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E
Financial
E.4
Consolidated financial statements
Atos
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Registration Document 2016
157
E
Assets securitization
transferred assets and the financial liability are valued at their
amortized costs.
Assets securitization programs, in which the Group retains
substantially all the risks and rewards of ownership of the
transferred assets, do not qualify for de-recognition. A financial
liability for the consideration received is recognized. The
Derivative financial instruments
accounting, whereupon:
Derivative instruments are recognized as financial assets or
liabilities at their fair value. Any change in the fair value of these
derivatives is recorded in the income statement as a financial
income or expense, except when they are eligible for hedge
hedging instruments;
a corresponding entry in the income statement, where it is
offset simultaneously against changes in the fair value of
for fair value hedging of existing assets or liabilities, the
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hedged portion of an instrument is measured on the balance
sheet at its fair value. Any change in fair value is recorded as
“Other financial income and expenses”. Amounts deferred in
equity are taken to the income statement at the same time as
the related cash flow.
for cash flow hedging, the effective portion of the change in
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fair value of the hedging instrument is directly offset in
shareholders’ equity as “items recognized directly in equity”.
The change in value of the ineffective portion is recognized in
Cash and cash equivalents
Cash and cash equivalents include cash at bank and financial
fair value. Changes in fair value are recorded in the income
statement under “Other financial income and expenses”.
but provide for early withdrawal and a capital guarantee may
also be classified as cash equivalents under certain
circumstances. Money market securities are recognized at their
are held for the purpose of meeting short-term cash
commitments and have a short maturity, in general three
months or less from the date of acquisition. Some instruments,
such as term deposits, that have at inception a longer maturity
instruments such as money market securities. Such financial
instruments are readily convertible to a known amount of cash
and are subject to an insignificant risk of change in value. They
Cash and cash equivalents are measured at their fair value
through profit and loss.
For entities having subscribed to the Group cash pooling
agreement, the cash/debt balance sheet positions which are
linked to this agreement are mutualized and only the net
position is presented in the consolidated balance sheet.
Treasury stock
equity. In the event of a disposal, the gain or loss and the
related tax impacts are recorded as a change in consolidated
shareholders’ equity.
acquired cost as a deduction from consolidated shareholders’
Atos shares held by the parent company are recorded at their
Pensions and similar benefits
when the related services have been provided by beneficiaries.
on contributions paid or due in respect of the accounting period
Employee benefits are granted by the Group through defined
contribution and defined benefit plans. Costs relating to defined
contribution costs are recognized in the income statement based
includes the formulation of specific assumptions, detailed in
Note 20, which are periodically updated, in close liaison with
external actuaries used by the Group.
single actuarial method known as the “projected unit credit
method”. This method relies in particular on projections of future
benefits to be paid to Group employees, by anticipating the
effects of future salary increases. Its implementation further
The valuation of Group defined benefit obligations is based on a
at their fair value, determined at closing.
Plan assets usually held in separate legal entities are measured
following complementary investigations carried-out when
appropriate.
The fair value of plan assets is determined based on valuations
provided by the external custodians of pension funds and
period are recognized in “other comprehensive income”.
experience adjustments generated by actual developments
differing, in the accounting period, from assumptions determined
at the end of the previous accounting period. All actuarial gains
and losses on post-employment benefit plans generated in the
related assets is combined at each benefit plan’s level to form
actuarial differences. These actuarial differences may result
either from changes in actuarial assumptions used, or from
From one accounting period to the other, any difference between
the projected and actual pension plan obligation and their
income and expenses”.
Benefit plan costs are recognized in the Group’s operating
income, except for interest costs on obligations, net of expected
returns on plans assets, which are recognized in “other financial
Provisions
Provisions are recognized when:
the Group has a present legal, regulatory, contractual or
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constructive obligation as a result of past events and;
it is probable that an outflow of resources embodying
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economic benefits will be required to settle the obligation; and
the amount has been reliably quantified.
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Provisions are discounted when the time value effect is material.
Changes in discounting effects at each accounting period are
recognized in financial expenses.