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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
188
Registration Document 2016 — Capgemini
Employee savings plan
possibility to subscribe for shares at a discounted preferential
following two items:
the Group adjusts the amount of the discount granted by the
Group to employees on the subscription price based on the
rate have been set up by the Group. When determining the
IFRS 2 expense measuring the benefit granted to employees,
Leveraged employee share ownership plans offering the
employees during a period of five years. This cost is
measured taking account of the five-year lock-in period. It
the cost of the non-transferability of shares granted to
◗
the market participant enters into a forward sale effective at
the end of the five-year lock-in period and simultaneously
based on the following assumptions:
proceeds from the forward sale of the share and the dividends
received during the lock-in period. This cost is calculated
borrows the amount necessary to buy a share available for
immediate transfer. This borrowing is financed with the
corresponds to the cost of a two-stage strategy under which
Executive Officer pursuant to the powers delegated by the
Board of Directors. This subscription price is equal to the
the subscription price is set by the Chairman and Chief
❚
during the twenty trading days preceding the decision of
the Chairman and Chief Executive Officer, to which a
average Cap Gemini S.A. share price, adjusted for volume,
discount is applied,
price,
informed of the specific characteristics and terms and
conditions of the offer and particularly the subscription
the grant date is the date at which employees are fully
❚
the cost of the non-transferability of shares, is the rate at
the loan rate granted to employees and used to determine
❚
average risk profile, for a term corresponding to the term of
the plan;
which a bank would grant a consumer loan repayable on
maturity without allocation, to a private individual with an
employees to benefit from market terms and conditions
identical to those of the Group.
the opportunity gain reflecting the possibility granted to
◗
In certain countries where the set-up of a leveraged plan
through an Employee Savings Mutual Fund (
fonds commun de
benefit offered by the Group corresponds to the amount of the
discount on the share subscription price.
not possible, the employee share ownership plan (ESOP)
includes a Stock Appreciation Rights (SAR) mechanism. The
placement entreprise
) or directly in the name of the employee is
Treasury shares
directly to equity, net of the tax effect, so that the post-tax gain
consolidated companies are shown as a deduction from equity,
at cost. Any proceeds from sales of treasury shares are taken
Cap Gemini S.A. shares held by the Company or by any
or loss on the sale has no impact on the Income Statement for
the period.
Derivative instruments on own shares
classification criteria for recognition in equity, they are initially
recognized in equity in the amount of the consideration received
When derivative instruments on own shares satisfy IAS 32
or paid. Subsequent changes in fair value are not recognized in
the financial statements, other than the related tax effect.
remeasurement of these instruments at the year-end is
recognized based on external valuations.
recognized in assets or liabilities at fair value. Changes in fair
value are recognized in profit or loss. The fair value
Where these instruments do not satisfy the aforementioned
criteria, the derivative instruments on own shares are
ownership
Incentive instruments and employee share
option plans
A)
The Group no longer grants stock options since the plan
authorized in 2005. The last grant under this plan was performed
in June 2008.
Performance share plans
B)
Board of Directors approved the terms and conditions and the list
of beneficiaries of these six plans.
conditions. On December 12, 2012, February 20, 2013, July 30,
2014, July 29, 2015, February 17, 2016 and July 26, 2016, the
employees, on one or several occasions and within a maximum
period of 18 months, subject to performance and/or presence
of Directors to grant shares to a certain number of Group
The Combined Shareholders’ Meetings of May 24, 2012, May 23,
2013, May 6, 2015 and then May 18, 2016, authorized the Board