Assystem - 2018 Register document

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

Movements in deferred tax assets and liabilities break down as follows:

Employee benefit obligations

Tax loss carry forwards

Unrecognised deferred tax assets

Net deferred tax assets (a-b)

Deferred tax assets (a)

Deferred tax liabilities (b)

Other 4.0 (0.6) (1.5)

In millions of euros

At 31 December 2016

5.9 (3.5)

10.8 (3.0) (6.8)

(2.3)

18.4 (6.0) (7.0)

(1.4)

17.0 (5.8) (7.0)

Decreases related to discontinued operations

1.1 1.0

0.2

Year-on-year changes recognised in the income statement Deferred taxes recognised in other comprehensive income

0.3

-

0.4

- - -

(0.3)

- - - -

0.1 0.3

- - -

0.1 0.3

Deferred taxes recognised in equity Currency translation differences

- - -

0.3

(0.1) 0.2 2.0 (0.3) (0.9)

(0.1) (0.6) 5.1

(0.1)

Other

(0.8) 0.2

0.6

-

At 31 December 2017

3.1 0.1 0.2 (0.1) 3.3

(0.2)

(0.6)

4.5 0.1 0.2 (0.1) 4.7

Increases related to business combinations

0.3 0.9

- -

0.1 0.2

- -

Year-on-year changes recognised in the income statement Deferred taxes recognised in other comprehensive income

-

-

-

(0.1) 5.3

-

At 31 December 2018

1.4

0.8

(0.2)

(0.6)

Other deferred tax assets mainly concerned employee profit-sharing, depreciation and amortisation and derivative instruments.

OFF-BALANCE SHEET COMMITMENTS

NOTE 13

At 31 December 2018, Management considered that there were no existing off-balance sheet commitments, other than those set out below, that would be likely to have a material impact on the current or future financial position of the Assystem Group.

5

13.1 Operating leases The table below shows minimum future lease payments due under non-cancellable operating leases:

Due in less than 1 year

Due in 1 to 5 years

Due beyond 5 years

Total

In millions of euros

Minimum future lease payments at 31 December 2018

7.5 3.4 4.1 7.1 4.1 3.0

5.8 3.6 2.2 5.4 2.8 2.6

-

13.3

Real estate

- -

7.0 6.3

Other

Minimum future lease payments at 31 December 2017

0.1 0.1

12.6

Real estate

7.0 5.6

Other

-

13.2 Other commitments

Commitments given

Commitments received Guarantees received for payments relating to the sale of securities

Deposits, guarantees and sureties

Deposits, guarantees and sureties

Unused credit facilities

Collateral

In millions of euros Holding company

14.3

- - - - - -

1.3 1.5

- - - - - -

120.0

France

3.4 0.7 5.8 0.1

- - - -

United Kingdom

- - -

AMEA Other Total

24.3

2.8

120.0

131

ASSYSTEM

REGISTRATION DOCUMENT 2018