Assystem - 2018 Register document

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

● HDL Development, which holds 77.32% of the Company’s exercisable voting rights and provides management services to the Group; ● Radicon’s minority shareholder and RGCK – the joint operation owned by Radicon and Kentz.

RELATED-PARTY INFORMATION The Group has defined four categories of related parties:

● joint ventures (excluding Expleo Group, for which information is provided in Note 6.4 – Expleo Group shares and convertible bonds); ● the members of Assystem’s Board of Directors and Assystem SA’s corporate officers (see Note 5.3.3 – Share-based payments);

Transactions with related parties were as follows in 2018 and 2017:

2018 17.7

2017 12.9

In millions of euros

Revenue

Other operating income and expenses

- -

0.2 0.2 2.6 0.7 0.8

Financial income

Trade receivables and other current assets Trade payables and other current liabilities

5.2 1.4 0.8

Loans

The Group has recognised a financial liability for amounts owed to Radicon’s minority shareholder, which totalled €3.6 million at 31 December 2018 and €3.4 million at 31 December 2017. During 2018, Radicon recognised €3.2 million in revenue generated with RGCK and net trade receivables due from RGCK but not yet settled amounted to €1.3 million at the year-end.

Engage has issued €11.6 million worth of guarantees which have been counter-guaranteed by its shareholders in proportion to their interests in the company. Consequently, Assystem has guaranteed 25% of the overall amount (representing the proportion of its interest in Engage), corresponding to €2.9 million. Momentum has issued €5.9 million worth of guarantees which have been counter-guaranteed by its shareholders in proportion to their interests in the company. Consequently, Assystem has guaranteed 33.33% of the overall amount (representing the proportion of its interest in Momentum), corresponding to €2.0 million.

5

5.3

Payroll costs and employee benefit obligations

5.3.1 BREAKDOWN OF PAYROLL COSTS IN THE CONSOLIDATED INCOME STATEMENT

2018

2017

In millions of euros Wages and salaries

(257.9)

(218.5)

Social security contributions

(64.1)

(59.2)

Total

(322.0)

(277.7)

111

ASSYSTEM

REGISTRATION DOCUMENT 2018

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