Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

7.2 Treasury shares

In accordance with IAS 32, shares in the Group’s parent company held by itself or any of its subsidiaries are recognised at cost as a deduction from equity. No fair value gains or losses are recognised on these shares. Post-tax gains or losses arising on the disposal of treasury shares are recognised directly in equity.

Treasury shares 2016

2015

(Number of shares) At 1 January

680,149 670,111 (234,603)

388,117 829,777 (373,988) (105,057) (58,700)

Purchases of treasury shares Sales of treasury shares

Treasury shares delivered on exercise of BSAAR stock warrants and conversion of Ornane bonds

(346)

Treasury shares delivered to employees and officers Shares delivered as consideration for business combinations

(30,530) (16,339)

–

At 31 December

1,068,442

680,149

(22.7)

(12.3)

Value of treasury shares recognised in equity (in millions of euros)

7.3 Earnings per share

BASIC EARNINGS PER SHARE

Basic earnings per share is calculated by dividing profit for the period attributable to owners of the parent by the weighted average number of ordinary shares outstanding during the period.

The dividend payment made by Assystem SA for 2015 resulted in the Company being required to pay the coupons on its Odirnane bonds. Consequently, for the purpose of calculating basic earnings per share, profit for the period attributable to owners of the parent for 2015 was adjusted to exclude the Odirnane coupons.

6

2016 31.5

2015 27.2 (7.2) 20.0

Profit for the period attributable to owners of the parent

Coupons on Odirnane bonds

–

Basic earnings attributable to owners of the parent Weighted average number of ordinary shares outstanding during the year

31.5

21,258,072

21,595,143

1.48

0.93

Basic earnings per share (in euros)

DILUTED EARNINGS PER SHARE

Diluted earnings per share is calculated by adjusting (i) profit for the period attributable to owners of the parent for the impact of all dilutive potential ordinary shares, net of the related tax, and (ii) the weighted average number of ordinary shares outstanding by assuming conversion into ordinary shares of all dilutive instruments outstanding. Treasury shares deducted from consolidated equity are not taken into account in the calculation of basic or diluted earnings per share.

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ASSYSTEM

REGISTRATION DOCUMENT 2016