AXWAY_REGISTRATION_DOCUMENT_2017
AXWAY GROUP AND ITS BUSINESS ACTIVITIES
CORPORATE RESPONSIBILITY
CORPORATE GOVERNANCE
CONSOLIDATED FINANCIAL STATEMENTS
2017 ANNUAL FINANCIAL STATEMENTS
CAPITAL AND AXWAY SOFTWARE STOCK
INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES
COMBINED GENERAL MEETING OFb6bJUNEb2018
Notes to the financial statements
4.5 Notes to the financial statements
Summary of the notes to the financial statements
7.4 7.5 7.6
Other non-current liabilities Trade accounts payables Other current liabilities
141 141 141
Notes to the consolidated financial
statements
122
NoteǾ8 Property, plant and equipment, and intangible assets
142 142
NoteǾ1 Accounting principles
122 122 122 124 124 124 125 126 126 126 127 127 127 127 127 127 128 128 129 129 129 129 129 130 130 130 130 131 133
8.1
Goodwill
1.1 1.2 1.3 2.1 2.2 2.3 2.4 2.5
Basis of preparation
8.1.1 Changes in goodwill 142 8.1.2 Determination of goodwill for business combinations 142 8.1.3 Foreign exchange gains and losses 143 8.2 Impairment tests 143 8.3 Other intangible assets 145 8.4 Property, plant and equipment 146 NoteǾ9 Provisions 148 NoteǾ10 Financing and management of financial risks 148 10.1 Costs of net financial debt 148 10.2 Other financial income and expense 149 10.3 Cash and cash equivalents 149 10.4 Financial liabilities − Net debt 150 10.5 Financial instruments recorded inbthebbalance sheet 151 10.6 Management of financial risks 153 10.6.1 Credit risk 153 10.6.2 Liquidity risk 153 10.6.3 Market risks 153 NoteǾ11 Cash flows 156 11.1 Change in net debt 156 11.2 Reconciliation of WCR with the cash flow statement 157 11.3 Other cash flows 157 NoteǾ12 Equity and earnings per share 157 12.1 Changes in the share capital 157 12.2 Share subscription option plans 158 12.3 Bonus share plan 158 12.4 Capital reserves 159 12.5 Dividends 159 12.6 Capital management objectives, policy and procedures 159 12.7 Earnings per share 159 NoteǾ13 Related-party transactions 160 13.1 Transactions with Sopra-Steria Group, Sopra- Steria Group affiliate companies and Sopra GMT 160
Application of new standards andbinterpretations Significant estimates and accounting judgments
NoteǾ2 Methods and scope of consolidation
Consolidation method Foreign currency translation Principal acquisitions Other changes in scope
Comparability of the financial statements
NoteǾ3 Segment information
3.1 3.2
Geographical breakdown of revenue Geographical breakdown of non-current assets
NoteǾ4 Operating profit
4.1
Revenue
4.1.1 Revenue recognition 4.1.2 Revenue by business line 4.1.3 International operations
4
4.2
Purchases and external expenses
4.2.1 Purchases
4.2.2 External expenses
4.3
Depreciation and amortization, provisions and impairment Amortization of allocated intangible assets Other operating income and expenses
4.4 4.5
NoteǾ5 Employees and commitments towards employees
5.1 5.2 5.3 5.4 5.5
Employee costs
Workforce
Retirement benefits and similar commitments Share-based and similar payment expenses Compensation of senior executives (related parties) 134
NoteǾ6 Corporate income tax
135 135
6.1 6.2
Analysis table
Reconciliation between the theoretical and effective tax charge Tax impact of gains and losses recognized directly in other comprehensive income Deferred tax assets and liabilities
135
13.2 13.3
Subsidiaries and associated entities Relationships with other related parties
160 160
6.3
135 136 136 136 137 137 138
6.4
NoteǾ14 Off-balance-sheet commitments and contingent liabilities
6.4.1 Breakdown by maturity 6.4.2 Change in net deferred tax
161 161 162 162 162 162
14.1 14.2 14.3 14.4 14.5
Contractual obligations
6.4.3 Breakdown of net deferred tax by type 6.4.4 Deferred tax assets not recognized by the Group
Commitments given related to recurring operations 162
Covenants
6.5
Maturity of tax losses carried forward
Contingent liabilities
NoteǾ7 Components of working capital
Pledges, guarantees and surety
requirements and other financial assets and liabilities
NoteǾ15 Events after the reporting period NoteǾ16 List of consolidated companies at 31bDecember 2017
139 139 140 140
7.1 7.2 7.3
Non-current financial assets
163
Trade receivables
Other current receivables
121
AXWAY - 2017 REGISTRATION DOCUMENT
Made with FlippingBook Learn more on our blog