TELEPERFORMANCE_Registration_document_2017

PARENT COMPANY FINANCIAL STATEMENTS

8.4 Notes to the parent company financial statements

Note 4

Marketable securities

Marketable securities amounted to €5.3bmillion. They are invested in money market and mutual funds with a market value of the same amount as of Decemberb31 st , 2017.

At Decemberb31 st , 2017, the Company also held 25,400 own shares under a liquidity agreement with a carrying value of €3bmillion. Related purchases and sales in 2017bare set out in the following schedule:

Number of treasury shares held at Januaryb1 st , 2017

14,000 191,248 198,248 595,853 577,453 25,400

Number of shares bought in 2017bunder the buy-back program commencing Aprilb28 th , 2016 Number of shares sold in 2017bunder the buy-back program commencing Aprilb28 th , 2016 Number of shares bought in 2017bunder the buy-back program commencing Juneb23 rd , 2017 Number of shares sold in 2017bunder the buy-back program commencing Juneb23 rd , 2017

Number of treasury shares held at Decemberb31 st , 2017 Carrying value of treasury shares held at Decemberb31 st , 2017

3,023,512.05

Note 5

Derivative financial instruments

In accordance with the new ANC regulation (n° 2015-05 dated Julyb2 nd , 2015) which took effect from Januaryb1 st , 2017bapplying to derivative financial instruments and to hedging operations, the positive and negative fair values of financial instruments are

presented in separate line items “Derivative financial instruments” among the balance sheet assets or liabilities, respectively, with a corresponding entry in “Other liabilities” or “Other receivables”, respectively.

Notional amount in foreign currency

Notional amount in euros at 12/31/2017

Fair value in euros at 12/31/2017

Positive fair values

Negative fair values

Derivative financial instruments (in thousands of euros)

WITHOUT HEDGE ACCOUNTING

b b

b b

b b

b b

b b

Currency hedges of subsidiaries’ forecast transactions

USD/PHP 2017 COP/USD 2017 COP/EUR 2017 MXN/USD 2017 USD/MXN 2017 USD/INR 2017 COP/USD 2018 COP/EUR 2018 USD/PHP 2018 MXN/USD 2018 USD/MXN 2018 USD/INR 2018 EUR/USD 2018 € interest cap

6,808,704

113,867 20,017 11,600

1,669

2,269

-600

24,000 11,600 213,112 25,192

241 -346 136 321 283 566

314

-73

8

-354

9,007

209 421 303 811 192

-73

21,011

-100

9,500

7,923

-20

40,000 18,050

33,361 18,050 429,032 51,845 113,595 11,259 26,932 120,000

-245 -221

-29

25,654,000 1,226,700

1,202 1,516 3,103

4,861 2,487 5,315

-3,659

-971

136,200 13,500 32,300 120,000

-2,212

261

279 234

-18

71

-163 -379 -695

-379

Other

b

b

-70

625

8

MXN cash pool account hedge

1,280,000

54,098

-126

1,733

-1,859

Sub-total

b

b

8,419

20,061

-11,642

WITH HEDGE ACCOUNTING

b

b

b

b b b b

b

Cross Currency Interest Swap EUR/USD Interest rate swap, fixed to floating

55,000 200,000

45,872 200,000

-4,762

-4,762

249

b b b

Intragroup loan hedges

b

b

b

in USD in PHP in TRY

253,138

211,124 70,977

5,750 -4,750

5,750

■

4,244,087

41

-4,791

■

15,000

3,299

541

541

b b

■

Cash pool account hedge

b

b

b

b b

in USD

165,000

137,615

-2,151

-2,151

■

Other

b b b

b b b

b b b

b

20

Sub-total

6,352

-11,704 -23,346

TOTAL

26,413

221

Teleperformance bb - bb Registration documentbb 2017