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