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E
Financial
E.4
Consolidated financial statements
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196
Off-balance sheet commitments
Note
27
Contractual commitments
The table below illustrates the minimum future payments for firm obligations and commitments over the coming years. Amounts
indicated under the long-term borrowings and finance leases are posted on the Group balance sheet.
(In € million)
Maturing
2016
December
31,
Up to 1 year
1
to 5 years Over 5 years
2015
December
31,
Bonds
900.0
-
600.0
300.0
600.0
Bank loans
580.0
-
580.0
-
580.0
Finance leases
42.5
22.6
19.0
0.9
50.7
Recorded on the balance sheet
1,522.5
22.6 1,199.0
300.9 1,230.7
Operating leases: land, buildings, fittings
985.1
193.9
560.2
231.0
867.8
Operating leases: IT equipment
172.4
82.7
89.6
0.1
210.9
Operating leases: other fixed assets
70.3
29.9
40.4
0.0
75.4
Non-cancellable purchase obligations (>5 years)
65.1
24.9
35.8
4.4
62.4
Commitments
1,292.9
331.4
726.0
235.5 1,216.5
TOTAL
2,815.4
354.0 1,925.0
536.4 2,447.2
Financial commitments received (Syndicated Loan)
1,220.0
-
1,220.0
-
1,220.0
TOTAL RECEIVED
1,220.0
-
1,220.0
-
1,220.0
The received financial commitment refers exclusively to the non-utilized part of the € 1.8 billion revolving facility.
Commercial commitments
(In € million)
December
31, 2016
December
31, 2015
Bank guarantees
232.2
198.9
Operational - Performance
•
175.9
145.9
Operational - Bid
•
9.7
21.5
Operational - Advance Payment
•
26.3
19.7
Financial or Other
•
20.3
11.8
Parental guarantees
5,437.3
5,501.3
Operational - Performance
•
4,907.5
5,447.0
Financial or Other
•
529.8
54.3
Pledges
3.7
1.5
TOTAL
5,673.2
5,701.7
€ 539.5 million is mainly due to the UK with the closure of the
performance guarantees to its clients. These guarantees amount
For various large long term contracts, the Group provides
€ 5,447 million at the end of December 2015. This decrease of
to € 4,907.5 million as of December 31
st
, 2016, compared with
MOJ and SCB guarantees.
benefit of the consortium of banks represented by BNP Paribas,
November 2014, Atos SE issued a parental guarantee to the
subsidiaries, Atos Telco Services B.V. and Atos International B.V.
in order to cover up to € 660.0 million the obligations of its
In relation to the multi-currency revolving facility signed in
in relation to a securitization program involving certain of its
Atos SE has given a € 204.0 million guarantee to Ester Finance
subsidiaries.
Atos SE or Atos International B.V. has given guarantees of
general financial support to various subsidiaries at the request of
auditors or to comply with local regulations.
during its March 29, 2011 meeting, agreed to provide a 20 year
transfer of SIS UK pension liabilities, the Board of Atos SE,
accommodate the transfer. The maximum amount of the
guarantee to the Atos 2011 Pension Trust set up to
As part of the general agreement with Siemens in respect of the
guarantee is GBP 200.0 million.
In the framework of the UK Atos Pension Funds (“UK APF”)
indexation negotiations, the board of Atos SE, during its
APF (currently Atos IT UK Limited and Atos IT Services UK
guarantee to the Atos Pension Schemes Limited as trustee of the
December 17, 2015 meeting, agreed to provide a parental
guarantee the obligations of the sponsoring employers of the UK
Atos Pension Fund. Under the said guarantee, Atos SE will