Worldline - 2019 Universal Registration Document

FINANCIALS Related Party Transactions

In 2019, Worldline invoiced a total of € 7.8 million in connection with the Worldline Specific Services Agreements.

side, equensWorldline renders services to the Company, notably in Acquiring Processing activities essentially in Belgium, Germany and in the Netherlands. As initially planned and contractually materialized between the Company and equensWorldline, services are priced at arm’s length and according to Group transfer pricing rules. The services are invoiced and paid on a monthly basis. Prices are revised annually at budget period. In certain cases, agreements are entered into between Company’s subsidiaries for the provision of specific services. Tax consolidation agreements E.8.4.3 Since the listing of the Company’s shares on Euronext Paris, a consolidated tax group is in place in France between the Company and its French subsidiaries in which it holds at least 95% of the share capital, as from January 1, 2015. Upon creation of this group, the Company entered into tax consolidation agreements with each of the member companies of its consolidated tax group to govern the subsidiaries’ contribution to the Group’s taxes, for which the Company is the sole taxpayer in its capacity as the new parent company.

Local Services Agreements E.8.4.2 Following the acquisition of Equens and the carve out of some Worldline businesses into equensWorldline Group, the Company entered into the service agreements with equensWorldline essentially in France, Belgium and Germany but also in the Netherlands. These agreements relate to global services and local services. Global services are essentially global service agreements covering in particular global support functions and corporate services and trademark fees that are invoiced to equensWorldline. Local services relate, on the one hand, to local services rendered to equensWorldline mainly with respect to the delivery and production (hosting, infrastructure services and resources support) but also to support functions (finance, human resources, legal, communication and marketing, purchasing, etc…). equensWorldline’s services also pass through services like terminals or telecom services that are passed on to equensWorldline external clients. On the other

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323 Universal Registration Document 2019