Assystem - 2018 Register document

5

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

7.2

Treasury shares

In accordance with IAS 32, shares in the Group’s parent company held by itself or any of its subsidiaries are recognised at cost as a deduction from equity. No fair value gains or losses are recognised on these shares. Post-tax gains or losses arising on the disposal of treasury shares are recognised directly in equity.

Treasury shares 2018

2017

In number of shares At 1 January

509,153 229,084

1,068,442

Purchases of treasury shares Share buyback offer Sales of treasury shares

71,465

-

6,000,000

(67,401) (3,500)

(78,254) (2,500)

Treasury shares delivered to employees and officers Shares cancelled in connection with a capital reduction

-

(6,550,000)

At 31 December

667,336

509,153

(15.3)

(10.7)

Value of treasury shares recognised in equity (in millions of euros)

7.3

Earnings per share

BASIC EARNINGS PER SHARE

Basic earnings per share is calculated by dividing profit for the period attributable to owners of the parent by the weighted average number of ordinary shares outstanding during the period.

2018

2017

Continuing operations

Discontinued operations

Continuing operations

Discontinued operations

Total 19.9 19.9

Total

Profit for the period attributable to owners of the parent Basic earnings attributable to owners of the parent Weighted average number of ordinary shares outstanding during the year

20.2 20.2

(0.3) (0.3)

12.8 12.8

391.3 391.3

404.1 404.1

15,089,319 15,089,319 15,089,319 20,910,097 20,910,097 20,910,097

1.34

(0.02)

1.32

0.61

18.71

19.33

Basic earnings per share (in euros)

DILUTED EARNINGS PER SHARE

Diluted earnings per share is calculated by adjusting (i) profit for the period attributable to owners of the parent for the impact of potentially dilutive instruments, net of the related tax, and (ii) the weighted average number of ordinary shares outstanding by assuming conversion into ordinary shares of all dilutive instruments outstanding. Treasury shares deducted from consolidated equity are not taken into account in the calculation of basic or diluted earnings per share. The Group’s dilutive instruments correspond to free shares. Dilutive instruments are only taken into account if their dilutive impact reduces earnings per share or increases loss per share. In accordance with IAS 33, if diluted earnings per share is higher than basic earnings per share it is considered to be non-representative and is reduced to the same amount as basic earnings per share.

120

ASSYSTEM

REGISTRATION DOCUMENT 2018