AXWAY_REGISTRATION_DOCUMENT_2017

2017 Annual financial statements

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5.1 Balance sheet

172 173 174

5.2 Income statement

5.3 Notes to the annual financial statements 2017

5.4 Statutory Auditors’ report on the annual financial statements 192 5.5 Summary of results of Axway SoftwareǾSA forǾtheǾpast five fiscal years 197

171

AXWAY - 2017 REGISTRATION DOCUMENT