Assystem - 2018 Register document

5

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

2018

2017

In millions of euros

At 1 January

1.6 4.6

3.6 2.0 0.8

Additions

Increases related to business combinations Decreases related to discontinued operations

(0.7)

-

(2.9) (1.6) (0.1) (0.1) (0.1) 1.6

Amortisation

(0.8)

Disposals and retirements

- - -

Currency translation differences

Other movements At 31 December

4.7

Gross value at 31 December

11.8 (7.1)

7.3

Accumulated amortisation and impairment losses at 31 December

(5.7)

Intangible assets primarily correspond to software used by the Group.

The Group is currently developing a new ERP system for its financial management processes. The development costs capitalised in relation to this system amounted to €2.5 million at 31 December 2018.

6.2

Property, plant and equipment

In accordance with IAS 16, an asset is classified as property, plant and equipment if it is held for use in the production or supply of goods or services, or for administrative purposes. These assets are recognised in the consolidated statement of financial position if it is likely that the future economic benefits attributable to the asset will flow to the Group and if the cost of the asset can be measured reliably. Property, plant and equipment are depreciated on a straight-line basis over their useful lives, as follows:

● fixtures, fittings and facilities: 3 to 10 years;

vehicles: 3 to 5 years;

●

● office and IT equipment: 3 to 5 years;

● furniture: 10 years. Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Subsequent expenditure is capitalised (and either included in the carrying amount of an asset or recognised as a separate component) if the IAS 16 recognition criteria are met, i.e. if it is probable that the future economic benefits associated with the expenditure will flow to the Group and the expenditure can be measured reliably. Routine repair and maintenance costs are expensed in the period they are incurred. The depreciable amount of property, plant and equipment is determined after deducting residual value if this value is deemed material. If significant parts of an item of property plant and equipment have different useful lives and therefore different depreciation periods they are accounted for as separate items (major components) of property, plant and equipment. Assets acquired under finance leases or long-term leases which transfer substantially all the risks and rewards of ownership of the asset to the lessee are recognised as non-current assets in the consolidated statement of financial position.

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ASSYSTEM

REGISTRATION DOCUMENT 2018