WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Parent company financial statements

Reconciliation between pension commitments and computed provision is presented below:

(In € thousand) Commitment at January 1, 2017

26,197

Service cost Interest costs

1,669

379

Contributions paid

-314

Actuarial gain and loss generated during the period

157

Scope impact

0

Other

-516

Commitment at December 31, 2017 Non recognized actuarial gain and loss Pensions provision at December 31, 2017

27,572 -12,217 15,355

Evaluation is carried out on an individual basis and main parameters of the calculation are described below: discount rate: 1.5%; ● future reevaluation of wages: 1.6%; ●

estimated turnover rate :

●

executives (ie cadres) : decreasing (from 7.80% at the age ● of 25 years old) according to the age and zero as from 56 years old, non cadres (ie non-cadres): decreasing (from 5.46% at the ● age of 20 years old) according to the age and zero as from 56 years old.

Note 10

Financial borrowings

CLOSINGNETDEBT

Gross value December 31, 2016

Gross value December 31, 2017

Up to 1 year

1 to 5 years

E

(In € thousand)

Bank overdraft Other borrowings

67,265

67,265

324,686

417

172

589

686

Group current accounts Total Borrowings Group current accounts

67,682

172

67,854

325,371

-2,863

-2,863

-991

Securities

Note 6 Note 6

0

0

252,594

Cash at bank

9,396

9,396

Closing net debt

-61,149

-172

-61,321

-73,768

Note 11

Trade accounts, notes payable and other liabilities

Gross amount December 31, 2016

Gross amount December 31, 2017

(In € thousand)

Accounts payable

97,064 22,558 24,814 15,337

78,528 22,407 21,630 14,918

Personnel

Social security and other employee welfare liabilities

VAT payable

Intercompany current account liabilities

4,927 4,006

3,936 5,680

Other liabilities

Total payables

168,706

147,099

Maturity of accounts payable is up to one year.

253

Worldline 2017 Registration Document