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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
223
Registration Document 2016 — Capgemini
Current and non-current provisions
Note 25
impact of the time value of money is material.
amount of the obligation. Provisions are discounted when the
past event; (ii) it is probable that an outflow of resources
has a present obligation (legal or constructive) as a result of a
obligation; and (iii) a reliable estimate can be made of the
embodying economic benefits will be required to settle the
Financial Position at the year-end if, and only if, (i) the Group
A provision is recognized in the Consolidated Statement of
Movements in current and non-current provisions break down as follows:
in millions of euros
2015
2016
At January 1
72
118
Charge
64
46
Reversals (utilization of provisions)
(12)
(14)
Reversals (surplus provisions)
(18)
(16)
Other
12
(4)
AT DECEMBER 31
118
130
At December 31, 2016, current provisions (€104 million) and non-current provisions (€26 million) mainly concern risks relating to projects
€20 million (€19 million at December 31, 2015).
and contracts amounting to €110 million (€99 million at December 31, 2015) and risks relating to tax and labor disputes amounting to
Other current and non-current liabilities
Note 26
At December 31
(in millions of euros)
Notes
(1)
2015
2016
Special employee profit-sharing reserve
32
28
Derivative instruments
23
217
89
Liabilities related to acquisitions of consolidated companies
116
147
Non-current tax liabilities
18
16
Other
75
87
OTHER CURRENT AND NON-CURRENT LIABILITIES
22
458
367
Certain reclassifications have been made to 2015 amounts to conform to current year presentation. These reclassifications had no impact on net income nor on net cash flows.
(1)
EMC in 2012 and 2013 on their investments in CPM Braxis and earn-outs granted at the time of certain acquisitions.
Liabilities related to acquisitions of consolidated companies consist for €135 million of put options granted to Caixa Participacões and
Derivative instruments primarily consist of EUR/USD fix-to-fix cross currency swaps valued at €35 million at December 31, 2016
“ORNANE 2013” bonds, valued at €162 million. This option was exercised in 2016 on the early redemption of the ORNANE 2013 bonds
(€20 million at December 31, 2015). At December 31, 2015, derivative instruments also included the conversion option embedded in the
(see Note 21 – Net debt / Net cash and cash equivalents).
Accounts and notes payable
Note 27
At December 31
(in millions of euros)
Note
2015
2016
Accounts payable
1,015
1,105
Accrued taxes other than income tax
390
392
Personnel costs
1,303
1,311
Other
16
10
AND NOTES PAYABLE
22
2,724
2,818