WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Parent company financial statements

2017 revenue amounts to € 346.7 million, decreasing by 20% compared with last year, with contrasted evolutions between the three Global Business Lines. Revenue decreased by 20% due: To the sale of the Financial Services activities of the ● Company to Equensworldline SE on September 30, 2016 On Mobility & e-Transactional Services by the termination of ● the automated traffic offence management contract with the french government (the radar contract) in June 2016 despite new revenue increase on recent awarded contracts in 2017 (si samu, bracelets electroniques) On Merchant Services impacted by the termination of ● miscellaneous contracts and high level of activities in 2016. Worldline posted an operating result of €-17.3 million impacted by the termination of radar and a decrease in revenue directly impacting operating result. The Company Worldline SA is the parent company of the Worldline Group and consequently establishes consolidated financial statements. Worldline acts as the parent company for the Worldline Group and as such supports a significant share of the costs related to overhead, corporate and central functions. It also establishes financial flows with its subsidiaries to reflect the services rendered from the parent company to the companies of the Group. The Worldline Group has reached an agreement with the Atos Integration SAS in order to acquire DIAMIS. Diamis is specialized in inter-banking flow processing within the Euro zone allowing Worldline Group to reinforce its activity position in the field of Financial Services concerning products as well as client data base and knowhow. This acquisition is structured through a transaction in numerous purchased by Atos Integration at 100% for a total amount of € 15.4 million. The signing of this acquisition was on December 21, 2017. In application with anc n° 2016-07, the financial statements of Worldline have been prepared in accordance with generally accepted accounting principles in france and with the provisions of the french general accounting plan (plan comptable général). General conventions were applied, in the respect of: principle of prudence; ● principle of going concern; ● permanence of the accounting methods from one exercise ● to another; cut off principle. ● Rules and accountingmethods E.5.4.3 Highlights E.5.4.2

As a principle, items are booked based on historical cost. The annual accounts are established and presented in thousands of euros. Intangible assets Intangible assets are booked at their acquisition cost and consist mainly of software, licenses, merger deficit and goodwill. Software created for an internal use and development costs of application used for operational needs are recognized as an expense. Software is amortized on a straight-line basis over their expected useful life, not exceeding 3 years. If need be, a provision on goodwill can be booked based on the value in use. Tangible assets The tangible fixed assets are evaluated at their acquisition value excluding any financial expenses. The depreciation calculation is based on a straight-line method over the useful life of the assets, as follows: Buildings 20 years ; ● Fixtures and fittings 5 to 20 years ; ● Computer hardware 3 to 5 years ; ● Vehicles 4 years ; ● Office furniture and equipment 5 to 10 years. ● Financial assets Financial assets consist of participating interests and other financial investments (security deposit, loans). Financial assets are initially booked at their acquisition cost. An impairment loss is recognized when the acquisition cost exceeds the value-in-use. The value-in-use takes in account net assets and earnings outlooks. Trade accounts andnotes receivable Trade accounts and notes receivable are recorded at their nominal value. They are individually analyzed and, if necessary, are subject to an impairment loss. In the balance sheet they are recorded under “trade accounts and notes receivables”. When invoicing exceeds the revenue recognition, this excess is presented under “deferred income”. Securities Securities are recorded at their acquisition cost. They are depreciated when the carrying amount is lower than the book value.

Provisions Provisions are recognized when:

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Worldline 2017 Registration Document