CAPGEMINI_REGISTRATION_DOCUMENT_2017

4

FINANCIAL INFORMATION

4.2 Consolidated Financial Statements

Other current assets Note{20

At December{31 (in millions of euros)

Notes

2016

2017

Social security and tax-related receivables, other than income tax

216 209 149

259 212 121

Prepaid expenses

Derivative instruments

23

Other

53

65

OTHER CURRENT ASSETS

627

657

22

As of December{31, 2017, Social security and tax-related at December{31, 2016), after recognition of research tax credit receivables, other than income tax include research tax credit and competitiveness and employment tax credit income in receivables and competitiveness and employment tax credit France deducted from operating expenses of €60{million receivables in France in the amount of €107{million (€88{million (€54{million in 2016).

Net debt/net cash and cash equivalents Note{21

Cash and cash equivalents presented in the Consolidated Statement of Cash Flows consist of short-term investments and cash at bank less bank overdrafts.

Net debt or net cash and cash equivalents comprise cash and cash equivalents as defined above, and cash management assets (assets presented separately in the Consolidated Statement of Financial Position due to their characteristics), less short- and long-term borrowings. Account is also taken of the impact of hedging instruments when these relate to borrowings and own shares.

2016

2017

in{millions of euros

Short-term investments

1,449

1,497

Cash at bank

430

491

Bank overdrafts

(9)

-

Cash and cash equivalents

1,870

1,988

Cash management assets

157

168

Bonds

(3,236)

(2,739)

Obligations under finance leases

(51)

(43)

Draw-downs on bank and similar facilities and other borrowings

-

(1)

Long-term borrowings

(3,287)

(2,783)

Bonds

(24) (49) (43)

(525)

Obligations under finance leases

(44) (20)

Draw-downs on bank and similar facilities and other borrowings, net

Short-term borrowings

(116)

(589)

Borrowings

(3,403)

(3,372)

Derivative instruments

(37)

7

NET DEBT

(1,413)

(1,209)

220

REGISTRATION DOCUMENT 2017 — CAPGEMINI