ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS PARENT COMPANY FINANCIAL STATEMENTS

3.2 Long-term investments Movements in long-term investments were as follows:

Gross value at beginning of year Increase in gross value Decrease in gross value Gross value at year-end

In thousands of euros

Shares in subsidiaries and affiliates (1) Loans to subsidiaries and affiliates (2)

364,289 39,522

211,678

225,871 15,991

350,096 29,551

6,020

Deposits and guarantees

11

-

2

9

Convertible bonds (including accrued interest)

-

63,616

-

63,616

Treasury shares

22,728

2,239

18,602

6,365

Total

426,550

283,553

260,466

449,637

(1) Increases in the gross value of shares in subsidiaries and affiliates reflect: • the acquisition from HDL Development of all of the shares in Assystem Conseils (€3 thousand); • the acquisition of a 60% interest in Plast Concept (€3,679 thousand); • the purchase of new shares issued by Assystem Energy Infrastructure Ltd UK, paid up in cash (€5,514 thousand); • the purchase of new shares issued by Assystem Technologies Belgium (€365 thousand); • the purchase of new shares issued by Assystem Technologies Switzerland (€696 thousand); • the purchase of Assystem Technologies Groupe shares (€62,140 thousand); • the acquisition of all of the shares in The Biotech Quality Group (€10,905 thousand); • the acquisition of a 5% interest in Framatome (€123,726 thousand); • the acquisition from Assystem EOS of a 15.14% interest in MPH Global Services SAS (€4,650 thousand).

The full amount of the €225,871 thousand in decreases in the gross value of shares in subsidiaries and affiliates was due to the sale of shares in the entities making up the GPS division (Assystem Deutschland, Assystem Iberia, Assystem Portugal, Assystem Canada, Assystem France, Assystem Romania, Assystem UK, Assystem International, Assystem India, Silver Atena UK Ltd, Assystem Technologies, Assystem US, Vista Technologie, Assystem Maroc, Assystem Talent International Management, Plast Concept, Assystem Technologies Belgium, Assystem Technologies Switzerland and Assystem Shanghai). (2) During the year, €6,020 thousand worth of loans were granted to the Company’s subsidiaries: • the total amount of loan repayments in 2017 came to €15,991 thousand; • all of the loans granted to GPS entities were repaid; • the amounts shown above were translated into euros using the exchange rates prevailing on the inception dates of the loans. The impact of translating these loans using year-end exchange rates corresponded to an aggregate €878 thousand.

The table below shows a summary of movements in treasury shares during 2017:

Number of shares

Value

In thousands of euros

Number of treasury shares at 31 December 2016

1,068,442 71,465 (78,254) (2,500) (550,000)

22,728 2,239 (1,574)

Purchases (liquidity contract) Sales (liquidity contract) Deliveries of free shares

(51)

Cancellations

(12,667)

6

509,153

10,675

Number of treasury shares at 31 December 2017 (1)

(1) Including €6,365 thousand recorded in “Long-term investments” and €4,310 thousand in “Marketable securities”.

3.3

Change in depreciation and amortisation

Amount at beginning of year

Amount at year-end

Increases

Decreases

In thousands of euros Amortisation Other intangible assets

671 671

27 27

-

698 698

Sub-total

-

Depreciation Buildings on own land

1,884

-

- - - - -

1,884

Other buildings, fixtures and fittings

378 602 527

32 90 36

410 692 563

General fixtures

Furniture, IT and office equipment

Sub-total

3,391 4,062

158 185

3,549 4,247

Total

-

149

ASSYSTEM

REGISTRATION DOCUMENT 2017