Worldline - Registration Document 2016

20

Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults Group Consolidated Financial Statements

Goodwill mainly corresponds to: € 243.3 million related to Banksys acquisition; and ● € 387.4 million related to the acquisitions of the year ● Equens/Paysquare and Cataps, as detailed in Note 1.

Goodwill is allocated to Cash Generating Units (CGUs) which correspond to the three operating segments disclosed in Note 4 “Segment information by Global Business Line”.

December 31, 2016

December 31, 2015

(in € million)

Merchant Services & Terminals

293.6 446.9

221.0 132.1

Financial Services

Mobility & e-Transactional Services

25.9

27.0

Total

766.4

380.1

impairment tests. to reflect the long-term assumptions factored in the Services & Terminals, Financial Services and Mobility & The discount rate of 8.1% is used for all the CGUs (Merchant e-Transactional Services). value has been identified as at December 31, 2016. On the basis of impairment tests carried at year end, no loss of (operating margin, discount rates and perpetual growth rate) did A varying plus or minus 50 basis points of the key parameters not reveal the existence of any risk on the Group’s CGUs.

assumptions: The recoverable amount of a CGU is based on the following using an estimated perpetuity growth rate of 2.5%. This rate Terminal value is calculated after the three-year period, ● reflects specific perspectives of the payment sector; and account specific tax rates. The Group considers that the weighted average cost of capital and adjusted to take into based on a historical equity risk premium of 6.91%, in order weighted average cost of capital should be determined Discount rates are applied by CGU based on the Group’s ●

Note 14

Intangible assets

Patent Relationships/ Customer

Software & Licenses

Other assets

Total

(in € million)

Gross value At January 1, 2016

209.8

31.2

27.2

268.2

Additions

5.9

- -

0.1

6.0

R&D capitalized

45.4 80.1 -6.0 -2.0

- - -

45.4

Impact of business combination

97.6

177.7

Disposals

-

-6.0 -4.5

Exchange differences At December 31, 2016

-0.4

-2.1 25.2

333.2

128.4

486.7

Accumulated depreciation At January 1, 2016 Depreciation charge for the year

-96.3 -32.2

-25.2

-23.0

-144.5

-6.1

- -

-38.3

Disposals/reversals* Exchange differences

6.1 0.6

-

6.1 2.3

-0.2

1.9

Impairment

-0.2

-

-

-0.2

At December 31, 2016 Net value At January 1, 2016 At December 31, 2016

-122.0

-31.5

-21.1

-174.6

113.5 211.2

6.0

4.2 4.1

123.7 312.2

96.9

*

Writte-off of fully depreciated assets.

198

Worldline 2016 Registration Document