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 annual financial statements 2017

Deferred and latent tax position

Basis

Start of the fiscal year

Change

End of the year

Assets

Liabilities

Assets

Liabilities

Assets

Liabilities

(in thousands of euros)

I. Certain or potential timing differences Tax-driven provisions

- -

- -

- -

- -

- -

- -

Investment grants

Temporary non-deductible expenses ● To be deducted the following year

● employee profit sharing

503 110 201

- - -

-373

130 105 192

- - -

C3S

-5 -9

●

Construction work

●

● To be deducted thereafter

● provision for retirement commitments

6,433

- -

266

- -

6,699

- -

other

-

-

-

●

Temporary non-taxable income

● net short-term capital gains ● capital gains on mergers ● deferred long-term capital gains

- - -

- - -

- - -

- - -

- - -

- - -

Deducted expenses for tax purposes (orǾtaxedǾincome) that has not been recognized

deferred charges

-

-

-

-

-

-

●

● Translation differential – Liabilities

2,461 9,708

-1,801 -1,922

660

Total

7,786

5

II. Items to be charged Losses that may be carried forward for tax offset

20,762

7,371

28,133

Long-term losses

- -

- -

- -

- -

- -

- -

Other

III. Contingent tax items Capital gains on non-depreciable assets contributed on merger Special reserve for long-term capital gains Special reserve for construction profits

- - - -

762

- - - -

- - - -

- - - -

762

- - -

- - -

Other

187

AXWAY - 2017 REGISTRATION DOCUMENT