Assystem - 2018 Register document

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

Land, buildings, and fixtures and fittings

IT equipment

Other 12.9 (8.3) 4.7 2.1 0.1 (4.2) (0.8) (0.1) (0.3) 4.2 (2.7) 1.5 (0.4) (0.1) (0.1) 5.1 (2.9) 2.1 - 1.2

Total

In millions of euros

Gross value at 1 January 2017

23.6 (14.6)

56.7 (52.5)

93.2 (75.4) 17.9

Accumulated depreciation and impairment losses at 1 January 2017

Carrying amount at 1 January 2017

8.9 2.2 0.3 (5.2) (1.9)

4.3 3.8 0.1 (4.3) (2.4) (0.5) (0.1) 0.2 7.9 (6.8) 1.1

Additions

8.1 0.5

Increases related to business combinations Decreases related to discontinued operations

(13.7)

Depreciation

(5.1) (0.5) (0.5)

Disposals and retirements

-

Currency translation differences

(0.3)

Other movements

0.1

-

Gross value at 31 December 2017

10.3 (6.2) 4.1 1.0 (1.3) (0.2) 11.1 (7.5) -

22.4 (15.7)

Accumulated depreciation and impairment losses at 31 December 2017

Carrying amount at 31 December 2017

6.7 3.5 (2.5) (0.1)

Additions

1.3

Depreciation

(0.8)

Currency translation differences

-

Other movements

0.3 9.2 (7.3) 1.9

-

Gross value at 31 December 2018

25.4 (17.7)

Accumulated depreciation and impairment losses at 31 December 2018

Carrying amount at 31 December 2018

3.6

7.6

6.3

Investment property

5

IAS 40 defines investment property as property held to earn rentals or for capital appreciation or both, rather than for use in the production or supply of goods or services or for administrative purposes. Investment property is measured at fair value and any gains or losses arising from changes in fair value are recognised directly in the income statement.

There have been no significant changes in the substance of the lease contract on the property since the last valuation was performed.

The building recognised under “Investment property” at 31 December 2018 corresponds to a fully-owned property located in Equeurdreville, France, which is measured at fair value. It was valued in February 2014 by an independent valuer who has no legal ties with the Group. In compliance with IFRS, the valuation method used was based on analysing recent transactions involving similar assets in the same market, as well as a return-based approach. Major market trends were also taken into consideration. At 31 December 2018, the value of this investment property was €1.4 million.

6.4 Expleo Group shares and convertible bonds As stated in Note 2 – Significant events of the year, Assystem’s interest in the equity and quasi-equity instruments of Expleo Group is recognised in the consolidated statement of financial position under “Expleo Group shares and convertible bonds”. The Expleo Group convertible bonds held by Assystem are measured at fair value through profit or loss.

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ASSYSTEM

REGISTRATION DOCUMENT 2018

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