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5
Group Information
Investments
31
Worldline
2016 Registration Document
Investments in shared infrastructure.
The Group invested
●
a total of €
42.7 million over the period 2015-2016 in shared
infrastructure – infrastructure that is not dedicated to a
single client – which consists principally of network
equipment and servers;
Investments in infrastructure
dedicated to specific clients.
●
The Group invested a total of €
17.4 million over the period
2015-2016 in dedicated equipment for specific clients
(principally dedicated servers and terminals leased to clients).
The following table shows capital expenditures (purchases of tangible and intangible assets) by type of expenditure for the periods
indicated.
(in € million)
12 months ended
December 31, 2016
12 months ended
December 31, 2015
Capitalized production
Development of new software platforms
34.3
38.4
Development of software for specific customers
10.4
2.7
IT Platform
0.7
2.0
Total capitalized production
45.4
43.1
Other purchases of tangible and intangible assets
Shared infrastructure
27.3
15.4
Dedicated infrastructure
9.8
7.6
Other
0.8
2.5
Total other purchases of tangible and intangible assets
37.9
25.5
Total capital expenditures (purchases of tangible and intangible assets)
83.3
68.6
Gross Financial Investments
€
142.8
million, corresponding to the acquisition of 100% of
Paysquare and 80% of Cataps s.r.o. (KB SmartPay).
Between 2015 and 2016, the Group’s cumulative gross financial
investments (amounts paid for financial assets) amounted to
Principal Investments Currently Underway and Planned
5.2.2
The Group estimates that its capital expenditures in 2017 for
maintaining and upgrading its IT equipment and its software
platforms should increase in absolute value compared with
2016, reflecting the enlarged scope of the Company.
Including the investment derived from the Equens integration
plan, the Group expects its average annual level of capital
expenditure to be above 6% of revenue in the short term and
between 5% and 6% of revenue in the medium term.
The Group self-finances the investments currently underway,
and does not use financial borrowing.