Worldline - 2019 Universal Registration Document

FINANCIALS Consolidated financial statements

Related parties Note 14

Accounting policies/principles The related parties include: Worldline’s reference shareholders (Atos SE) and its subsidiaries which are not part of the Worldline’s consolidation scope; ● Worldline’s reference shareholders (SIX Group AG) and its subsidiaries which are not part of the Worldline’s consolidation ● scope; The entities that are controlled or jointly controlled by the Group, the entities that are a post-employment defined benefit ● plan for the benefit of the employees of the Group or the entities that are controlled or jointly controlled by a member of the key management personnel of the Group; and The key management personnel of the Group, defined as persons who have the authority and responsibility for planning, ● directing and controlling the activity of the Group, namely members of the Board of Directors as well as the Chairman & Chief Executive Officer and Deputy Chief Executive Officer.

Transactions between the related parties The main transactions between the related entities are composed of: The reinvoicing of the premises; ● The invoicing of delivery services such as personnel costs ● or use of delivery infrastructure;

The invoicing of administrative services; and ● The interest expenses related to the financial items. ● These transactions are entered into at market conditions.

The related party transactions are detailed as follows:

WITH ATOS

E

12 months ended, 2019

12 months ended, 2018

(In € million)

60.3

Revenue

45.9

-109.2

Operating income/expenses Other operating expenses Net cost of financial debt

-100.2

-0.7

-2.1 -0.7

-

The receivables and liabilities included in the statement of financial position linked to the related parties are detailed as follows:

As at December 31, 2019

As at December 31, 2018

(In € million)

22.9 18.3

Trade accounts and notes receivables

15.6 22.9 -2.8 28.0

Other current assets

-

Current accounts & cash agreement – Assets

7.4 2.3

Trade accounts and notes payables

Other current liabilities

6.2

Current accounts & cash agreement with Atos entities – Liabilities

-

19.3

In addition the Group received € 15.6 million from Atos to cover IT separation costs in the frame of the separation agreement authorized by the Board of Directors on April 30, 2019. The off-balance sheet commitments regarding the related parties are detailed as follows:

As at December 31, 2019

Maturing

As at December 31, 2018

Up to 1 year

1 to 5 years Over 5 years

(In € million)

-

Operating leases: land, buildings, fittings

45.0 45.0 45.0

Commitments

0.0  0.0 

0.0  0.0 

0.0  0.0 

0.0  0.0 

Total

283 Universal Registration Document 2019