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20
Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults
Parent Company summary financial statements
232
Worldline
2016 Registration Document
Subsequent events
Note
20
No events
Statutory Auditors’ report on the financial statements for the year
20.2.3
ended December
31, 2016
provided solely for the convenience of English-speaking readers.
This is a free translation into English of the Statutory Auditors’ report on the financial statements issued in the French language and is
information is presented below the audit opinion on the financial statements and includes an explanatory paragraph discussing the
The Statutory Auditors’ report includes information specifically required by French law in such reports, whether modified or not. This
issuing an audit opinion on the financial statements taken as a whole and not to provide separate assurance on individual account
auditors’ assessments of certain significant accounting and auditing matters. These assessments were considered for the purpose of
captions or on information taken outside of the financial statements.
documents addressed to the shareholders.
This report also includes information relating to the specific verifications of information given in the management report and in the
This report should be read in conjunction and construed in accordance with French law and professional auditing standards applicable
in France.
To the Shareholders,
Annual General Meetings, we hereby report to you for the year
In compliance with the assignment entrusted to us by your
ended December
31, 2016 on:
The audit of the accompanying financial statements of
●
Worldline;
The justification of our assessments;
●
The specific verifications and information required by law.
●
Directors. Our role is to express an opinion on these financial
These financial statements have been approved by the Board of
statements, based on our audit.
Opinion on the financial statements
I.
accounting principles used and significant estimates made, as
financial statements. An audit also includes assessing the
statements. We believe that the audit evidence we have
well as evaluating the overall presentation of the financial
basis for our opinion.
obtained is sufficient and appropriate to provide a reasonable
misstatements. An audit involves performing procedures, using
evidence supporting the amounts and disclosures in the
sampling techniques or other selection methods, to obtain audit
We conducted our audit in accordance with professional
plan and perform the audit to obtain reasonable assurance
standards applicable in France. Those standards require that we
about whether the financial statements are free of material
Company as of December
31, 2016 and the results of its
of the financial position and the assets and liabilities of the
accounting principles.
operations for the year then ended in accordance with French
In our opinion, the financial statements give a true and fair view
Justification of our assessments
II.
In accordance with the requirements of article L.
823-9 of the
justification of our assessments, we bring to your attention the
French Commercial Code (Code de commerce) relating to the
following matters:
Company, and analyzing the procedure adopted by
departments, reviewing the calculations performed by the
management to approve such estimates;
accounting methods” of the financial statements. Our work
the note “Financial assets” under Section
20.2.2.3 “Rules and
underlying these estimates, especially the cash flow
consisted in appreciating the data and assumptions
forecasts prepared by the Company’s operational
628.3 million in the balance sheet as of December
31, 2016,
Participating interests, with a net book value of Euro
●
their value in use according to the procedures described in
are valued at acquisition cost and depreciated based on
verifying that the accounting policies were correctly applied
information made available to us, our work consisted in
determined by the Company’s management.
and assessing the estimated margins at contract completion
The note “Revenue” under Section
20.2.2.3 “Rules and
●
methods used to recognize revenue. Based on the
accounting methods” of the financial statements outlines the
These assessments were performed as part of our audit of the
to the expression of our opinion in the first part of this report.
financial statements taken as a whole and therefore contributed
information
Specific verifications and
III.
applicable in France.
French law in accordance with professional practice standards
We have also performed the specific verifications required by