Assystem - 2018 Register document
5
BUSINESS REVIEW AND FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
AGED RECEIVABLES
Credit risk represents the risk of the Group incurring a financial loss if a client fails to fulfil its contractual obligations.
The table below provides a breakdown of late payments for “Trade receivables” as a whole as well as the impairment losses recorded for disputed receivables and client defaults:
Gross
Impairment
Gross
Impairment
2018
%
2018
2017
%
2017
In millions of euros
Not past due
131.1
83.5%
- - - -
138.4
82.9%
- - -
Up to 30 days past due
10.2
6.5% 1.8% 2.2% 6.0%
9.8 4.0 4.1
5.9% 2.4% 2.5% 6.3%
Between 31 and 60 days past due Between 61 and 180 days past due
2.8 3.5 9.5
0.3 6.6 6.9
More than 181 days past due
6.3 6.3
10.6
Total
157.1 100.0%
166.9 100.0%
5.2 Equity-accounted investees Movements in “Equity-accounted investees” were as follows in 2018 and 2017:
2018
2017
In millions of euros
At 1 January
0.7
0.9
Dividends
(0.7)
(0.7)
Share of profit
0.9
0.9
Other movements At 31 December
(0.2) 0.7
(0.4) 0.7
In view of the geopolitical environment in Yemen, at 31 December 2018 the Group maintained the full write-down of its investment in the joint venture in that country. KEY FIGURES CONCERNING EQUITY-ACCOUNTED INVESTEES
Carrying amount (in millions of euros) 2018
Company Engage Alphatest Momentum
Country
% interest
% voting rights
2017
France France France France Yemen
25
25
0.2 0.5
0.2 0.5
49.84 33.33
49.84 33.33
- - -
- - -
N3A
50 50
50 50
MPH Yemen Limited
2018 63.6
2017 54.4
In millions of euros
Revenue
Profit for the period
1.7 1.7 0.2
2.4 2.4 0.2
Total comprehensive income
Non-current assets
Current assets
39.1 (3.5)
31.9 (2.9)
Non-current liabilities
Current liabilities
(34.6)
(27.6)
Net assets
1.2
1.6
110
ASSYSTEM
REGISTRATION DOCUMENT 2018
Made with FlippingBook - Online Brochure Maker