WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Consolidated financial statements

The impacts as at December 31 th , 2017 of the business combination in the equity of the Group are as follows:

Impact in shareholder’s equity Consideration transferred from Wordline

Consideration transferred from Equens

Total consideration

(in € million)

Group share

-7.8

254.6 145.7

246.8 153.5

Non controlling interests

7.8

Total shareholder’s equity

-

400.3

400.3

2/ Paysquare As of September 30, 2016, Worldline acquired from Equens 100% of its Commercial Acquiring subsidiary Paysquare. The cash consideration paid is € 116.4 million. Paysquare is fully consolidated in Worldline Group since October 1, 2016. Paysquare is consolidated in the Group’s Merchant Services division (“MS”) since October 1, 2016. The fair value of Equens and Paysquare net assets acquired are set out in the table below:

Assets acquired and liabilty assumed at the end of the measurement period

(in € million)

Fixed assets

178.2 36.6 -55.3 -48.4

Net debt Provisions

Other net assets

Fair value of acquisition

111.1

Identifiable assets acquired and liabilities assumed have been further analysed during the measurement period which finished at the end of September 2017, based on the better understanding of Equens-Paysquare acquired business. This analysis led to a decrease by € 36.7 million of the equity acquired mainly due to impairment of technological assets and recognition of a provision for an onerous contract, all originating prior to September 30, 2016.

E

Final Goodwill The Group has opted to measure the non-controlling interests at fair value (full goodwill method).

Goodwill

(in € million)

Consideration transfered for Equens Consideration transfered for Paysquare

254.6 116.4

Total Consideration

371.0

Fair Value of Non controlling Interest Equity acquired (Equens & Paysquare)

145.7

42.7 68.4

Customer RelationShips acquired net of deferred tax

Fair Value of net assets

111.1

Total

405.6

The customer relationships has been recognized for an amount of € 92.0 million and is amortized over a period from 8.3 to 12.3 years. Those valuations have been performed by an independent expert.

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Worldline 2017 Registration Document