Assystem - 2018 Register document

BUSINESS REVIEW AND FINANCIAL STATEMENTS

PARENT COMPANY FINANCIAL STATEMENTS

PROVISIONS

NOTE 5

Amount at beginning of year

Amount at year-end

Increases

Decreases

In thousands of euros

Provisions for foreign exchange losses

4,399

2

4,399 2,013 6,412

2

21,631 26,030

2,009 2,011

21,627 21,629

Other provisions for contingencies and charges (1) Total provisions for contingencies and charges Provisions for impairment in value of intangible assets Provisions for impairment in value of property, plant and equipment

28

- -

-

28

186

12

174

12,181

6,195

18,376

Provisions for shares in subsidiaries and affiliates (2)

Provisions for loans

-

-

-

Provisions for treasury shares Sub-total: Provisions for fixed assets

12,395

6,195

12

18,578

Provisions for impairment in value of trade receivables Provisions for impairment in value of intra-group receivables (3) Provisions for impairment in value of sundry debtors

-

-

-

903

283

160

1,026

-

-

-

Sub-total: Provisions for current assets

903

283

160 172

1,026

Total provisions for impairment in value

13,298 39,328

6,478 8,489

19,604 41,233

Total provisions O/w recorded in:

6,584

Operating income and expenses Financial income and expenses Non-recurring income and expenses

16

958

7,992

5,584

481

42

(1) Additions to and reversals of provisions for contingencies and charges in 2018 break down as follows: • an additional €318 thousand provision for potential late payment penalties related to the reassessed amounts of Assystem France’s research tax credits; • a €163 thousand provision for another tax risk; • an additional €1,397 thousand provision for free share/performance share plans for which the related expense will be rebilled to the Group subsidiaries whose employees are beneficiaries of the plans concerned; • a €75 thousand provision for free share/performance share plans for which the related expense will not be rebilled;

5

• a €40 thousand provision for subsidiary-related risks concerning Assystem Italia; • a €16 thousand provision for statutory retirement bonuses for employees; • a €673 thousand reversal of the provision set aside for unoccupied premises; • a €274 thousand reversal of the provision set aside for employee-related disputes;

• a €1,024 thousand reversal of the provision set aside in 2017 for costs related to free share plans; • a €42 thousand reversal of the provision set aside for costs related to the research tax credit dispute. (2) The main additions to provisions for shares in subsidiaries and affiliates concerned the following companies: • ASG: €86 thousand; • MPH Global Services SAS: €1,150 thousand; • Assystem Italia: €218 thousand;

• Envy: €4,621 thousand; • Eradma: €120 thousand. No reversals of provisions for impairment of shares in subsidiaries and affiliates were recognised in 2018. (3) The €283 thousand increase in this item in 2018 related to Assystem Solutions DMCC and the €160 thousand decrease concerned Assystem Italia.

147

ASSYSTEM

REGISTRATION DOCUMENT 2018