SOPRA_STERIA_REGISTRATION_DOCUMENT_2017
2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
NOTE 15 OFF BALANCE SHEET COMMITMENTS
15.1.Contractual obligations Contractual obligations consist of operating lease agreements with the following face values and maturities:
Payments due by period
Less than one year
One to five years
More than five years
31/12/2017 31/12/2016
Contractual obligations (in millions of euros)
Leases of immovable property Leases of movable property
69.5
204.1
64.9
338.5
322.2
8.8
16.4
0.1
25.3
25.9
TOTAL
78.4
220.4
65.0
363.8
348.1
15.2.Commitments given related to current operations
31/12/2017
31/12/2016
(in millions of euros)
Bank guarantees for project completion
59.0
64.1
Parent company guarantee of commitments entered into by subsidiaries
-
-
Other guarantees
11.6 70.6
11.5 75.5
TOTAL
With respect to the information technology service contracts it enters into with its clients, the Group may, following formal requests by its clients, provide bank guarantees in respect of the performance of obligations under the contracts signed with clients. The amount of
these guarantees was €59.0 million at 31 December 2017 (€64.1 million at 31 December 2016). To date, no use has ever been made of any such guarantee.
15.3.Commitments received
31/12/2017
31/12/2016
(in millions of euros)
Unused credit lines
900.0 157.5
900.0 160.3
Unused current bank overdrafts
TOTAL
1,057.5
1,060.3
As part of a cash pooling arrangement set up in 2012, between the entities of the Group and BMG (Bank Mendes Gans), Sopra Steria Group acts as guarantor for the amounts borrowed by its subsidiaries.
NOTE 16 SUBSEQUENT EVENTS
No post-balance sheet events with a material impact on the financial statements have taken place since 31 December 2017. On 8 January 2018, the Group announced its plan to acquire BLUECARAT, a German IT services company.
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SOPRA STERIA REGISTRATION DOCUMENT 2017
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