Cap Gemini - Registration Document 2016

FINANCIAL INFORMATION

4.2 Consolidated financial statements

Other current receivables Note 20

At December 31 (in millions of euros)

Notes

(1) 2015

2016

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

167 205 114

216 209 149

Prepaid expenses

Derivative instruments

23

Other

57

53

OTHER CURRENT RECEIVABLES

22

543

627

Certain reclassifications have been made to 2015 amounts to conform to current year presentation. These reclassifications had no impact on net income nor on net cash flows. (1)

At December 31, 2016, Social security and tax-related receivables, other than income tax include research tax credit receivables and competitiveness and employment tax credit receivables in France in the amount of €88 million (€77 million at December 31, 2015), after recognition of research tax credit income and competitiveness and employment tax credit in France deducted from operating expenses of €54 million (€56 million in 2015).

Net debt / net cash and cash equivalents Note 21

4

cash at bank less bank overdrafts. Cash and cash equivalents presented in the Consolidated Statement of Cash Flows consist of short-term investments and cash equivalents as defined above, and cash management assets (assets presented separately in the Consolidated Net cash and cash equivalents or net debt comprise cash and

impact of hedging instruments when these relate to borrowings and own shares. Statement of Financial Position due to their characteristics), less short- and long-term borrowings. Account is also taken of the

2015

2016 1,449

in millions of euros

Short-term investments

1,107

Cash at bank

843

430

Bank overdrafts

(2)

(9)

Cash and cash equivalents Cash management assets

1,948

1,870

116

157

Bonds

(3,107)

(3,236)

Obligations under finance leases

(54)

(51)

Long-term borrowings

(3,161)

(3,287)

Bonds

(526)

(24) (49) (43)

Obligations under finance leases

(43) (81)

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

Short-term borrowings

(650)

(116)

Borrowings

(3,811)

(3,403)

Derivative instruments (1)

(20)

(37)

NET DEBT

(1,767)

(1,413)

At December 31, 2015 and December 31, 2016 including the fair value of the 5-year EUR/USD fix-to-fix cross currency swaps set-up in June 2015 in respect of the IGATE acquisition (1) and cash equivalents). financing. At December 31, 2015, this heading also included the fair value of the conversion option embedded in the “ORNANE 2013” bonds, and of the call option on own shares purchased by Cap Gemini S.A. on October 18, 2013. These options were exercised in 2016 on the early redemption of the ORNANE 2013 bonds (see Note 21, Net debt / Net cash

207

Registration Document 2016 — Capgemini