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20
Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Parent Company summary financial statements
218
Worldline
2016 Registration Document
Income statement
20.2.1.2
(in €
thousand)
Notes
December 31, 2016
December 31, 2015
Sales of goods
13,323
11,586
Sales of services
421,456
449,350
Revenue
Note 13
434,779
460,936
Operating subsidies
483
0
Reversals of depreciations and provisions; transfers of costs
3,116
7,374
Other income
12,846
12,342
Total operating income
451,223
480,652
Cost of sales
-10,563
-10,187
Other purchases and external charges
-169,588
-164,096
Taxes (other than corporation tax)
-10,188
-7,958
Salaries and stipends
-139,668
-148,434
Social security costs
-63,445
-66,255
Depreciation amortisation and provisions
-14,657
-15,690
Other expenses
-47,548
-45,618
Total operating expenses
-455,657
-458,238
Operating result
-4,434
22,415
Financial income
2,637
3,413
Financial expenses
-1,876
-2,004
Net financial result
Note 14
761
1,409
Non-recurring items income
268,433
3,693
Non-recurring items expenses
-23,948
-27,760
Non-recurring items result
Note 15
244,485
-24,067
Employee profit sharing
-5,689
-5,646
Corporate income tax
Note 16
2,010
3,268
Net income for the period
237,133
-2,621
Notes toWorldline statutory financial statements
20.2.2
Worldline Activity
20.2.2.1
business lines:
Worldline continued its main activities through three global
Loyalty Programs and Terminals;
business divisions: Online Services, Private Label Card &
sales channel used. This global business line has three
while optimizing payment-related activities, whatever the
accompany their customers across the entire sales cycle,
extensive range of solutions and services, allowing them to
Terminals global business line offers merchants an
17% of total revenue). Worldline’s Merchant Services &
Merchant Services & Terminals (2016 revenue: €
75,5 million,
●
to perform processing in-house a range of payment
Worldline offers banks and financial institutions that prefer
payment options such as electronic wallets. In addition,
e-payments) to their customers, and (iv) providing new
Licensing;
Banking, Issuing Processing and Payment Software
line has four business divisions: Acquiring Processing, Online
software solutions on licensed basis. This global business
€
109.0 million, 25.1% of total revenue). Revenue covers the
Financial Processing & Software Licensing (2016 revenue:
●
online banking services (including online banking
electronic payment transactions, (iii) offering multi-platform
cards (credit or payment), (ii) acquiring and processing
business processes involved in (i) issuing credit and debit
cashless payments by outsourcing some or all of the key
that allow banks and financial institutions to manage
Software Licensing global business line delivers solutions
Note
1.1.2.2 Highlights). Worldline’s Financial Processing &
activities to Equens as of September
30, 2016 (See
first three quarters of 2016 due to the contribution of FPL
€
203.3 million, 46.8% of total revenue). Worldline’s Mobility
Mobility & e-Transactional Services (2016 revenue:
●
business models that take advantage of the digitization of
public sector clients by proposing new digital solutions and
financial institutions to address the needs of private and
its traditional client base of merchants and banks and
& e-Transactional Services global business line goes beyond
the physical world. This global business line has three