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FINANCIAL INFORMATION
4.4 2016 Financial statements
4
251
Registration Document 2016 — Capgemini
Change in deferred tax liabilities
Deferred tax on temporary differences
(in thousands of euros)
Prior year amount
Current year amount
Non-deductible provisions
Organic sales tax
97
43
Provisions for contingencies and losses
Provision for foreign exchange losses
143
573
Net asset value differences on UCITS
1
0
Unrealized foreign exchange gains
208
4,261
Unrealized foreign exchange losses
(143)
(573)
Remeasurement differences on receivables and payables and fair value
measurement of derivatives
228,164
96,742
Amortization of the derivative on own shares
8,330
0
TOTAL
236,800
101,047
Tax rate for temporary differences
34.43%
34.43%
DEFERRED TAX
81,530
34,790
Deferred tax assets
Tax losses carried forward
746,237
649,681
Tax rate for temporary differences
34.43%
34.43%
DEFERRED TAX
256,929
223,685
III - Other information
20. Off-balance sheet commitments
a) Commitments given in favor of subsidiaries
Guarantees, deposits and comfort letters granted by Cap Gemini S.A. to its subsidiaries at December 31, 2016 break down as follows:
(in thousands of euros)
Amount
Financial items
■
108,281
Operating items
■
1,269,571
Tax items
■
15,060
TOTAL
1,392,912
cash facilities in the form of credit lines. Total draw-downs on
in respect of financial items provide them with access to local
Guarantees, deposits and comfort letters granted to subsidiaries
€18,686 thousand.
these credit lines at December 31, 2016 amounted to
b) Other commitments
Industries, Euroclear, the Metropolitan Police, Ontario Power
signed with HM Revenue & Customs, Schneider Electric
for a number of major contracts. These include the contracts
The Group has provided performance and/or financial guarantees
and Michelin.
Monsanto, Becton Dickinson & Company, Carnival Corporation
Services, Inc., the Department of Work and Pensions, EMC,
Generation Inc., Environment Agency, Johnson & Johnson
to reflect changes in revenues, business activities and risk profiles.
(including maximum coverage) are regularly reviewed and adjusted
companies. The terms and conditions of this insurance program
comprising a number of policies taken out with leading insurance
activities. The insurance is part of a worldwide program
liability claims that may be filed against them as a result of their
insured for the financial implications of any civil or professional
entities which it directly or indirectly owns more than 50%, are
Cap Gemini S.A., together with all of its subsidiaries and any
the agreement signed on May 25, 2004 with France Telecom to
Cap Gemini S.A. granted a financial guarantee in connection with
January 1, 2012 for a term of six years.
telecommunications network for a term of eight years, renewed on
transfer the management of part of the latter’s
c) Financial instruments
Currency hedges/Derivative instruments
down as follows:
denominated internal financing arrangements, primarily break
instruments negotiated in respect of foreign currency
At December 31, 2016, the values of external currency derivative
€2,901 thousand for a nominal amount of SEK1,205
a euro/Swedish krona swap with a positive value of
◗
(€126 million);
(€9 million);
€270 thousand for a nominal amount of AUD13 million
a euro/Australian dollar swap with a positive value of
◗