Worldline - Registration Document 2016

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Financial Information concerning the Group’s Assets and Liabilities, Financial Condition andResults Parent Company summary financial statements

Rules and accountingmethods 20.2.2.3

Intangible assets

mainly of software, licenses, merger deficit and goodwill. Intangible assets are booked at their acquisition cost and consist expense. application used for operational needs are recognized as an Software created for an internal use and development costs of useful life, not exceeding 3 years. Software is amortized on a straight-line basis over their expected value in use. If need be, a provision on goodwill can be booked based on the Tangible assets The tangible fixed assets are evaluated at their acquisition value excluding any financial expenses.

respect of: Comptable Général). General conventions were applied, in the provisions of the French General Accounting Plan (Plan accepted accounting principles in France and with the Worldline have been prepared in accordance with generally In application with ANC n° 2015-06, the financial statements of Principle of prudence; ● Principle of going concern; ● to another; Permanence of the accounting methods from one exercise ● Cut-off principle. ● euros. annual accounts are established and presented in thousands of As a principle, items are booked based on historical cost. The

The depreciation calculation is based on a straight-line method over the useful life of the assets, as follows:

Buildings

20 years

Fixtures and fittings Computer hardware

5 to 10 years 3 to 5 years

Vehicles

4 years

Office furniture and equipment

5 to 10 years

Financial assets

economic benefits will be required to settle the obligation; and It is probable that an outflow of resources embodying ● The amount has been reliably quantified. ● Pensions accordance with the ANC recommendation 2013-02. Long-term staff benefits provisions are recognized in Provision is accrued under the “corridor” method. Worldline only lives of the beneficiaries of each plan. at year end. This amortization is made on the remaining working gains and losses exceeding a normal fluctuation margin of 10% recognizes in its income statement, the cumulative actuarial Revenue Services constitute the major part of the revenue of the Group. the treatment has been completed. area of payments are recognized over the period during which Revenues arising from transactional activities, particularly in the The proceeds from subscriptions are recognized on a straight line basis over the term of the contract. balance sheet under “Trade accounts and notes receivables” for contract. Benefits from these contracts are recorded in the incurred, on a given date, with the expected total costs of the completion is determined by comparing the cumulative costs the outcome can be determined reliably. The percentage of service is performed, based on the stage of completion when platform with customers are recognized as and when the Revenues for development projects and/or migration of the share of proceeds to be received and under “Other current outcome of a fixed price contract cannot be estimated reliably, liabilities” for the portion of deferred revenue. When the incurred probably recoverable. revenue is recognized only to the extent of contract costs

financial investments (security deposit, loans). Financial assets consist of participating interests and other exceeds the value-in-use. impairment loss is recognized when the acquisition cost Financial assets are initially booked at their acquisition cost. An outlooks. The value-in-use takes in account net assets and earnings Trade accounts andnotes receivable nominal value. They are individually analyzed and, if necessary, Trade accounts and notes receivable are recorded at their are subject to an impairment loss. recognition, this excess is presented under “deferred income”. and notes receivables”. When invoicing exceeds the revenue In the balance sheet they are recorded under “Trade accounts Securities value. depreciated when the carrying amount is lower than the book Securities are recorded at their acquisition cost. They are Provisions Provisions are recognized when: constructive obligation as a result of past events; Worldline has a present legal, regulatory, contractual or ●

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Worldline 2016 Registration Document