WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Consolidated financial statements

The evaluation of financial liabilities has been conducted based on: Exchange rates prevailing as at December 31, 2017, and ● Interest rate presented hereafter. ● The effective interest rates in 2017 were as follows:

Effective interest rate

Carrying value

Fair value

(In € million)

Finance leases Other borrowings Total borrowings

1.6

1.6

3.04%

23.4

23.4

25.0

25.0

CHANGE INNETCASH/(DEBT) OVERTHE PERIOD

As at December 31, 2016*

As at December 31, 2017

(In € million)

Opening net cash/(debt)

347.7

276.0

New borrowings

-18.3

-0.8

Repayment of long and medium-term borrowings Variance in net cash and cash equivalents

2.6

0.6

-16.8

76.1 -0.2 -7.1

New finance leases

-0.1 -0.7 -5.1

Long and medium-term debt of companies acquired during the period Impact of exchange rate fluctuations on net long and medium-term debt

3.0

Closing net cash/(debt)

309.1

347.7

31 December 2016 adjusted to reflect change in presentation disclosed in Note “Accounting rules and policies”. *

NETCASH/(DEBT)

As at December 31, 2016*

As at December 31, 2017

(In € million)

Cash and cash equivalents

355.8

374.0

Borrowings

-3.1

-2.2

Current portion of borrowings

-43.6

-24.1

Total

309.1

347.7

31 December 2016 adjusted to reflect change in presentation disclosed in Note “Accounting rules and policies”. *

Note 24

Trade accounts and notes payable

As at December 31, 2016 (*)

As at December 31, 2017

(In € million)

Trade payables and notes payable Trade payables and notes payable

264.1

223.7

264.1

223.7

Advance payments Prepaid expenses

-1.9

-2.1

-60.9

-60.1

Net accounts payable

201.3

161.5

Number of days payable outstanding (DPO)

78

70

31 December 2016 adjusted to reflect change in presentation disclosed in Note “Accounting rules and policies” (*) Trade accounts and notes payable are expected to be paid within one year.

230

Worldline 2017 Registration Document