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E
Financial
E.5
Parent company summary financial statements
Atos
|
Registration Document 2016
225
E
Liquidity risk at December
31, 2016
Instruments
Fix/Variable
Line (in €million)
Maturity
Syndicated loan
Variable
1,800
November 2021
Securitization program
Variable
200
June 2018
Bond borrowing
Fix
600
July 2020
Bond borrowing
Fix
300
September 2023
Credit risk
In its trade relations, the Group manages its credit risk with a
The Group has a fully-integrated process concerning credit risk.
portfolio of diversified customers and follow-up tools.
and its market operations by rigorously selecting leading
Financially, the Group monitors the credit risk on its investments
Group thus considers its credit risk exposure as being limited.
financial institutions and by using several banking partners. The
Market risk
The Group monetary assets comprise receivables and loans,
comprise financial, operating and other liabilities.
securities investments and cash at bank. Monetary liabilities
Interest rate risk
risks:
The exposure to interest rate risk encompasses two types of
a price risk on fixed-rate financial assets and liabilities. For
•
of fixed-rate financial assets and liabilities. However, this loss
fall. A change in interest rates would impact the market value
exposed to potential opportunity losses should interest rates
example, by contracting a fixed-rate liability, the Company is
maturity of these assets and liabilities;
and, as such, future net income of the Company up to
expenses as reported in the Company’s Income Statement
of opportunity would not impact financial income and
a cash-flow risk on floating-rate financial assets and liabilities.
•
little effect on floating-rate financial assets and liabilities.
The Company considers that a variation in rates would have
Group’s Treasury department.
leading financial institutions and centrally are managed by the
used to hedge the debt are swap contracts, entered into with
floating-rate financial debt. Authorized derivative instruments
interest rates by swapping to fixed rate a portion of the existing
Atos objective is to protect the Group against fluctuations in
Related parties
Note
19
under market conditions.
There is no transaction made by the Company (trade mark fees, financing operations and tax consolidation) that were not performed
Subsequent events
Note
20
employee shareholding plan entitled “Sprint 2016” under the
On 2016, November 30 Atos SE announced the launch of the
French Labor Code (Code du travail).
Code (Code de Commerce) and articles L. 3332-18 et seq. of the
framework of article L. 225-138-1 of the French Commercial
105,203,644 after the operation.
consequently increased by € 294,965, amounting a total of €
the shares occuring as of February 17, 2017. The share capital is
to December 22, 2016 (inclusive), with a settlement-delivery of
The subscription period has taken place from December 1, 2016