TELEPERFORMANCE_Registration_document_2017

CONSOLIDATED FINANCIAL STATEMENTS

7.6 Notes to the consolidated financial statements

Accounting category

Fair value

Financial instruments at fair value through profit or loss

Financial liabilities at amortized cost

Derivative financial instruments

Loans and receivables

Total

Total

12/31/2016

Lev 1 Lev 2 Lev 3

FINANCIAL INSTRUMENTS: ASSETS I - Financial assets at fair value Exchange rate hedging instruments

7

3 3

0

0 10

7

3 3

0 10

3 7

3 7

b

b b

b b

b

b b

Marketable securities

7 0

b

7

b

II - Financial assets at amortized cost

0

1,322

0 1,322 275 1,047

0 1,322

12 53 11

12 53 11

Loans

b b b b b b

b b b b b b

12 53 11

b b b b b b

b b b b b

12 53 11

b b b b b b

Guarantee deposits Indemnificationbasset

871 100 275

871 100 275

Accounts receivable - Trade

871 100 275

871 100

Other assets Cash and bank

275

b

FINANCIAL INSTRUMENTS: LIABILITIES I - Financial liabilities at fair value

0

41 17 24

0

0 41

0 41

0 41

17 24

17 24

Loan hedging instruments

b b

b b

b b

b b

17 24

b b

Exchange rate hedging instruments

II - Financial liabilities at amortized cost

0

0

3

2,442 2,445 1,314 1,314

3 2,442

0 2,445 b 1,314

Bank loans

b b b b b b b

b b b b b b b

b b b b

b b b b

1,314

30

30

Commercial paper

30

30

b b b b b b

545

545

USPP loans

545

545

9 3

9 3

Other financial liabilities

9

9

Bank overdrafts and advances Accounts payable - Trade

3

b

3

b

126 418

126 418

b b

126 418

b b

126 418

Other liabilities

There were no transfers between the different levels of fair value for assets and liabilities measured using this method.

NOTE G.7 Financial risk management

The Group has an exposure to the following risks:

The Internal Audit Department performs both periodic and ad hoc reviews of risk management controls and procedures, reporting to the Audit and Compliance Committee. All strategic decisions relating to the hedging policy for financial risks are the responsibility of the Group’s Finance Department. G.7.1 Credit risk Credit risk is the Group’s risk of financial loss in the event that a customer or counterparty to a financial instrument fails to meet his contractual obligations. This risk primarily concerns customer The Group’s exposure to credit risk is mainly influenced by the individual characteristics of its customers. Sales to the principal customer of the Group account for 6.9% of Group global revenues. In addition, sales to telecommunications sector customers and Internet access providers represent a total of 16.7% of Group revenues for Core services segment. No country accounts for over 10% of customer receivables with the exception of the United States which represented approximately 38% of total customer receivables as of December 31 st , 2017. receivables and short-term investments. Customer and other receivables

credit risk; liquidity risk; market risk;

■ equity risk. Set out below is information on the Group’s exposure to each of the above risks, its objectives, policy and procedures for measuring and managing risk, as well as its share capital and equity management. Quantitative disclosures appear elsewhere in the consolidated financial statements. The Board of Directors defines and oversees the Group’s risk management framework. Monitoring, measuring and overseeing financial risk is the responsibility of the Group’s Finance Department, for the Group and each of the Group companies. The objective of the Group’s risk management policy is to identify and analyze the risks that the Group faces, to set appropriate risk limits and controls, and to manage the risks and ensure that the limits defined are respected. The policy and the risk management systems are reviewed regularly so as to respond to changes in the market and in the Group’s activities. Through its training and management rules and procedures, the Group aims to develop a rigorous and constructive control environment in which every employee has a clear understanding of his or her role and duties.

7

197

Teleperformance bb - bb Registration documentbb 2017

Made with FlippingBook flipbook maker