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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Parent Company summary financial statements
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Worldline
2016 Registration Document
Rules and accountingmethods
20.2.2.3
respect of:
Comptable Général). General conventions were applied, in the
provisions of the French General Accounting Plan (Plan
accepted accounting principles in France and with the
Worldline have been prepared in accordance with generally
In application with ANC n° 2015-06, the financial statements of
Principle of prudence;
●
Principle of going concern;
●
to another;
Permanence of the accounting methods from one exercise
●
Cut-off principle.
●
euros.
annual accounts are established and presented in
thousands of
As a principle, items are booked based on historical cost. The
Intangible assets
mainly of software, licenses, merger deficit and goodwill.
Intangible assets are booked at their acquisition cost and consist
expense.
application used for operational needs are recognized as an
Software created for an internal use and development costs of
useful life, not exceeding 3 years.
Software is amortized on a straight-line basis over their expected
value in use.
If need be, a provision on goodwill can be booked based on the
Tangible assets
The tangible fixed assets are evaluated at their acquisition value
excluding any financial expenses.
The depreciation calculation is based on a straight-line method over the useful life of the assets, as follows:
Buildings
20 years
Fixtures and fittings
5 to 10 years
Computer hardware
3 to 5 years
Vehicles
4 years
Office furniture and equipment
5 to 10 years
Financial assets
financial investments (security deposit, loans).
Financial assets consist of participating interests and other
exceeds the value-in-use.
impairment loss is recognized when the acquisition cost
Financial assets are initially booked at their acquisition cost. An
outlooks.
The value-in-use takes in account net assets and earnings
Trade accounts andnotes receivable
nominal value. They are individually analyzed and, if necessary,
Trade accounts and notes receivable are recorded at their
are subject to an impairment loss.
recognition, this excess is presented under “deferred income”.
and notes receivables”. When invoicing exceeds the revenue
In the balance sheet they are recorded under “Trade accounts
Securities
value.
depreciated when the carrying amount is lower than the book
Securities are recorded at their acquisition cost. They are
Provisions
Provisions are recognized when:
constructive obligation as a result of past events;
Worldline has a present legal, regulatory, contractual or
●
economic benefits will be required to settle the obligation; and
It is probable that an outflow of resources embodying
●
The amount has been reliably quantified.
●
Pensions
accordance with the ANC recommendation 2013-02.
Long-term staff benefits provisions are recognized in
Provision is accrued under the “corridor” method. Worldline only
lives of the beneficiaries of each plan.
at year end. This amortization is made on the remaining working
gains and losses exceeding a normal fluctuation margin of 10%
recognizes in its income statement, the cumulative actuarial
Revenue
Services constitute the major part of the revenue of the Group.
the treatment has been completed.
area of payments are recognized over the period during which
Revenues arising from transactional activities, particularly in the
The proceeds from subscriptions are recognized on a straight
line basis over the term of the contract.
balance sheet under “Trade accounts and notes receivables” for
contract. Benefits from these contracts are recorded in the
incurred, on a given date, with the expected total costs of the
completion is determined by comparing the cumulative costs
the outcome can be determined reliably. The percentage of
service is performed, based on the stage of completion when
platform with customers are recognized as and when the
Revenues for development projects and/or migration of
outcome of a fixed price contract cannot be estimated reliably,
liabilities” for the portion of deferred revenue. When the
incurred probably recoverable.
revenue is recognized only to the extent of contract costs
the share of proceeds to be received and under “Other current