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

2017

2016

2015

(in euros)

Net income − share attributable to owners of the parent company

4,404,244 21,161,851

31,476,576 20,816,835

27,855,864 20,639,417

Weighted average number of ordinary shares in issue

Weighted average number of securities retained in respect of dilutive items Weighted average number of shares retained for the calculation of diluted net earnings per share

675,031

464,282

262,754

21,836,882

21,281,117

20,902,171

Fully diluted earnings per share

0.20

1.48

1.33

earnings per share. Potential ordinary shares resulting from share subscription options whose exercise price increased by the fair value of services yet to be received from the option holders is greater than the average share price (€27.29) during the period, were considered as accretive.

The only dilutive instruments are the stock options shown in NoteǾ5.4 and the bonus shares awarded as part of the Plans of 29ǾApril 2015, 22ǾJune 2016 and 6ǾJune 2017. Only potentially dilutive ordinary shares, excluding those with an accretive effect, were considered in the calculation of the diluted

NoteǾ13 Related-party transactions

13.1 Transactions with Sopra-Steria Group, Sopra-Steria Group affiliate companies and Sopra GMT The tables below detail the transactions between the Axway Group and Sopra-Steria GroupǾSA, the companies in the Sopra-Steria Group, and the GMT holding company.

31/12/2017

31/12/2016

31/12/2015

(in thousands of euros)

Transactions with Sopra-Steria Group Sale of goods and services

1,164 -599

2,136 -2,395

1,869 -2,934

Purchase of goods and services

Operating receivables Operating payables

667

905

521

-

-

-166

Transactions with Sopra Steria Group affiliates Sale of goods and services

2,044 -4,627

4,430 -4,211 3,193

787

Purchase of goods and services

-4,052

Operating receivables Operating payables

352

143

-432

-350

-404

Transactions with Sopra GMT Purchase of goods and services

-592 -109

-654 -170

-713

Operating payables

-

13.3 Relationships with other related parties No relationship with other related parties had to be taken into consideration.

The purchase of goods and services from Sopra Steria Group concerns the use of premises, the use of IT resources, internal subcontracting and non-recurring expenses related to the spin- off of Axway Software from Sopra Group. 13.2 Subsidiaries and associated entities Transactions and balances between Axway Software and its subsidiaries were fully eliminated in consolidation, since all of the subsidiaries are fully consolidated.

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AXWAY - 2017 REGISTRATION DOCUMENT

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