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

7.4 Other non-current liabilities

31/12/2017

31/12/2016

31/12/2015

(in thousands of euros)

Non-current asset liabilities – portion due in more than one year

877

886

781

Employee profit-sharing during the year

2,556

3,132

3,223

Conditional advances Financial derivatives

- -

- -

- - -

Deferred revenue

15,003 18,436

1,096 5,115

Total

4,004

The item “Employee profit-sharing” as of 31ǾDecember 2017 records Axway Software’s provisions for employee profit-sharing liabilities for the fiscal year. These amounts increase financial debt for the following year. The “Deferred revenue” figure at 31ǾDecember 2017 corresponds to the proportion of deferred revenue at more than one year, which significantly increased by the contribution of the Cloud assets from Syncplicity and the development of the Cloud within the Axway Group.

7.5 Trade accounts payables

31/12/2017

31/12/2016

31/12/2015

(in thousands of euros)

Trade payables

13,962

14,533

7,573

Liabilities on non-current assets

2,210

1,933

911

Trade payables − advances and payments on account, accruedbcredit notes

-

-

-

4

Total

16,172

16,466

8,483

7.6 Other current liabilities

31/12/2017

31/12/2016

31/12/2015

(in thousands of euros)

Employees

18,636

19,824

18,581 10,382 11,796

Social security Value added tax

8,878 6,576

9,348 8,814

Other tax liabilities Corporate income tax

2,806

1,053 2,896

932

Other liabilities

11,730

3,422 3,102

Restructuring provision

112

699

Total

48,738

42,634

48,215

141

AXWAY - 2017 REGISTRATION DOCUMENT