WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Consolidated financial statements

Plan assets Plan assets were invested as follows:

December 31, 2016

December 31, 2017

Equity Bonds Other*

36% 14% 50%

27% 25% 48%

of which 49% of insurance contracts in 2017 (vs. 46% in 2016). *

Of these assets the equity and bonds are valued at market value. Of the other assets a small proportion relates to illiquid investments where valuations are based on the information provided by the investment managers and the majority relates to insurance contracts.

Summary net impacts on profit and loss and cash The net impact of defined benefits plans on Worldline financial statements can be summarized as follows:

Profit and loss

December 31, 2016

December 31, 2017

Post- employment

Other LT benefit

Post- employment

Other LT benefit

Total

Total

(In € million)

Operating margin Financial result

2.3

-0.1

2.2

-5.5 -2.0 -7.5

-0.1

-5.6 -2.0 -7.6

-2.1 0.2

-

-2.1 0.1

-

Total (expense)/profit

-0.1

-0.1

Cash impacts of pensions The cash impact of pensions in 2017 was mainly composed of cash contributions to pension or insurance funds for € 1.4 million, the remaining part of € 2.6 million being benefit payments directly made by the group to the beneficiaries. Contributions in 2018 are expected to be of the same order of magnitude.

Note 22

Provisions

As at December 31, 2016 Charge

Release used

Release unused

Business combination Other*

Non- current

As at December 31, 2017 Current

(In € million)

Project commitments Litigations and contingencies Reorganization Rationalization

2.3 1.4 -0.5 -0.1

- -0.1

3.0 1.5 1.5

24.5 1.5 -1.8 -0.7 3.6 2.0 -3.2 -0.4

1.0 -3.2

21.3 8.9 12.4 1.9 1.6 0.3

- -0.1 - -0.1

0.1

-

-

-

-

-

-

Total provisions

30.4 4.9 -5.5 -1.2

1.0 -3.5

26.2 12.0 14.2

Other movements mainly consist of currency translation adjustments. *

228

Worldline 2017 Registration Document