Assystem - 2018 Register document
5
BUSINESS REVIEW AND FINANCIAL STATEMENTS
PARENT COMPANY FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET AND INCOME STATEMENT
NOTE 3
3.1
Change in the gross value of fixed assets
Gross value at beginning of year
Increase in gross value
Decrease in gross value
Gross value at year-end
In thousands of euros Intangible assets
748
10
758
Property, plant and equipment
4,446
1
88
4,359
Long-term investments
449,637 454,831
160,071 160,082
79,970 80,058
529,738 534,855
Total
Year-on-year changes in long-term investments, as set out in Note 3.2 below, primarily relate to the acquisitions of shares in subsidiaries and affiliates referred to in Note 1 above, as well as new loans granted to subsidiaries, and treasury share transactions.
At 31 December 2018, intangible assets broke down as €715 thousand in software, €15 thousand corresponding to a fully-amortised patent and €28 thousand in goodwill. Property, plant and equipment broke down as €3,498 thousand in buildings, fixtures and fittings, €645 thousand in office furniture and equipment and €216 thousand in works of art.
3.2 Long-term investments Movements in long-term investments were as follows:
Gross value at beginning of year
Increase in gross value
Decrease in gross value
Gross value at year-end
In thousands of euros
Shares in subsidiaries and affiliates (1) Loans to subsidiaries and affiliates (2)
350,096 29,551
67,880
13,719 23,012
404,257 12,715
6,176
Deposits and guarantees
9
2
11
Convertible bonds (including accrued interest)
63,616
45,697
7,069 3,124
102,244 10,511 529,738
Treasury shares
6,365
7,270
Total
449,637
127,025
46,924
(1) Increases in the gross value of shares in subsidiaries and affiliates reflect: • the recapitalisation of Assystem Italia through the capitalisation of its current account with Assystem SA (€218 thousand); • the acquisition of Assystem Care Belgium shares (€80 thousand); • the take-up of shares as part of a capital increase carried out by Expleo Group (€30,360 thousand); • the acquisition of Assystem Care France shares (€13,565 thousand), which were immediately exchanged for Assystem Care Holding shares; and the purchase of additional Assystem Care Holding shares (€10,092 thousand). • The decrease in gross value of shares in subsidiaries and affiliates in 2018 corresponds to the transfers of shares in Assystem Belgium, Assystem Switzerland and Assystem Care France to Assystem Care Holding. (2) The €12,715 thousand recorded under the gross value of loans to subsidiaries and affiliates at 31 December 2018 included a €10,908 thousand loan to Assystem EOS. Currency translation differences related to loans to subsidiaries and affiliates corresponded to an aggregate €4,866 thousand. The table below shows a summary of movements in treasury shares during 2018:
Number of shares
Book value
(In thousands of euros)
Number of treasury shares at 31 December 2017
509,153 73,749 155,335 (67,401)
10,675 2,084 4,257 (1,657)
Purchases (liquidity contract)
Purchases (agency agreement to purchase Assystem SA shares)
Sales (liquidity contract) Deliveries of free shares
(3,500)
(85)
Adjustments to free share plans (difference between set and non-set price)
16
Number of treasury shares at 31 December 2018*
667,336
15,290
* Including €10,511 thousand recorded in “Long-term investments” and €4,779 thousand in “Marketable securities”.
144
ASSYSTEM
REGISTRATION DOCUMENT 2018
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