Worldline - Registration Document 2016
20
Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults Group Consolidated Financial Statements
Note 25
Other current liabilities
December 31, 2016
December 31, 2015
(in € million)
Advances and down payments received on client orders
12.9 76.0 35.3 39.2 81.8 25.9
9.0
Employee-related liabilities
64.2 36.0 41.5 40.0 21.3
Social security and other employee welfare liabilities
VAT payable
Deferred income
Other operating liabilities
Total
271.1
212.0
Other current liabilities are expected to be settled within one year, except for deferred income that is released over the particular arrangement of the corresponding contract.
Note 26
Off balance sheet commitments
CONTRACTUAL COMMITMENTS
The table below illustrates the minimum future payments for firm obligations and commitments over the coming years.
Amounts indicated under the finance leases caption are
recorded in the Group statement of financial position.
Maturing
December 31, 2016
December 31, 2015
Up to 1 year
1 to 5 years Over 5 years
(in € million)
Finance leases
2.1
0.1
2.0
- -
1.7
Recorded on the balance sheet Operating leases: land, buildings, fittings Operating leases: IT equipment Operating leases: other fixed assets
2.1
0.1
2.0
1.7
102.7
18.9
52.2
31.6
97.3
0.9 9.9
0.5 4.1
0.4 5.8
- - -
0.2 9.4 9.9
Non-cancellable purchase obligations (> 5 years)
12.0
12.0
-
Commitments
125.5 127.6
35.5 35.6
58.4 60.4
31.6 31.6
116.8 118.5
Total
COMMERCIAL COMMITMENTS
December 31, 2016
December 31, 2015
(in € million)
Bank guarantees
32.6 17.9
15.4 13.3
Operational – Performance ●
Operational – Bid ●
0.1 2.0
0.1 2.0
Operational – Advance Payment ●
Financial or Other ● Parental guarantees
12.6 30.3 30.3
-
3.9 3.9
Operational – Performance ●
Pledges
1.4
-
Total
64.3
19.3
For various large long term contracts, the Group provides parental guarantees to its clients. These guarantees amount to €
30.3 million as of December 31, 2016, compared to € 3.9 million at the end of December 2015.
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Worldline 2016 Registration Document
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