AXWAY_REGISTRATION_DOCUMENT_2017

CORPORATE RESPONSIBILITY AXWAY GROUP AND ITS BUSINESS ACTIVITIES Notes to the annual financial statements 2017

CORPORATE GOVERNANCE

CONSOLIDATED FINANCIAL STATEMENTS

2017 ANNUAL FINANCIAL STATEMENTS

CAPITAL AND AXWAY SOFTWARE STOCK

INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES

COMBINED GENERAL MEETING OFb6bJUNEb2018

2.2 Other assets

Trade receivables

2017

2016

(in thousands of euros) Non-Group clients

37,003 32,802

40,048 22,611

Accrued income

Group clients

9,169

7,179

Doubtful debtors

30

31

Provision for doubtful debtors

-2,501 76,502

-2,234 67,635

Total

Trade receivables are recognized as assets and are stated net of all client-related debit and credit balances. Impairments concerned Doubtful receivables .

Other receivables, prepayments and accrued income

2017

2016

(in thousands of euros)

Corporate income tax

11,217

10,411

Withholding tax

-

-

VAT

1,161 8,523 3,478 9,192

974

Other receivables Prepaid expenses

5,468 2,965 2,874

Translation differential – Assets

Total

33,571

22,691

Research Tax Credit − transferred receivables

Date of repayment

Inventory 31/12/2017

Nominal sold Amount sold Commission Year of sale

Off debt

CIR 2014 CIR 2015 CIR 2016

7,734 9,146 9,180

7,573 8,993 9,068

32 36

2,015 16/07/2018 2,016 15/05/2019 2,017 15/05/2020

no no no

7,734 9,146 9,180

112 180

Total

26,060 25,634

26,060

Impairment of current assets

Amount at the start ofbthe fiscal year

Amount at the end ofbthe fiscal year

Provisions

Reversals

(in thousands of euros)

Impairment of trade receivables

2,234 2,234

268 268

1 1

2,501 2,501

Total

The provision of €268Ǿthousand concerns only receivables with our subsidiary Axway Software Do Brazil.

180

AXWAY - 2017 REGISTRATION DOCUMENT

www.axway.com