ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS

FINANCING AND FINANCIAL INSTRUMENTS

NOTE 8

8.1

Cash and cash equivalents

The “Cash and cash equivalents” line in the statement of financial position includes cash (cash in hand and demand deposits) and cash equivalents (highly liquid short-term investments readily convertible into a known amount of cash and subject to an insignificant risk of a change in value). Cash and cash equivalents do not include investments in listed shares, investments with an initial maturity of more than three months and no option of early divestment, and bank accounts subject to restrictions (blocked accounts). Net cash and cash equivalents presented in the statement of cash flows corresponds to cash and cash equivalents less bank overdrafts.

2017 28.2

2016 41.3 44.1 85.4

In millions of euros

Cash

Cash equivalents

-

Total

28.2

No restrictions have been placed on the use of the Group’s bank accounts. A reconciliation between cash and cash equivalents presented in the consolidated statement of cash flows and the statement of financial position is shown in the table below.

2017 85.4 (1.0) 84.4 28.2 (0.9) 27.3

2016

In millions of euros

Cash and cash equivalents

233.8

Bank overdrafts

(0.4)

Net cash and cash equivalents at beginning of year

233.4

Cash and cash equivalents

85.4 (1.0) 84.4

Bank overdrafts

Net cash and cash equivalents at year-end

6

8.2

Bond debt and other financial liabilities

Debt and other financial liabilities are initially recognised at fair value less transaction costs, and are subsequently measured at amortised cost determined using the effective interest method. They are classified as “current” when the Group is required to settle them within twelve months after the reporting date and as “non-current” when the settlement is due beyond those twelve months.

BOND DEBT

2017 14.4 (14.1)

2016 26.4 (27.1)

In millions of euros At 1 January

Redemption of Odirnane and Ornane bonds

Amortised cost

- -

0.8

Reclassification of outstanding Odirnane bonds Accrued coupons on outstanding Odirnane bonds

14.0

(0.3)

0.3

At 31 December

-

14.4

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ASSYSTEM

REGISTRATION DOCUMENT 2017