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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Parent Company summary financial statements
219
Worldline
2016 Registration Document
e-Consumer & Mobility.
business divisions: e-Ticketing, e-Government Collection and
the 3 Global Business Lines:
compared with last year, with contrasted evolutions between
2016 revenue amounts to € 434.8
million, decreasing by 5.7%
September
30, 2016;
only three quarters due to the transfer to Equens as of
Financial Processing & Software Licensing activities cover
●
termination of the Radar contract from the second half of
Mobility & e-Transactional Services is impacted by the
●
2016;
resumed growth during the second semester.
projects in e-Commerce during the first half of the year but
Merchant Services & Terminals was impacted by less
●
halfyear.
by the termination of Radar and Cedicam contracts in second
Worldline posted an Operating result of €-4,4 million impacted
financial statements.
Worldline Group and consequently establishes consolidated
The company Worldline SA is the parent company of the
Group.
rendered from the parent company to the companies of the
Worldline acts as the parent company for the Worldline Group
financial flows with its subsidiaries to reflect the services
overhead, corporate and central functions. It also establishes
and as such supports a significant share of the costs related to
Highlights
20.2.2.2
player in payment services in Europe, based in Utrecht. This
leadership in payment services in Europe. Equens is a major
Equens group in order to join forces to reinforce the Worldline’s
The Worldline Group has reached an agreement with the
extensive pan-European reach, with leading positions and a
transaction provides the enlarged Worldline Group with an
The Nederland’s, Germany, Italy, Nordics).
strong commercial presence in key countries (France, Belgium,
This transaction is structured in two steps:
shareholders of Equens;
63.6% controlled by Worldline and 36.4% by the historical
groups in Europe to create “equensWorldline”, which is
through a merger of the respective activities of the two
A share transaction for the financial Processing activities,
●
for € 113 million.
A cash transaction on the Commercial Acquiring activity,
●
whereby Worldline will buy 100% of Paysquare from Equens
tab after).
activities, in exchange a participation in equensWorldline (see
BV its French Financial Processing & Software Licensing
As per the terms of transaction, Worldline SA brought to Equens
2019 on all the shares owned by minority shareholders.
also from a call option exercisable in cash or in shares earliest in
shareholder’s of equensWorldline decides to sell its stakes and
benefit notably from pre-emptive rights in case a minority
Under the shareholder’s agreement, from 2017, Worldline SA will
value and paid for by Equens securities.
SA are as follows, the net assets having been contributed at fair
impact of this transaction in the Company accounts of Worldline
The transaction has been closed as of September
30, 2016. The
(in €
thousand)
December 31, 2016
Net book value intangible asset
549
Net book value tangible asset
1,010
Net book value Investments Mantis and Arabor
6,759
Other Assets/liabilities
-1,667
Assets at historical value
6,651
Assets at Fair value
254,517
Net P&L Impact
247,866
This transaction is exempt from taxation insofar as Worldline benefits from a preferential treatment granted by the tax authorities.