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20
Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
208
Worldline
2016 Registration Document
Other current liabilities
Note
25
(in € million)
December 31, 2016
December 31, 2015
Advances and down payments received on client orders
12.9
9.0
Employee-related liabilities
76.0
64.2
Social security and other employee welfare liabilities
35.3
36.0
VAT payable
39.2
41.5
Deferred income
81.8
40.0
Other operating liabilities
25.9
21.3
Total
271.1
212.0
Other current liabilities are expected to be settled within one year, except for deferred income that is released over the particular
arrangement of the corresponding contract.
Off balance sheet commitments
Note
26
CONTRACTUAL COMMITMENTS
recorded in the Group statement of financial position.
The table below illustrates the minimum future payments for
firm obligations and commitments over the coming years.
Amounts indicated under the finance leases caption are
Maturing
(in € million)
December 31,
2016
Up to 1 year
1 to 5 years Over 5 years
December 31,
2015
Finance leases
2.1
0.1
2.0
-
1.7
Recorded on the balance sheet
2.1
0.1
2.0
-
1.7
Operating leases: land, buildings, fittings
102.7
18.9
52.2
31.6
97.3
Operating leases: IT equipment
0.9
0.5
0.4
-
0.2
Operating leases: other fixed assets
9.9
4.1
5.8
-
9.4
Non-cancellable purchase obligations (> 5 years)
12.0
12.0
-
-
9.9
Commitments
125.5
35.5
58.4
31.6
116.8
Total
127.6
35.6
60.4
31.6
118.5
COMMERCIAL COMMITMENTS
(in € million)
December 31, 2016
December 31, 2015
Bank guarantees
32.6
15.4
Operational – Performance
●
17.9
13.3
Operational – Bid
●
0.1
0.1
Operational – Advance Payment
●
2.0
2.0
Financial or Other
●
12.6
-
Parental guarantees
30.3
3.9
Operational – Performance
●
30.3
3.9
Pledges
1.4
-
Total
64.3
19.3
30.3 million as of December
31, 2016, compared to € 3.9 million
at the end of December
2015.
For various large long term contracts, the Group provides
parental guarantees to its clients. These guarantees amount to €