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

As of 31ǾDecember 2017, the net carrying amount of assets and liabilities recognized by Group entities in a currency other than their functional currency was as follows: Intra-group commercial transactions

AUD

BRL

EUR

GBP

SGD

USD

Other

Total

(in thousands of euros)

Assets

3,105 1,719

4,214

6,261 4,568

2,188

1,373 11,389 180 12,160

2,154 30,684 1,470 20,949

Liabilities

314

538

Foreign currency commitments Net position before hedging

-

-

-

-

-

-

-

1,386

3,900

1,693

1,650

1,193

-770

684

9,736

Hedging instruments

-

-

-

-

-

-

-

Net position after hedging

1,386 3,900 1,693 1,650 1,193

-770

684 9,736

Sensitivity analysis

AUD

BRL

EURO

GBP

SGD

USD

Autres

Total

(in thousands of euros)

Currency change assumption (appreciation)

5% 69

5%

5% 85

5% 83

5% 60

5%

5% 34

-

Net impact on profit

195

-39

487

Impact on shareholders’ equity

-

-

-

-

-

-

-

Current accounts

4

AUD

BRL

EURO

GBP

SGD

USD

Autres

Total

(in thousands of euros)

Assets

-

- - - - - -

152

-

-

88,293

431 88,876 867 25,015

Liabilities

1,549

1,872

2,840

1,488 16,399

Foreign currency commitments Net position before hedging

-

-

-

-

-

-

-

-1,549

-1,720 -2,840 -1,488 71,894

-436 63,860

Hedging instruments

-

-

-

-

-

-

Net position after hedging

-1,549

-1,720 -2,840 -1,488 71,894

-436 63,860

Sensitivity analysis

AUD

BRL

EURO

GBP

SGD

USD

Autres

Total

(in thousands of euros)

Currency change assumption (appreciation)

5%

5%

5%

5%

5%

5%

5%

- -

Net impact on profit

-

- -

-

-

-

-

-

Impact on shareholders’ equity

-77

-86

-142

-74 3,595

-22 3,193

At 31ǾDecember 2017, Axway Software held 27,855 treasury shares, acquired under the terms of the share buyback programs authorized by the Shareholders’ General Meeting at an average price of €22.29, for a total of €621Ǿthousand.

All transactions in treasury shares are recognized directly in shareholders’ equity. The impact at 31ǾDecember 2017 was (-)€397Ǿthousand (see Statement of changes in consolidated shareholders’ equity).

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AXWAY - 2017 REGISTRATION DOCUMENT