WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Consolidated financial statements

E.4.7.3.

Notes to the consolidated financial statements

Main changes in the scope of consolidation

210 212 212 214 215 215 218 218 218 219 220 220 221 222 223 223

Intermediation activities

224 224 224 225 225 228 229 230 231 231 232

Note 1

Note 17

Other significant event of the year

Other current assets

Note 2 Note 3 Note 4 Note 5 Note 6 Note 8 Note 9 Note 10 Note 12 Note 13 Note 14 Note 15 Note 16 Note 7 Note 11

Note 18 Note 19 Note 20 Note 22 Note 23 Note 24 Note 25 Note 26 Note 21

Segment information by Global Business Lines

Cash and cash equivalents

Personnel expenses

Shareholder equity

Non personnel operating expenses Other operating income and expenses

Pensions and similar benefits

Provisions Borrowings

Net Financial Result Income tax expenses

Trade accounts and notes payable

Deferred taxes

Other current liabilities

Non-controlling Interests

Off-balance sheet commitments

Earnings per Share

Related parties

Note 27

Goodwill

Market risk 233 Operating entities part of scope of consolidation

Note 28 Note 29

Intangible assets Tangible assets

as of December 31, 2017

235 237 237

Auditors’ Fees

Note 30

Non current financial Assets

Subsequent events

Note 31

Trade accounts and notes receivable

Note 1

Main changes in the scope of consolidation

Equens - Paysquare On September 30, 2016, Worldline acquired a 63.6% interest in equensWorldline and a 100% interest in Paysquare. The business combination was made up of two components: 1/ equensWorldline The merger of the Financial Services business of Worldline with Equens resulted in the creation of equensWorldline held at 63.6% by Worldline and 36.4% by Equens’ previous shareholders. In accordance with IFRS 3, this operation has been treated as a business combination with the takeover of equensWorldline by the Group and the sale to the previous shareholders of Equens of a Non-controlling interest in the Financial Services business. equensWorldline is controlled by the Worldline Group and fully consolidated within Worldline Group since October 1, 2016. The

Company equensWorldline is consolidated within the Group’s Financial Services division (“FS”) since October 1, 2016. As the transaction is non cash, the consideration transferred by the Group to the previous shareholders of Equens corresponds to 36.4% of the fair value of the Financial Services business (on the basis of a valuation of € 700 million by an independent expert for the full business) and to the counterpart received by the Group of 63.6% of the fair value of Equens (on the basis of a valuation of € 400.3 million by an independent expert for the full business). The net assets and liabilities acquired from Equens have been booked at fair value in the Group consolidated financial statements. The net assets and liabilities of the Financial Services business are kept at their net book value before business combination as well as the part transferred to the previous Equens’ Shareholders for € 7.8 million.

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Worldline 2017 Registration Document