Cap Gemini - Registration Document 2016

4

FINANCIAL INFORMATION

4.2 Consolidated financial statements

At December 31, 2016, the euro-equivalent value of forward purchase and sale foreign exchange contracts breaks down by transaction type and maturity as follows:

>6 months and

<6 months

<12 months >12 months

Total 4,164

in millions of euros

Operating transactions

1,344

1,027

1,793

fair value hedge cash flow hedge

388 956 258 258

-

-

388

o/w

■

1,027

1,793

3,776 1,254

■

Financial transactions

47 47

949

fair value hedge

-

305

o/w

■

cash flow hedge for the interest rate ■ component and fair value hedge for the exchange rate component

-

-

949

949

TOTAL

1,602

1,074

2,742

5,418

Hedges contracted in respect of operating transactions mainly comprise forward purchase and sale foreign exchange contracts maturing between 2017 and 2020 with an aggregate euro-equivalent value at closing exchange rates of €4,164 million (€3,072 million at December 31, 2015). The hedges were chiefly taken out in respect of transactions in Indian rupee (INR182,000 million), US dollars (USD1,084 million) and Polish zloty (PLN1,124 million). The maturities of the hedges range from 1 to 37 months and the main counterparty is Cap Gemini S.A. (for a euro-equivalent value of €4,129 million).

Hedges contracted in respect of financial transactions concern Cap Gemini S.A. in the amount of €1,254 million at December 31, 2016. They mainly comprise hedged inter-company loans for €1,241 million (€1,356 million at December 31, 2015), including €949 million in respect of EUR/USD fix-to-fix cross-currency swaps (see Note 2, Consolidation principles and Group structure). The residual balance primarily corresponds to loans denominated in US dollars and Swedish krona. primarily concerns the Group’s internal financing activity. The Group’s overall exposure to currency risk on assets/liabilities

December 31, 2016

Swedish

Other currencies

US dollar

krona Indian rupee

Total

in millions of euros

Assets

245

8

-

247

500

Liabilities

(1,098)

(130)

(151)

(226)

(1,605)

Net exposure in the Consolidated Statement of Financial Position

(1,105)

Hedging derivatives NET EXPOSURE

946

(159)

December 31, 2015

Swedish

Other currencies

US dollar

krona Indian rupee

Total

in millions of euros

Assets

377

8

1

228

614

Liabilities

(1,062)

(135)

(96)

(183)

(1,476)

Net exposure in the Consolidated Statement of Financial Position

(862)

Hedging derivatives NET EXPOSURE

766 (96)

216

Registration Document 2016 — Capgemini