Atos - Registration Document 2016

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Financial
E.3 Financial review
Atos | Registration Document 2016
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Other operating income and expenses
expense of € 290.8 million in 2016. The following table presents this amount by nature:
Other operating income and expenses relate to income and expenses that are unusual, abnormal and infrequent and represented a net
(In € million)
12months ended
December 31, 2016
12months ended
December 31, 2015*
Staff reorganization -92,1 -96,3
Rationalization and associated costs -42,3 -41,8
Integration and acquisition costs -32,5 -51,8
Amortization of intangible assets (PPA from acquisitions) -95,9 -71,9
Equity based compensation -49,9 -33,3
Other items 21,9 -32,6
TOTAL -290,8 -327,7
December 31, 2015 adjusted to reflect change in presentation disclosed in "Basis of preparation and significant accounting policies". *
several countries such as Central & Eastern Europe, France,
Germany, Iberia, North America and the United Kingdom.
The € 92.1 million staff reorganization expense was mainly
the consequence of the adaptation of the Group workforce in
encompasses external costs linked to the continuation of
Worldline’s TEAM program (€ 3.7 million) including the
rationalization of office premises in France and Belgium.
centers consolidation, mainly in Germany (€ 11.7 million), North
America (€ 8.9 million) and Central & Eastern Europe
The € 42.3 million rationalization and associated costs
primarily resulted from the closure of office premises and data
(€ 4.5 million), linked to restructuring plans. This amount also
related to Unify, equensWorldline and Paysquare transactions,
and the remaining expenses related to Xerox ITO.
The € 32.5 million integration and acquisition costs mainly
mainly composed of:
The 2016 amortization of intangible assets recognized in
the Purchase Price Allocation (PPA) of € 95.9 million was
8.75 years starting July 1st, 2011;
€ 42.2 million of SIS customer relationships amortized over •
€ 19.6 million of Xerox ITO customer relationships amortized •
over 6 to 12 years starting July 1st, 2015;
September 1st, 2014;
€ 16.4 million of Bull customer relationships and Patents •
amortized over respectively 9.3 years and 9.9 years starting
over 2 to 10 years starting February 1st, 2016;
€ 9.6 million of Unify “CCS” customer relationships amortized •
and
amortized over 6.5 to 9.5 years starting October 1st, 2016;
€ 2.5 million of Equens and Paysquare customer relationships •
over 6 to 12 years starting October 1st, 2016.
€ 2.3 million of Anthelio customer relationships amortized •
The equity based compensation expense amounted to
expansion, the stock price evolution, as well as the achievement
of performance conditions on a prior plan.
€ 49.9 million within other operating income and expenses after
€ 33.3 million in 2015. The increase related to the scope
prior year was partially offset by a settlement in H1 of an old
litigation in Germany.
absence of specific program to reskill IT engineers unlike in the
The € 21.9 million profit in other items corresponded mainly to
the gain on the Visa share disposal for € 51.2 million. The