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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
226
Registration Document 2016 — Capgemini
Contingent liabilities
companies underwent tax audits leading in some cases to tax
reassessments. A number of proposed adjustments have been
During 2016 and in previous fiscal years, certain Group
statements in so far as Capgemini can justify its positions and
considers the likelihood of winning the disputes to be high. This is
progress at the period end. In general, no provisions have been
set aside for these disputes in the consolidated financial
challenged and litigation and pre-litigation proceedings were in rejected the portion concerning private clients in certain
companies registered for the research tax credit.
particularly the case, in France, for research tax credits for the
period 2008 to 2013, in respect of which the tax authorities have
Related-party transactions
Note 30
Associates
immaterial volume.
Associates are equity-accounted companies over which the
since its acquisition in 2011. Transactions with this equity
associate in 2016 were performed at arm’s length and were of
Group exercises significant influence. At December 31, 2016,
O2C Pro LLC is the only company equity-accounted by the Group
Other related-parties
In 2016, no material transactions were carried out with:
of Cap Gemini S.A.;
shareholders holding significant voting rights in the share capital
◗
members of management, including directors;
◗
influence or holds significant voting rights.
entities controlled or jointly controlled by a member of key
◗
management personnel, or over which he/she has significant
Moreover, it is worth noting that Caixa Participacões, a minority
accounting for approximately 14% of its revenues.
shareholder, is also one of the main clients of CPM Braxis,
Officer is Yann Delabrière (a director of Cap Gemini S.A.), signed a
one-year agreement with Capgemini Consulting to provide this
Finally, MM Consulting, whose Chairman and Chief Executive
effect in October 2016.
€87,000 were invoiced to the consulting entity for work performed
in 2016 under the terms of the agreement which entered into
entity with assistance in the Digital Manufacturing market, by
contributing its knowledge of the automobile sector. Fees of
Group management compensation
each year-end, comprising 25 members in 2016 (24 members in
2015) and directors (compensation, fees and attendance fees).
compensation of members of management bodies,
encompassing the Group operating management structure at
The table below provides a breakdown of the 2015 and 2016
in thousands of euros
2015
2016
Short-term benefits excluding employer payroll taxes
(1)
23,185
24,166
o/w attendance fees to salaried directors
65
80
o/w attendance fees to non-salaried directors
(2) (3)
779
719
Short-term benefits: employer payroll taxes
6,328
4,573
Post-employment benefits
(4)
1,184
1,695
Share-based payment
(5)
6,035
9,781
Including gross wages and salaries, bonuses, profit-sharing, attendance fees and benefits in kind,
(1)
Note that Paul Hermelin has waived receipt of his attendance fees since 2011 (as did Serge Kampf from 2011 until his death),
(2)
15 directors in 2016 and 12 directors in 2015,
(3)
Primarily the annualized expense in respect of retirement termination payments pursuant to contract and/or a collective bargaining agreement,
(4)
Deferred recognition of the annual expense relating to the grant of performance shares.
(5)
Subsequent events
€1.55 per share in respect of 2016. A dividend of €1.35 per share was paid in respect of fiscal year 2015.
At the Ordinary Shareholders’ Meeting, the Board of Directors will recommend a dividend payout to Cap Gemini S.A. shareholders of