units (CGUs) which
correspond to the three operating segments disclosed in Note
4
“Segment information by Global Business Line”.
(in € million)
December 31, 2016
December 31, 2015
Merchant Services & Terminals
293.6
221.0
Financial Services
446.9
132.1
Mobility & e-Transactional Services
25.9
27.0
Total
766.4
380.1
assumptions:
The recoverable amount of a CGU is based on the following
using an estimated perpetuity growth rate of 2.5%. This rate
Terminal value is calculated after the three-year period,
●
reflects specific perspectives of the payment sector; and
account specific tax rates. The Group considers that the
weighted average cost of capital and adjusted to take into
based on a historical equity risk premium of 6.91%, in order
weighted average cost of capital should be determined
impairment tests.
to reflect the long-term assumptions factored in the
Discount rates are applied by CGU based on the Group’s
●
Services & Terminals, Financial Services and Mobility &
The discount rate of 8.1% is used for all the CGUs (Merchant
e-Transactional Services).
value has been identified as at December
31, 2016.
On the basis of impairment tests carried at year end, no loss of
(operating margin, discount rates and perpetual growth rate) did
A varying plus or minus 50 basis points of the key parameters
not reveal the existence of any risk on the Group’s CGUs.
Intangible assets
Note
14
(in € million)
Software &
Licenses
Patent
Relationships/
Customer
Other assets
Total
Gross value
At January 1, 2016
209.8
31.2
27.2
268.2
Additions
5.9
-
0.1
6.0
R&D capitalized
45.4
-
-
45.4
Impact of business combination
80.1
97.6
-
177.7
Disposals
-6.0
-
-
-6.0
Exchange differences
-2.0
-0.4
-2.1
-4.5
At December 31, 2016
333.2
128.4
25.2
486.7
Accumulated depreciation
At January 1, 2016
-96.3
-25.2
-23.0
-144.5
Depreciation charge for the year
-32.2
-6.1
-
-38.3
Disposals/reversals*
6.1
-
-
6.1
Exchange differences
0.6
-0.2
1.9
2.3
Impairment
-0.2
-
-
-0.2
At December 31, 2016
-122.0
-31.5
-21.1
-174.6
Net value
At January 1, 2016
113.5
6.0
4.2
123.7
At December 31, 2016
211.2
96.9
4.1
312.2
Writte-off of fully depreciated assets.
*