Amsterdam, 30 March 2018
Transition to new accounting standards
The purpose of this report is to provide disclosure on the 2017 quarterly impact of the IFRS 15 and IFRS 16 accounting standards adoption.
The impact on our income statement for full year 2017 is provided for completeness, as it was previously disclosed in the Q4 and full year 2017 results report, on page 12, published on 6 February 2018.
We also provide the adjusted earnings per share based on our new definition, and the net movement of deferred and unbilled revenues and deferred cost of sales per segment.
Contents
• Consolidated condensed statement of income using IFRS 15 and IFRS 16 accounting standards:
o Q1 2017
o Q2 2017
o Q3 2017
o Q4 2017
o FY 2017
• Adjusted earnings per share
• Net movement of deferred and unbilled revenues and deferred cost of sales per segment.

FINANCIAL AND OPERATIONAL HIGHLIGHTS
Financial summary Q4 '17
• Revenue of €220 million (Q4 '16: €266 million)
• Gross margin of 59% (Q4 '16: 58%)
• EBITDA of €37 million (Q4 '16: €39 million)
• Cash flow from operating activities of €98 million (Q4 '16: €76 million)
Financial summary FY '17
• Revenue of €903 million (FY '16: €987 million)
• Gross margin of 62% (FY '16: 57%)
• EBITDA of €141 million (FY '16: €141 million)
• Non-cash impairment charge on the entire goodwill of the Consumer segment of €169 million
• Adjusted EPS1
of €0.26 (FY '16: €0.23)
• Cash flow from operating activities of €173 million (FY '16: €144 million)
• Deferred revenue position of €244 million (Q4 '16: €204 million)
Operational summary
• Automotive order intake exceeded €400 million in 2017
• Strategic mapping and traffic services cooperation with ZENRIN in Japan
• HD Map & AutoStream to power Baidu's open autonomous driving platform, Apollo
• Online APIs integrated in Microsoft Azure's newly launched location-based services
• Telematics installed base increased by 16% in the year, reaching more than 800,000 subscriptions


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