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20
Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Group Consolidated Financial Statements
209
Worldline
2016 Registration Document
Related parties
Note
27
The related parties include:
which are not part of the Worldline’s consolidation scope;
Worldline’s parent company (Atos SE) and its subsidiaries
●
the entities that are controlled or jointly controlled by a
The entities that are controlled or jointly controlled by the
●
Group, the entities that are a post-employment defined
benefit plan for the benefit of the employees of the Group or
member of the key management personnel of the Group;
and
Chief Executive Officer.
The key management personnel of the Group, defined as
●
persons who have the authority and responsibility for
planning, directing and controlling the activity of the Group,
namely members of the Board of Directors as well as the
Transactions between Worldline and its subsidiaries, which are
related parties, have been eliminated in consolidation and are
not disclosed in this note.
Transactions between the related parties
The main transactions between the related entities are
composed of:
The reinvoicing of the premises;
●
The invoicing of delivery services such as personnel costs or
●
use of delivery infrastructure;
The invoicing of administrative services; and
●
The interest expenses related to the financial items.
●
These transactions are entered into at market conditions.
The related party transactions are detailed as follows:
(in € million)
12 months ended
December 31, 2016
12 months ended
December 31, 2015
Revenue
47.7
50.6
Operating income/expenses
-104.8
-118.4
Other operating expenses
-1.4
-1.0
Net cost of financial debt
-0.7
-1.1
The receivables and liabilities included in the statement of financial position linked to the related parties are detailed as follows:
(in € million)
12 months ended
December 31, 2016
12 months ended
December 31, 2015
Trade accounts and notes receivables
12.1
23.0
Other current assets
22.7
19.7
Current accounts & cash agreement – Assets
1.4
0.1
Trade accounts and notes payables
47.0
26.1
Other current liabilities
2.2
7.1
Current accounts & cash agreement with Atos entities – Liabilities
2.5
9.0
The off balance sheet commitments regarding the related parties are detailed as follows:
Maturing
(in € million)
2016
December 31,
Up to 1 year
1 to 5 years
Over 5 years
December 31,
2015
Operating leases: land, buildings,
fittings
29.4
5.6
20.9
2.9
31.7
Operating leases: IT equipment
0.1
0.1
-
-
0.1
Non-cancellable purchase
obligations (> 5 years)
0.5
0.1
0.3
0.1
0.5
Commitments
30.0
5.8
21.2
3.0
32.3
Total
30.0
5.8
21.2
3.0
32.3