WORLDLINE_REGISTRATION_DOCUMENT_2017

Financials Parent company financial statements

Note 14

Financial result

December 31, 2016

December 31, 2017

(In € thousand)

Dividends received

1,643 1,115

1,206

Investment banking revenues

876 555

Other financial income

427

Total of the financial income

3,185

2,637

Intercompany loans interests Intercompany current accounts interests Provision for depreciation on investments in non consolidated companies Other financial provisions

-384

-514

Short term borrowing interests Foreign exchange losses

-75

-39

Other financial expenses

-1,003 -1,462 1,723

-1,323 -1,876

Total of the financial expenses

Net financial result

761

Dividends received in 2017 were paid by Worldline Bourgogne and Santeos, two french subsidiaries. Other financial expenses include mainly non utilization fees related to the € 300 million revolving credit facillity granted by Bull International SAS.

Note 15

Non recurring items

December 31, 2016

December 31, 2017

(In € thousand)

Selling price from disposal of financial investments  1

74

254,517

E

Reversal of provision for tangible assets

5,488

Reversal of provision for trade accounts receivable

439

413

Other income

2,376

8,015

Total of non recurring income

2,815

268,433

Net book value of financial investments sold  2

-94

-6,651

Provisions for liabilities and charges

-121

-124

Other expenses

-10,782 -10,996 -8,181

-17,173 -23,948 244,485

Total of non recurring expenses

Non recurring items

Impact of Equens carveout in 2016: FPL Equens shares received for M€+254.5. 1 Impact of the contribution of the Mantis and Arabor entities to Equens in 2016 for € 6.7 million. 2

Other expenses for 2016 mainly include corporate costs (Equens SE acquisition and transformation plan Team) of € 10.7 million and the disposal of fixed assets related to the Radar project for € 4.7 million (disposal compensated by reversal of the corresponding provision). Other revenue mainly corresponds to the re-invoicing of the transformation plan Team, Equens SE acquisition costs and insurance premium subscribred for subsidiaries.

Other expenses for 2017 mainly include corporate costs (Equens SE acquisition, transformation plan Team re-invoicing and the ERP set up) of € 3.7 million. Other revenue mainly corresponds to the re-invoicing of these costs to the Group subsidiaries.

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Worldline 2017 Registration Document