ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS PARENT COMPANY FINANCIAL STATEMENTS

PREPAID EXPENSES AND DEFERRED INCOME

NOTE 9

Prepaid expenses and deferred income only relate to operating activities.

SHARE CAPITAL

NOTE 10

The Company’s share capital totalled €15,668,216 at 31 December 2017, made up of shares with a par value of €1 each.

Composition of share capital

Number of shares

1- Shares outstanding at beginning of year 2- New shares issued during the year 3- Shares cancelled during the year

22,218,216

-

(6,550,000) 15,668,216

4- Shares outstanding at year-end

Statement of changes in equity

31/12/2017

31/12/2016

In thousands of euros

Amount at beginning of year

304,492 387,768 (21,165)

337,835 (16,350) (16,993)

Profit (loss) for the period

Dividend payouts/contribution premium repayments

Changes in capital • Capital reduction (1)

(6,550)

-

Changes in share premium account, reserves, retained earnings and untaxed provisions • Increase

- -

78

• decrease (1)

(231,196)

Amount at year-end (2)

433,427

304,492

6

(1) Reduction of capital and reserves following the share buyback offer described in Note 1 and cancellation of 550,000 treasury shares. (2) Including €28,425 thousand in premiums and reserves other than the legal reserve, representing an amount almost 3 times higher than the purchase cost of treasury shares owned.

OTHER DISCLOSURES

NOTE 11

Derivative financial instruments The Company uses currency hedges (mainly in the form of forward sales or purchases) in order to safeguard its operating margins on major contracts denominated in foreign currency. It also uses currency swaps to hedge significant intra-group financing in foreign currency. The accounting principles applicable in France for forward financial instruments and hedging transactions were amended by way of ANC Regulation 2015-02 dated 2 July 2015. Assystem has applied this regulation since 31 December 2016. The re-measurement in the balance sheet of all of Assystem’s forward sale contracts at end-2017 resulted in the recognition of a €216 thousand asset under treasury instruments.

At 31 December 2017, all of the Company’s potentially dilutive instruments corresponded to the 253,190 shares not yet delivered under outstanding free share/performance share plans. Hedging transactions The Company’s acquisition of shares in the Turkish company, Envy, was carried out in foreign currency and the transaction was hedged using a swap. The amount recognised in the balance sheet in relation to gains on derivatives during the year was €821 thousand.

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ASSYSTEM

REGISTRATION DOCUMENT 2017