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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
174
Registration Document 2016 — Capgemini
Accounting basis
Note 1
The consolidated financial statements for the year ended
December 31, 2016 and the notes thereto were adopted by the
Board of Directors on February 15, 2017. The consolidated
financial statements will be approved by the Combined
Shareholders’ Meeting, scheduled for May 10, 2017.
IFRS standards-base
A)
standards (IFRS, International Financial Reporting Standards) as
issued by the International Accounting Standards Board (IASB)
and endorsed by the European Union (EU).
Pursuant to European Commission Regulation no. 1606/2002 of
July 19, 2002, the 2016 consolidated financial statements have
been prepared in accordance with international accounting
The Group also takes account of the positions adopted by Syntec
Numérique, an organization representing major consulting and
computer services companies in France, regarding the application
of certain IFRSs.
The main accounting policies are presented at the beginning of
each note to the consolidated financial statements.
New standards and interpretations applicable in 2016
B)
mandatory application (published by the IASB,
endorsed by the EU, entered into effect on January 1,
2016)
New standards, amendments and interpretations of
a)
The accounting policies applied by the Group are unchanged on
amendments and interpretations which entered into effect on
January 1, 2016 and which had no material impact on the Group
financial statements.
those applied for the preparation of the 2015 consolidated
financial statements, with the exception of new standards,
the EU, not yet in effect at January 1, 2016)
New standards, amendments and interpretations not
b)
adopted early (published by the IASB, endorsed by
The potential impacts of the application of new standards,
amendments and interpretations on the Group consolidated
financial statements will not be material.
within Syntec Numérique in France on identifying application
issues relating to IFRS 15, Revenue from contracts with
being finalized.
customers. At the same time, the Group launched a project to
analyze, for a sample of contracts, any differences between
accounting policies currently applied and IFRS 15. The
conclusions of this analysis and the potential impacts are currently
The Group worked together with international sector players and
New standards, amendments and interpretations not
c)
yet endorsed (published by the IASB, not yet
endorsed by the EU, not yet in effect at January 1,
2016)
The Group did not elect to adopt early the standards,
amendments, and interpretations published by the IASB but not
yet endorsed by the European Union at December 31, 2016 or in
effect at January 1, 2016.
Use of estimates
C)
use of estimates and assumptions which may have an impact on
the reported values of assets and liabilities at the period end or on
certain items of either net profit or the income and expenses
The preparation of consolidated financial statements involves the
recognized directly in equity for the year. Estimates are based on
economic data and assumptions which are likely to vary over time
and are subject to a degree of uncertainty. They mainly concern
revenue recognition on fixed-price contracts accounted for on a
percentage-of-completion basis, recognition of deferred tax
assets, measurement of the recoverable amount of assets,
provisions for pensions and other post-employment benefits, the
fair value of derivatives, and provisions.