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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
214
Registration Document 2016 — Capgemini
Changes in working capital requirements (WCR) and the reconciliation with the Consolidated Statement of Financial Position are as follows:
in millions of euros
Notes
(Consolidated Statement of Financial Position)
Working capital requirement components
no cash impact
Neutralization of items with
of Cash
Statement
items
Flows
December
31, 2015
December
31, 2016 impact
Net
items
(1)
capital
working
Non
of WCR
Impact
items impact
profit
Net
impact
exchange
Foreign
Reclas-
in Group
changes
and
sifications
(2)
structure Amount
costs on projects
receivable, excl. capitalized
Accounts and notes
19
2,946
2,981 (35)
(18)
(53)
-
(5)
(7)
(65)
Capitalized costs on projects
19
109
93
16
-
16
-
(3)
-
13
Advances from customers
and billed in advance
19
(739)
(737)
(2)
-
(2)
-
22
-
20
notes receivable and
Change in accounts and
advance
and amounts billed in
advances from customers
(21)
(18)
(39)
-
14
(7)
(32)
(accounts payable)
Accounts and notes payable
27 (1,015)
(1,105)
90
8
98
-
20
10
128
notes payable
Changes in accounts and
90
8
98
-
20
10
128
Other non-current assets
18
457
374
83
(91)
(8)
-
-
(16)
(24)
Other current receivables
20
543
627 (84)
30
(54)
(2)
(9)
15
(50)
(excluding accounts payable)
Accounts and notes payable
27 (1,709)
(1,713)
4
1
5
-
7
4
16
Other non-current & current
liabilities
26
(458)
(367)
(91)
127
36
(1)
(34)
(2)
(1)
Change in other
receivables/payables
(88)
67
(21)
(3)
(36)
1
(59)
WORKING CAPITAL
CHANGE IN OPERATING
38 (3)
(2)
4
37
Non-working capital items comprise cash flows relating to investing and financing activities, payment of the income tax expense and non-cash items,
(1)
The Reclassifications heading mainly includes changes relating to the current and non-current reclassification of certain accounts and notes receivable and payable and changes in the
(2)
position of certain tax and employee-related receivables and payables in assets or liabilities.
Net cash used in investing activities
€251 million (compared with €3,586 million in 2015) reflect:
The main components of net cash used in investing activities of
plant and equipment, net of disposals, primarily due to
cash outflows of €117 million relating to acquisitions of property,
◗
purchases of computer hardware for client projects or the partial
refurbishment of office space;
renewal of IT installations and the renovation, extension and
assets, net of disposals, mainly involving software for customer
cash outflows of €59 million relating to acquisitions of intangible
◗
assets (see Note 13, Goodwill and intangible assets).
projects or for internal use and internally generated intangible
Net cash from financing activities
Net cash outflows as a result of financing activities totaled
2015) and mainly comprised:
€1,115 million (compared with cash inflows of €2,364 million in
€500 million;
the redemption of the 2011 bond issue in the amount of
◗
November 21, 2016 in the amount of €400 million;
the early redemption of ORNANE 2013 bonds outstanding at
◗
implementation of the liquidity agreement;
mainly under the share buyback program and in respect of the
cash outflows of €340 million for the buyback of own shares
◗
payment of the 2015 dividend of €229 million;
◗
of interest received;
cash outflows of €72 million in respect of interest payments net
◗
cash outflows of €56 million to repay obligations under finance
leases, compensated by:
cash inflows of €497 million following the 2016 bond issue.
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