ASSYSTEM_Registration_Document_2017

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

NET LIABILITY RECOGNISED IN THE STATEMENT OF FINANCIAL POSITION

2017 13.7

2016 27.6 (1.2) 26.4

In millions of euros

Present value of funded or partially-funded post-employment benefit obligations

Fair value of plan assets

-

Provision recognised in the statement of financial position

13.7

CHANGE IN THE NET LIABILITY RECOGNISED IN THE STATEMENT OF FINANCIAL POSITION

2017 26.4

2016 23.5

In millions of euros

Net liability at 1 January

Current service cost

1.8 0.3 1.5

1.9 0.4 1.1 0.1 0.1

Interest expense

Remeasurement of the net liability recognised in equity

Currency translation differences

(0.3)

Increases related to business combinations Decreases related to discontinued operations

0.1

(15.4)

-

Benefits paid

(0.7)

(0.9)

Benefits paid directly by the fund Net liability at 31 December

-

0.2

13.7

26.4

Current service cost is recognised under “Depreciation, amortisation and provisions for recurring operating items, net” and interest expense is recorded under “Other financial income and expenses”.

The actuarial gains and losses recognised directly in other comprehensive income mainly relate to the effect of changes in the turnover rate for employees aged over 60. The discount rate used for 2017 was the same as for 2016 (1.5% for France). The composite rate applied for 2017 was determined by reference to the Bloomberg and iBoxx rates.

PRESENT VALUE OF THE POST-EMPLOYMENT BENEFIT OBLIGATION

2017 27.6

2016 24.9

In millions of euros

Present value of the post-employment benefit obligation at 1 January

Current service cost

1.8 0.3 1.5

1.9 0.4 1.1 0.1 0.1

Interest expense

Remeasurement of the net liability recognised in equity

Currency translation differences

(0.3)

Increases related to business combinations Decreases related to discontinued operations

0.1

(16.6) (0.7) 13.7

-

Benefits paid

(0.9) 27.6

Present value of the post-employment benefit obligation at 31 December

PLAN ASSETS

2017 1.2 (1.2)

2016

In millions of euros

Fair value of plan assets at 1 January Decreases related to discontinued operations

1.4

-

Benefits paid

- -

(0.2) 1.2

Fair value of plan assets at 31 December

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ASSYSTEM

REGISTRATION DOCUMENT 2017