WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Consolidated financial statements

Note 27

Related parties

The related parties include: Worldline’s parent company (Atos SE) and its subsidiaries ● which are not part of the Worldline’s consolidation scope; The entities that are controlled or jointly controlled by the ● Group, the entities that are a post-employment defined benefit plan for the benefit of the employees of the Group or the entities that are controlled or jointly controlled by a member of the key management personnel of the Group; and The key management personnel of the Group, defined as ● persons who have the authority and responsibility for planning, directing and controlling the activity of the Group, namely members of the Board of Directors as well as the Chief Executive Officer.

Transactions between Worldline and its subsidiaries, which are related parties, have been eliminated in consolidation and are not disclosed in this note. Transactions between the related parties The main transactions between the related entities are composed of: The reinvoicing of the premises; ● The invoicing of delivery services such as personnel costs or ● use of delivery infrastructure; The invoicing of administrative services; and ● The interest expenses related to the financial items. ●

These transactions are entered into at market conditions. The related party transactions are detailed as follows:

12 months ended December 31, 2016

12 months ended December 31, 2017

(In € million)

Revenue

43.9

47.7

Operating income / expenses Other operating expenses Net cost of financial debt

-108.4

-104.8

-4.2 -0.9

-1.4 -0.7

The receivables and liabilities included in the statement of financial position linked to the related parties are detailed as follows:

12 months ended December 31, 2016

12 months ended December 31, 2017

(In € million)

Trade accounts and notes receivables

13.2 15.6

12.1 22.7

Other current assets

Current accounts & cash agreement - Assets

5.6

1.4

Trade accounts and notes payables

59.6

47.0

Other current liabilities

2.9 4.8

2.2 2.5

Current accounts & cash agreement with Atos entities - Liabilities

The off balance sheet commitments regarding the related parties are detailed as follows:

Maturing

As at December 31, 2016

As at December 31, 2017

Up to 1 year

1 to 5 years Over 5 years

(In € million)

Operating leases: land, buildings, fittings

23.5

5.5

15.5

2.5

29.4

Operating leases: IT equipment

0.1

-

-

-

0.1

Non-cancellable purchase obligations (> 5 years)

-

-

-

-

0.5

Commitments

23.6

5.5

15.5

2.5

30.0

Total

23.6

5.5

15.5

2.5

30.0

232

Worldline 2017 Registration Document