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E
Financial
E.4
Consolidated financial statements
Atos
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Registration Document 2016
143
E
work consisted in assessing the appropriateness of the
methodology applied and the data used to determine the
in Note 11 of section E.4.7.4 to the consolidated financial
statements. Based on the information provided to us, our
performance against budget, and in verifying the overall
consistency of assumptions with forecasts from each CGU’s
values-in-use, especially to review the cash-flow projections
for each cash-generating unit (“CGU”) and the actual
2016 was subject to impairment testing by the Company as
described in the “Goodwill” note of the section E.4.7.2 and
goodwill amounting to € 3,864.8 million as of December 31,
•
statements provides appropriate disclosure;
reviewed the calculations made by your Company and
verified that Note 11 to the consolidated financial
financial business plan approved by management. We have
used by management;
correctly applied. In addition, our work consisted in
assessing the reasonableness of the accounting estimates
consolidated financial statements outlines the methods
applied with respect to revenue recognition. Based on the
the “Revenue recognition” note in section E.4.7.2 of the
•
mentioned above and in ensuring that the methods are
information provided to us, our work consisted in assessing
the appropriateness of the information provided in the note
verifying that Note 20 of section E.4.7.4 to the consolidated
financial statements provides appropriate disclosure;
necessary. Based on the information provided to us, our
pension obligations and the plan assets valuation, on
verifying the consistency of assumptions used, and on
work consisted on assessing the appropriateness of the
methodology applied and the data used to assess the
to evaluate the pension commitments. The value of plan
assets is measured on the basis of valuations provided by
section E.4.7.2 of the consolidated financial statements, the
Company uses actuarial methods and actuarial assumptions
the external custodians of pension funds and these assets
are subject to additional verifications by management if
as specified in the “Pensions and similar benefits” note in
•
business plans covering a 3-year period. Our work consisted
in assessing the data and assumptions used by
section E.4.7.4 to the consolidated financial statements
provides appropriate disclosure;
management in order to verify the recoverability of deferred
tax assets recognized, and in verifying that Note 8 of
the Company recognizes deferred tax assets in an amount
•
of € 412.3 million in the consolidated statement of financial
position, on the basis of the December actual data and
disclosure.
certain employees. Based on the information provided to us,
our work consisted on assessing the appropriateness of the
and stock options plans granted to management and to
We also verified that Note 5 of section E.4.7.4 to the
consolidated financial statements provides appropriate
methodology applied, the data and assumptions used to
assess the fair values and expenses related to these plans.
Company uses methods and assumptions to evaluate fair
values and expenses of the period related to the free shares
as specified in the “Equity based compensation” note in
•
section E.4.7.2 of the consolidated financial statements, the
therefore contributed to our opinion expressed in the first part of
this report.
consolidated financial statements taken as a whole, and
These assessments were made as part of our audit of the
III. Specific verification
standards applicable in France, we have also verified the
information presented in the Group’s management report. We
As required by French law, in accordance with professional
have no matters to report as to its fair presentation and its
consistency with the consolidated financial statements.
Neuilly-sur-Seine, March 30, 2017
The statutory auditors
French original signed by
Deloitte & Associés
Jean-Pierre Agazzi
Grant Thornton
French member of Grant Thornton International
Victor Amselem