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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
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Registration Document 2016 — Capgemini
At December 31, 2016, short-term investments totaled
Markets Authority) for classification in the “monetary category”;
meeting the criteria defined by ESMA (European Securities and
€1,449 million and comprise mainly (i) money market mutual funds
or equivalent). Consequently, these short-term investments do not
rated companies or financial institutions (minimum rating of A2/P2
within three months or immediately available, issued by highly
and (ii) negotiable debt securities and term deposits maturing
expose the Group to any material credit risk.
Cash flows
Note 22
and financing activities.
year-on-year change in cash flows from operating, investing
The Consolidated Statement of Cash Flows analyzes the
Foreign currency cash flows are translated into euros at the
resulting from the translation of cash flows relating to foreign
average exchange rate for the year. Exchange gains or losses
cash equivalents” in the Statement of Cash Flows.
shown in “Effect of exchange rate movements on cash and
currency assets and liabilities at the year-end exchange rate are
Consolidated Statement of Cash Flows.
this decrease is €47 million. Cash flow impacts are shown in the
fluctuations on cash and cash equivalents of negative €31 million,
(€1,948 million). Excluding the impact of exchange rate
equivalents), down €78 million on December 31, 2015
€1,870 million (see Note 21, Net debt / Net cash and cash
At December 31, 2016, cash and cash equivalents totaled
Net cash from operating activities
In 2016, net cash from operating activities totaled €1,319 million
(compared with €1,004 million in 2015) and resulted from:
tax in the amount of €1,449 million;
cash flows from operations before net finance costs and income
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payment of current income taxes in the amount of €167 million;
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positive cash impact of €37 million.
a decrease in working capital requirements, generating a
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