Worldline - 2019 Universal Registration Document

E

FINANCIALS Consolidated financial statements

Plan assets Plan assets were invested as follows:

As at December 31, 2019

As at December 31, 2018

29% 28% 44%

Equity Bonds Other*

26% 29% 45%

Of which 31% of insurance contracts in 2019 et 32% in 2018. *

Of these assets the equity and bonds are valued at market value. Of the other assets a small proportion relates to illiquid investments where valuations are based on the information provided by the investment managers and the majority relates to insurance contracts.

Summary net impacts on profit and loss and cash The net impact of defined benefits plans on Worldline financial statements can be summarized as follows: Profit and loss

As at December 31, 2019

As at December 31, 2018

Post- employment

Other LT benefit

Post- employment

Other LT benefit

Total -25.7

Total

(In € million)

-24.9

-0.8

Operating margin Financial result

-9.1 -1.9

-0.3

-9.4 -1.9

-2.3

0.0

-2.3

0.0

Total (expense)/profit

-27.2

-0.8

-28.0

-11.0

-0.3

-11.3

Cash impacts of pensions The cash impact of pensions in 2019 was mainly composed of cash contributions to pension or insurance funds for € 14.2 million, the remaining part of € 2.5 million being benefit payments directly made by the Group to the beneficiaries. Contributions in 2020 are expected to be of € 14.4 million.

Provisions Note 11

Accounting policies/principles The Group uses actuarial assumptions and methods to measure provisions. Provisions are recognized when: The Group has a present legal, regulatory, contractual or constructive obligation as a result of past events; and ● It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and ● The amount has been reliably quantified. ● Provisions are discounted when the time value effect is material. Changes in discounting effects at each accounting period are recognized in financial expenses.

As at December 31, 2019

As at December 31, 2018 Charge

Business combina-

Release used

Release unused

Non- current

tion Other*

Current

(In € million)

Project commitments

2.7

0.2

-0.4

-0.1

0.0

-0.2

2.1

1.3

0.8

Litigations and contingencies Reorganization

30.7

2.9 1.7 0.0

-0.5 -2.7

-3.9 -1.7

24.5

0.7

54.5

18.2

36.3

4.7 0.0

1.3 0.0

-0.2

3.1 0.0

2.4 0.0

0.7 0.0

Others

0.0

0.0

0.1

Total provisions

38.1

4.8 -3.7

-5.8 25.9

0.4 59.7

21.9 37.8

Other movements mainly consist of currency translation adjustments. *

280

Universal Registration Document 2019