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H
Appendix
H.5
Full index
Trusted partner for your Digital Journey
326
2017 objectives
E.2
133
Financial review
E.3
134
Income statement
E.3.1
134
Operating margin
134
Other operating income and expenses
135
Net financial expense
136
Corporate tax
136
Non-controlling interests
136
Normalized net income
136
Earnings per share
137
Cash Flow
E.3.2
139
Financing policy
E.3.3
140
Financing structure
E.3.3.1
140
Bank covenants
E.3.3.2
141
Investment policy
E.3.3.3
141
Hedging policy
E.3.3.4
141
Consolidated financial statements
E.4
142
Consolidated income statement
E.4.2
144
Consolidated statement of comprehensive income
E.4.3
145
Consolidated statement of financial position
E.4.4
146
Consolidated cash flow statement
E.4.5
147
Consolidated statement of changes in shareholders’ equity
E.4.6
148
Notes to the consolidated financial statements
E.4.7
150
Basis of preparation and significant accounting policies
E.4.7.2
151
Financial risk management
E.4.7.3
160
Notes to the consolidated financial statements
E.4.7.4
161
Parent company summary financial statements
E.5
204
Atos SE Financial statement
E.5.3
209
Balance sheet
E.5.3.1
209
Income statement
E.5.3.2
210
Notes to the Atos SE statutory financial statements
E.5.4
210
Atos SE financial summary for the last five years
E.5.5
226
F
Risks analysis
227
External risk factors
F.1
228
Themarket
F.1.1
228
Country risks
F.1.2
228
Environmental risks
F.1.3
228
Clients
F.1.4
228
Suppliers
F.1.5
229
Partnerships and subcontractors
F.1.6
229
Counterparty risk
F.1.7
229
Business risks
F.2
230
Innovation and newofferings
F.2.1
230
Technology and IT risks
F.2.2
230
Risks related to contracts and project performance
F.2.3
231
Acquisition / External growth risk
F.2.4
231