Assystem - 2018 Register document

5

BUSINESS REVIEW AND FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

5.2.4

CONSOLIDATED STATEMENT OF CASH FLOWS

Notes

2018

2017

In millions of euros

Cash flows from operating activities EBITA including share of profit of equity-accounted investees

26.6

62.6

Depreciation, amortisation and provisions for recurring operating items, net

5.5

4.4

7.1

EBITDA

31.0 31.5 (4.8) (7.4) 50.3 51.7 (1.4)

69.7

Change in operating working capital requirement

5.1

(33.2) (14.0)

Income tax paid Other cash flows

(4.6) 17.9 23.2 (5.3)

Net cash generated from operating activities O/w related to continuing operations O/w related to discontinued operations

Cash flows from investing activities Acquisitions of property, plant and equipment and intangible assets, net of disposals, o/w: Acquisitions of property, plant and equipment and intangible assets Proceeds from disposals of property, plant and equipment and intangible assets

(7.9) (8.1)

(10.3) (11.0)

6.6 6.6

0.2

0.7 7.6

Free cash flow

42.4 43.8 (1.4) (4.8)

O/w related to continuing operations O/w related to discontinued operations Acquisitions of shares and purchased goodwill

20.8

(13.2)

3.2

(161.7) 444.7

Sales of shares, net of the reinvestment in Expleo Group in 2017

-

(60.7)

- -

Investment in Expleo Group in 2018 (1)

(7.9)

Other movements, net (2)

Net cash generated from/(used in) investing activities O/w related to continuing operations O/w related to discontinued operations Cash flows from financing activities Net financial income received/(expenses paid)

(81.3) (81.3)

272.7

(141.8) 414.5

-

(1.1) 59.7 (0.1) (5.9) 36.9 5.9 27.3 (1.1) (15.7)

(3.6)

Proceeds from new borrowings

8.2 8.2 7.4

102.9 (200.2)

Repayments of borrowings and movements in other financial liabilities

Dividends paid

(22.9)

Other movements in equity of the parent company Net cash generated from/(used in) financing activities

(225.1) (348.9) (58.3)

Net increase/(decrease) in cash and cash equivalents Net cash and cash equivalents at beginning of year Effect of non-monetary items and changes in exchange rates

8.1

84.4

1.2

Net increase/(decrease) in cash and cash equivalents Net cash and cash equivalents at year-end

5.9

(58.3) 27.3

8.1

32.1

(1) See Note 2 – Significant events of the year. (2) “Other movements, net” primarily correspond to a portion of the income tax due on the capital gain recognised in 2017 on the transfer of control of GPS, amounting to €7.2 million. The accompanying notes form an integral part of the consolidated financial statements.

96

ASSYSTEM

REGISTRATION DOCUMENT 2018