Assystem - 2018 Register document

BUSINESS REVIEW AND FINANCIAL STATEMENTS

PARENT COMPANY FINANCIAL STATEMENTS

OFF-BALANCE SHEET COMMITMENTS

NOTE 14

Commitments given (in thousands of euros)

Amount 12,995 Amount 120,000

Sureties and guarantees Commitments received

Unused revolving credit facility

Lease commitments

Payments due by period

Obligations (in thousands of euros)

Total

Due within 1 year Due in 1 to 5 years

Due beyond 5 years

Operating leases • vehicles

119

49

70

- -

• premises

Total

119

49

70

-

Derivative financial instruments The Company uses currency hedges (mainly in the form of forward sales or purchases) in order to safeguard its operating margins on major contracts denominated in foreign currency. It also uses currency swaps to hedge significant intra-group financing in foreign currency.

The remeasurement in the balance sheet of all of Assystem’s forward sale hedges at end-2018 resulted in the recognition of a €103 thousand liability under treasury instruments.

REVENUE

NOTE 15

5

Revenue comprises income received for administrative, management and specialist services, which are mainly provided to Assystem Group

subsidiaries. It would not be relevant to provide a breakdown of revenue by business segment or by geographic region.

AVERAGE HEADCOUNT

NOTE 16

The Company’s average headcount corresponded to four employees in 2018.

Assystem SA’s executives do not have employment contracts and instead receive compensation in their capacity as company officers (see the corporate governance report in Chapter 4 of this Registration Document).

EXPENSE TRANSFERS

NOTE 17

● Benefits in kind: €30 thousand

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ASSYSTEM

REGISTRATION DOCUMENT 2018