AXWAY_REGISTRATION_DOCUMENT_2017

AXWAY GROUP AND ITS BUSINESS ACTIVITIES Notes to the financial statements

CORPORATE RESPONSIBILITY

CORPORATE GOVERNANCE

CONSOLIDATED FINANCIAL STATEMENTS

2017 ANNUAL FINANCIAL STATEMENTS

CAPITAL AND AXWAY SOFTWARE STOCK

INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES

COMBINED GENERAL MEETING OFb6bJUNEb2018

4.5 Other operating income and expenses The following non-recurring expenses are recognized under this item: ● €2,042Ǿthousand in restructuring expenses for our operations mainly in France, Germany, Sweden and the United States; ● €603Ǿthousand in specific costs related to the acquisition of the Syncplicity Group; ● €298Ǿthousand relating to a reassessment notification from URSSAF.

Non-recurring expenses for fiscal yearǾ2016 were:

● €4,751Ǿthousand in restructuring expenses for our operations mainly in France, Belgium, the Netherlands and the United States; ● €1,998Ǿthousand in specific costs related to the acquisition of the Appcelerator Group. Non-recurring expenses forǾ2015 were: ● €10,368Ǿthousand in restructuring expenses for our operations in France, Germany, the UK, Sweden and the United States; ● €125Ǿthousand in specific costs related to the acquisition of the Systar Group and the study of the buyback of Appcelerator in the United States.

NoteǾ5 Employees and commitments towards employees 5.1 Employee costs

2017

2016

2015

(in thousands of euros)

Salaries

150,934 37,421

150,760 38,808

141,228 38,052

Social charges

Employee profit sharing

118

559

869

Total

188,473

190,127

180,150

5.2 Workforce

2017

2016

2015

France

518

607

680

International

1,321 1,839

1,323 1,930

1,204 1,884

Total

Average no. of employees

2017

2016

2015

France

565

637

691

International

1,349 1,914

1,311 1,948

1,232 1,922

Total

130

AXWAY - 2017 REGISTRATION DOCUMENT

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