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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
187
Registration Document 2016 — Capgemini
in millions of euros
2015
2016
Profit for the year attributable to owners of the Company
1,124
921
Finance cost savings linked to the conversion of debt instruments,
net of tax
6
20
Diluted profit for the year attributable to owners of the Company
1,130
941
Weighted average number of ordinary shares
168,452,917
169,450,721
Adjusted for:
“ORNANE 2013” convertible bonds
5,958,587
5,305,591
Performance shares and free shares that can be granted
3,127,934
4,201,908
Redeemable Share Subscription or Purchase Warrants (BSAAR)
1,042,081
122,560
Weighted average number of ordinary shares (diluted)
178,581,519
179,080,780
DILUTED EARNINGS PER SHARE
(in euros)
6.33
5.25
Normalized earnings per share
in millions of euros
2015
2016
Profit for the year attributable to owners of the Company
1,124
921
Remeasurement of deferred tax assets on US tax loss carry-forwards
(476)
Tax income (net) in respect of goodwill arising on legal restructurings
(180)
income (net) in respect of goodwill arising on legal restructurings and
remeasurement of deferred tax assets on US tax loss carry-forwards
Profit for the year attributable to owners of the Company – excluding the tax
648
741
Other operating income and expenses, net of tax calculated at the effective tax rate
167
212
Normalized profit for the year attributable to owners of the Company
815
953
Weighted average number of ordinary shares
168,452,917
169,450,721
NORMALIZED EARNINGS PER SHARE
(in euros)
4.84
5.62
Equity
Note 12
ownership
Incentive instruments and employee share
a) Instruments granted to employees
Shares subject to performance and presence conditions
Performance shares are granted to a certain number of Group
vesting period of at least two or four years, depending on the
tax residence of the beneficiary.
employees, subject to performance (internal and external) and
presence conditions. Share grants become definitive after a
value of the benefit granted to the employee at the grant date.
The shares are measured at fair value, corresponding to the
grant date, implicit share price volatility, the risk-free interest
rate, the expected dividend yield and market performance
conditions is calculated using the “Monte Carlo” model, which
incorporates assumptions concerning the share price at the
The fair value of shares subject to external performance
conditions.
risk-free interest rate and the expected dividend yield.
share price at the grant date, share transfer restrictions, the
presence conditions is calculated using a model in compliance
with IFRS 2, which incorporates assumptions concerning the
The fair value of shares subject to internal performance and/or
conditions).
rates for eligible employee categories, which are reviewed each
year and internal performance conditions (non-market
The expense recognized also takes into account staff attrition
This amount is recognized in “Other operating income and
expense” in the Income Statement on a straight-line basis over
the vesting period, with a corresponding adjustment to equity.
b) Instruments proposed to employees
Redeemable share subscription or purchase warrants
(BSAAR)
by the employees and corporate officers of the Group.
They confer entitlement to subscribe for Cap Gemini S.A.
shares at a strike price determined at their date of acquisition
Redeemable share subscription or purchase warrants were
proposed to employees and corporate officers of the Group.