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Financial
E.4
Consolidated financial statements
Atos
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Registration Document 2016
181
E
in the compartment “OFF” € 41.5 million receivables which
•
associated with the receivables were transferred.
qualify for de-recognition as substantially all risks and rewards
of December 2015. DSO has been positively impacted by the
The DSO ratio reached 30 days compared to 32 days at the end
contracts by 16 days compared to 13 days in December 2015.
implementation of financial arrangements on large customer
Ageing of net receivables past due
(In € million)
December
31, 2016
December
31, 2015
1-30 days overdue
90.4
76.8
31-60 days overdue
27.5
29.6
Beyond 60 days overdue
70.9
57.3
TOTAL
188.8
163.7
Movement in provision for doubtful debts
(In € million)
December
31, 2016
December
31, 2015
Balance at beginning of the year
-109.5
-113.3
Impairment losses recognized
-17.1
-28.8
Amounts written off as uncollectible
15.1
32.9
Impairment losses reversed
6.0
1.9
Impact of business combination
-22.9
-3.0
Reclassification and exchange differences
5.9
0.8
Balance at end of the year
-122.5
-109.5
Other current assets
Note
16
(In € million)
December
31, 2016
December
31, 2015
Inventories
52.8
59.9
State - VAT receivables
176.4
149.7
Prepaid expenses
425.6
310.5
Other receivables & current assets
447.3
342.5
Advance payment
35.1
6.3
TOTAL
1,137.2
868.9