TELEPERFORMANCE_Registration_document_2017

CONSOLIDATED FINANCIAL STATEMENTS

7

7.6 Notes to the consolidated financial statements

NOTE B.2 Change in consolidation scope The Group made no significant acquisition or disposal during 2017. It did however make a niche acquisition in the case of Wibilong, a French start-up which is a pioneer in the field of collaborative brand and consumer solutions. Wibilong realized revenues of approximately €1bmillion in 2016band has been fully consolidated with effect from November 2017.

At the beginning of September 2017, the Group finalized its measurement of the fair values of the identifiable assets and liabilities acquired of LanguageLine Solutions LLC. The principal restatement concerns the US tax rate in respect of intangible assets which had been slightly over-estimated.

The following schedule sets out the revised fair values of the identifiable assets and liabilities of LanguageLine Solutions LLC as of the date of acquisition:

Fair values at 09/19/2016

Fair values at 09/19/2016

In millions of US$

In millions of US$

Non-current assets

b

Non-current liabilities

b

Intangible assets

983

Provisions

1

Property, plant and equipment

9 2 4

Deferred tax

378 379

Total non-current liabilities

Deferred tax assets

Current liabilities

b

Other non-current assets Total non-current assets

998

Provisions

6 8

Current assets Current tax assets

b

Accounts payableb– Trade Other current liabilities Total current liabilities

4

20 34

Accounts receivableb– Trade

77

TOTAL LIABILITIES

413 682

Other current assets

6

NET ASSETS, ACQUIRED 100%

Cash and cash equivalents Total current assets

10 97

ACQUISITION PRICE

1,538

TOTAL ASSETS

1,095

GOODWILL

856

Following these changes, a number of line items in the consolidated statement of financial position of the Company as of Decemberb31 st , 2016bhave been restated, as follows:

Consolidated statement of financial position, Decemberb31 st , 2016 (selected line items)

As published

Restatements

After restatements

Non-current assets

b

b

b

Goodwill

1,952 1,175

-14

1,938 1,172

Intangible assets

-3

Property, plant and equipment

476

b b

476

Financial assets

55 30

55 31

Deferred tax assets

1

Total non-current assets

3,688

-16

3,672

b

b b

b b b b

b b

Non-current liabilities

Provisions

13

13

Financial liabilities

1,688

1,688

Deferred tax liabilities

464

-20 -20

444

Total non-current liabilities

2,165

2,145

Provisions (current)

34

5

39

1,922

-1

1,921

Total equity

The notes to the consolidated financial statements have been updated to reflect the restated amounts.

176

Teleperformance bb - bb Registration documentbb 2017