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

Furniture, fixtures andbfittings

IT facilities

Total

(in thousands of euros) Gross value 31ǾDecember 2015

8,292

16,066

24,358

Foreign exchange gains and losses

95

227

322

Acquisitions

7,773 -2,679

2,732 -570

10,505 -3,248

Disposals

Other movements

-

Changes in scope of consolidation

83

1,130

1,213

31ǾDecembre 2016

13,565 -630 2,203 -2,406

19,585 -1,136

33,150 -1,766 6,010 -2,530

Foreign exchange gains and losses

Acquisitions

3,807 -125

Disposals

Other movements

8

-8

-

Changes in scope of consolidation

67

467

535

31ǾDecembre 2017

12,808

22,591

35,399

Depreciation and amortization 31ǾDecember 2015 Foreign exchange gains and losses

5,160

11,426

16,587

7

195

202

Charges Reversals

1,008 -1,835

2,049 -566

3,058 -2,402

4

Other movements

-40

-40

Changes in scope of consolidation

83

1,130

1,213

31ǾDecember 2016

4,423 -342 1,143

14,195

18,618 -1,223

Foreign exchange gains and losses

-881 2,276 -116

Charges Reversals

3,418 -127

-10

Other movements

-

-

-

Changes in scope of consolidation

39

284

323

31ǾDecember 2017 Net value 31ǾDecember 2016 31ǾDecember 2017

5,252

15,758

21,010

9,142 7,556

5,390 6,833

14,532 14,390

● Investments made by the Group in property, plant and equipment primarily include office equipment in France and abroad, and information technology facilities (central systems, work stations, and networks). ● Amounts included under disposals during the year mainly correspond to the scrapping of computer equipment each year after taking inventory and exits from premises for which leases were not renewed.

● InǾ2016, €10.5Ǿmillion in acquisitions and €3.2Ǿmillion in disposals of gross property, plant and equipment are related to the acquisition of new equipment during the installation of Axway Software in TowerǾW, and the scrapping of capital equipment in the former premises at Puteaux. ● InǾ2017, €6.0Ǿmillion of acquisitions of gross property, plant and equipment related to the acquisition of new equipment.

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AXWAY - 2017 REGISTRATION DOCUMENT