WORLDLINE_REGISTRATION_DOCUMENT_2017

E

Financials Parent company financial statements

ACCRUEDLIABILITIES

December 31, 2016

December 31, 2017

(In € thousand)

Invoices to be received

57,730 39,079

56,290 28,381

State and employee related liabilities

Other accrued liabilities

3,178

3,026

Total accrued liabilities

99,987

87,697

Note 12

Deferred incomes

At the end of 2017, deferred incomes reach € 13.3 million and mainly relates to timing difference on project revenue versus invoicing.

Note 13

Revenue

REVENUE SPLIT

December 31, 2016

December 31, 2017

%

(In € thousand)

Merchant Services

73,387

21.2%

75,468

17.4% 25.1% 46.8% 10.8% 100% 85.8% 14.2% 100%

Financial Processing & Software Licensing

0

0.0% 109,010 53.6% 203,331

Financial Services

185,948 87,397

Other revenue from group services

25.2%

46,970

Total revenue by Global Business Lines

346,732

100% 434,779 82.7% 373,087

France

286,902 59,830

Foreign countries

17.3%

61,692

Total revenue by geographical area

346,732

100% 434,779

In 2017 Worldine revenue was € 346.7 million, or decreased by 20.3% compared to last year by global service line : Following its sale to equensWorldline on september 30, ● 2016, no more revenue is recognized for the Financial Services activity (previously Financial Processing and Software Licensing), which caused a strong decrease in revenue ;

Mobility & e-Transactional Services was impacted by the ● termination of the automated traffic offence management contract with the French government (the RADAR contract) in June 2016, despite revenue generated on newly awarded contracts in 2017 (SI SAMU, bracelets electroniques); Merchant Services was impacted by the end of ● miscellaneous contracts and high level of projects in 2016.

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Worldline 2017 Registration Document