Worldline - 2019 Universal Registration Document

E

FINANCIALS Parent company financial statements

Non recurring items Note 15

December 31, 2019

December 31, 2018

(In € thousand)

- 

Proceed from disposal of financial investments Reversal of provision for trade accounts receivable

182

99

6,437 9,628

38,482 38,581

Other income

Total of non recurring income

16,247

- 

Net book value of financial investments sold

- 

-134

Provisions for liabilities and charges

-6,812

-47,283 -47,417 -8,836

Other expenses

-29,219 -36,032 -19,785

Total of non recurring expenses

Non recurring items

In 2019, other extraordinary income and expenses mainly relate to the costs related to the separation between Atos and Worldline, to SIX Payment Services acquisition costs, and to the deployment of internal IT systems. A major part of these costs is echarged to the subsidiaries.

Taxes Note 16

Tax consolidation agreement Worldline fiscal tax group presents indefinably usable loss carry forward which reach € 71 million at 2019 year-end.

Decrease and increase of the future tax charge of Worldline taxed separately. At year end, decreases and increases of the future tax charge were broken down as follows:

Basis Decrease

Basis Increase

(In € thousand)

Temporary differences

19,965 19,965

-  - 

Total temporary differences

No deferred tax assets or liabilities had been recognized.

BREAKDOWN BETWEEN NET INCOME ON ORDINARY ACTIVITIES AND NON-RECURRING ITEMS

Before tax Computed tax

Net amount

(In € thousand)

Net income on ordinary activities

1,670

- 

1,670

Non recurring items, tax credit and employee participation

-12,442 -10,772

1,385 1,385

-11,057 -9,387

Total corporate tax

During the year 2019, Worldline has recognized a tax credit related to a research tax credit received for € 1.4 million, a tax consolidation bonus of € 0.3 million and withholding taxes of € 0.4 million.

Off-balance sheet commitments Note 17

COMMITMENTS GIVEN

December 31, 2019

December 31, 2018

(In € thousand)

1,000

Parantal guarantees

2,900

0

SIX Payment Services (SPS) Additional price

117,600 120,500

Total commitments given

1,000

314

Universal Registration Document 2019