Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

31/12/2016

31/12/2015

In millions of euros

Cash

41.3 44.1 85.4

36.2

Cash equivalents

197.6 233.8

Total

The term accounts held by the Group correspond to cash equivalents within the meaning of IAS 7, “Statement of Cash Flows”. No restrictions have been placed on the use of the Group’s bank accounts.

Most of the term accounts are centralised at the level of Assystem SA. The buybacks of Ornane and Odirnane bonds were partly financed by the use of cash investments.

A reconciliation between cash and cash equivalents presented in the consolidated statement of cash flows and the statement of financial position is shown in the table below.

31/12/2016

31/12/2015

In millions of euros

Cash and cash equivalents

233.8

252.2

Bank overdrafts

(0.4)

(1.7)

Net cash and cash equivalents at beginning of year

233.4

250.5 233.8

Cash and cash equivalents

85.4 (1.0) 84.4

Bank overdrafts

(0.4)

Net cash and cash equivalents at year-end

233.4

8.2 Bond debt and other financial liabilities

Debt and other financial liabilities are initially recognised at fair value less transaction costs, and are subsequently measured at amortised cost determined using the effective interest method. They are classified as “current” when the Group is required to settle them within twelve months after the reporting date and as “non-current” when the settlement is due beyond those twelve months.

events of the year). The Odirnane bonds still outstanding after these buybacks – amounting to €14.3 million (including accrued coupons) – were reclassified under short-term bond debt at 31 December 2016. All of these bonds were redeemed by 6 March 2017.

BOND DEBT The characteristics of the Odirnane bonds led the Group to initially recognise them as equity instruments until the successive buybacks carried out in the second half of 2016 (see Note 2 – Significant

6

2016 26.4 (27.1)

2015 25.6

In millions of euros

1 January

Ornane redemptions

–

Amortised cost

0.8

0.8

Reclassification of outstanding Odirnane bonds Accrued coupons on outstanding Odirnane bonds

14.0

– –

0.3

31 December

14.4

26.4

The redemption value of the Ornane bonds corresponds to their face value (excluding the premium paid on their buyback).

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ASSYSTEM

REGISTRATION DOCUMENT 2016