AXWAY_REGISTRATION_DOCUMENT_2017

Consolidated financial statements

4

“Axway: A business model with a balance between License, Cloud, Maintenance, Services andǾgeographical areas”

4.1 Consolidated statement of net income

116 118 119 120 121 164 169

4.2 Statement of cash flows

4.3 Statement of consolidated financial position

4.4 Changes in shareholders’ equity 4.5 Notes to the financial statements

4.6 Statutory Auditors’ report on the consolidated financial statements

4.7 Subsidiaries and associated entities

115

AXWAY - 2017 REGISTRATION DOCUMENT