TELEPERFORMANCE_Registration_document_2017

CONSOLIDATED FINANCIAL STATEMENTS

7

7.6 Notes to the consolidated financial statements

NOTE C.3 Accounts receivable – Trade and Other current assets

Accounts receivableb– Trade and Other current assets are initially recognized at fair value, then at amortized cost less any impairment losses.

12/31/2017

12/31/2016

Gross Write-downs

Net 896

b

Net 871

Accounts receivableb– Trade

901

-5

Other receivables Taxation recoverable

20 39

-10

10 39

12 37

b b b

Advances and receivables on non-current assets

3

3

8

Prepaid expenses

41

41

b b

43

TOTAL

1,004

-15

989

971

 Accounts receivable – Trade is analyzed by geographical region as follows: b

12/31/2017

12/31/2016

English-speakingb&bAPAC

362 253 190

385 227 169

Ibero-LATAM

Continental Europe & MEA

Specialized services

91

90

TOTAL

896

871

 The payment schedule of Accounts receivable – Trade is as follows: b

12/31/2017

12/31/2016

Not yet due

700 136

706 114

Overdue< 30bdays Overdue< 60bdays Overdue< 90bdays Overdue< 120bdays Overdue> 120bdays

30 13 10

21 10 13

7

7

TOTAL

896

871

Factoring arrangements Under a factoring agreement in place, receivables are sold without recourse, subject to the following principal conditions: ■ that they comply with the eligibility conditions set out in the agreement; ■ that they are not subject to reasonable dispute by the customer; and ■ that in the event of non-payment by the customer, the Group will respect the procedures set out in the insurance policy.

The Group and a number of its subsidiaries use factoring arrangements which comply with criteria for derecognition. The outstanding amounts concerned totaled €48.1bmillion and €50.5bmillion at Decemberb31 st , 2017band 2016, respectively. Under the agreements, the Group retains the credit control and receipt functions in respect of the sold receivables on behalf of the factor.

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Teleperformance bb - bb Registration documentbb 2017