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E
Financial
E.4
Consolidated financial statements
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Preliminary goodwill allocated to the Unify continuing operations
Goodwill on continuing operations was recognized as follows:
(in € million)
December
2016
Preliminary allocation of the consideration paid to continuing operations
242.3
Fair value of identifiable net assets
45.1
Preliminary goodwill
197.2
amounts, then the acquisition accounting will be revised at that
time.
acquisition date about facts and circumstances that existed at
the acquisition date that would lead to adjustments to the above
If new information is obtained within one year from the
The goodwill arising from this acquisition is not tax deductible.
Acquisition-related costs
The Group incurred in 2016 € 4.1 million of legal fees and due
Group’s consolidated income statement.
diligence costs related to this acquisition. These costs have been
recognized in “Other operating income and expenses” in the
on January 1, 2016
2016 revenue and result as though acquisition had occured
twelve-month revenue for 2016 would have been € 606 million
If the acquisition had occured on January 1, 2016, the
and the twelve-month net income would have been € 55.5
million.
Equens and Paysquare acquisition
After the completion of the regulatory processes in the
Netherlands and in Belgium, the acquisition of Equens and
Paysquare were finalized on September 30, 2016.
The business combination was made up of two components:
equensWorldline
•
shareholders. equensWorldline is held at 44.6% by Atos.
Equens resulted in the creation of equensWorldline held at
63.6% by Worldline and 36.4% by Equens’ previous
The merger of the Financial Services business of Worldline with
In accordance with IFRS 3, this operation has been treated as a
Financial Services Business.
non-controlling interest in the Financial Services Business. The
entity has been fully consolidated from October 1
st
, 2016 within
business combination with the takeover of equensWorldline by
Worldline and the sale to the former shareholders of Equens of a
the Worldline of 63.6% of the fair value of Equens estimated at
€ 400.3 million. The fair values at the acquisition date were
36.4% of the fair value of the Financial Services business
(estimated at € 700 million and to the counterpart received by
As the transaction is non cash, the consideration transferred by
Worldline to the former shareholders of Equens corresponds to
determined by an independent expert.
booked at fair value in the Atos consolidated financial statements
at the date of acquisition. Assets and liabilities of the Financial
The net assets and liabilities acquired from Equens have been
business combination as well as the part transferred to the
former Equens’ shareholders for € 5.5 million.
Services business are kept at their net book value before
The effects of the business combination on Atos Shareholder's equity are as follows:
(in € million)
controlling
interests
Financial Services business
transferred to non
Consideration
transferred for
the
takeover of Equens
Total
Group share
-5.5
178.5
173.0
Non controlling interests
5.5
221.8
227.3
TOTAL SHAREHOLDER’S EQUITY
0.0
400.3
400.3