Assystem - 2018 Register document

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

3.1 Scope of consolidation The main companies included in the Group’s scope of consolidation were as follows at 31 December 2018:

Registration number

Percentage interest

Consolidation method

Company name French companies Assystem SA

Country

France France France France France France France

412076937 444159164 572004372 794087502 499137610 831178785 347621831

Parent

FC FC FC FC FC

AEOS

100 100 100 100

Insiema

Assystem Care France MPH Global Services

Expleo Group

38.16

Equity

Euro Contrôle Projet and subsidiaries Non-French companies Assystem Energy & Infrastructure Ltd

100

FC

United Kingdom

100

FC FC FC FC FC FC FC

Radicon

Saudi Arabia

75

Assystem Care Holding Assystem Care Belgium Assystem Care Switzerland

Belgium Belgium

100 100 100 100 100

Switzerland UAE/Qatar

MPH Global Services' non-French subsidiaries

Envy

Turkey

FC: fully consolidated. Equity: accounted for by the equity method.

3.2

Business combinations

5

Business combinations which occurred between 1 January 2004 and 31 December 2009 were recognised in accordance with the requirements of the previous version of IFRS 3. Since 1 January 2010, business combinations have been recognised based on the requirements of the revised version of IFRS 3 (IFRS 3R). In accordance with IFRS 3R, when an entity over which the Group exercises exclusive control is consolidated for the first time: ● the identifiable assets acquired and liabilities assumed are measured at fair value on the date when control is transferred to the Group. When the Group acquires a business, it assesses the assets and liabilities (including client contracts and portfolios) for appropriate classification and designation; ● any non-controlling interest in the acquiree is recognised on an acquisition-by-acquisition basis, either at fair value or at the non- controlling interest’s proportionate share of the recognised amounts of the identifiable net assets of the acquiree. At the date of a business combination, goodwill is measured as the excess of: ● the fair value of the consideration transferred, the amount of any non-controlling interests in the acquiree, and, for a business combination achieved in stages, the acquisition-date fair value of any equity interest previously held in the acquiree; over ● the acquisition-date fair value of the identifiable net assets acquired. For each business combination, the Group elects whether to measure the noncontrolling interests in the acquiree at fair value (“full goodwill method”) or at the proportionate share of the acquiree’s identifiable net assets (“partial goodwill method”). The initial accounting for business combinations must be completed within one year of the acquisition date (the “measurement period”). During this measurement period, the Group retrospectively adjusts the provisional amounts recognised at the acquisition date to reflect any new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognised as of that date. Any gain on a bargain purchase (negative goodwill) is recognised in profit immediately. Subsequent to initial recognition, goodwill is carried at cost less any accumulated impairment losses (see Note 3.3 – Goodwill).

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ASSYSTEM

REGISTRATION DOCUMENT 2018