Assystem - Registration Document 2016

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

The table below shows a breakdown of net debt by currency, converted at the closing rates:

At 31 December 2016

Other currencies

Euro Pound sterling

US dollar

In millions of euros

Net debt

16.1

31.2

(7.4)

(3.0)

(4.7)

8.5 Financial income and expenses

NET FINANCIAL INCOME (EXPENSE) ON CASH AND DEBT “Net financial income (expense) on cash and debt” corresponds to all income and expenses arising during the period on items making up net debt, including gains and losses on interest rate and currency hedges on debt. Changes in the fair value of the above-mentioned categories of financial assets and liabilities are not included in this line in the income statement and instead are recognised in “Other financial income and expenses”.

2016 (0.6) (1.4) (2.0)

2015 (1.1) (1.0) (2.1)

In millions of euros

Bond debt - Ornane and Odirnane Medium- and long-term credit facilities

Interest expense on debt Income from cash investments

1.1 0.1

1.9 4.2 4.0

Foreign exchange gains

Net financial income (expense) on cash and debt

(0.8)

OTHER FINANCIAL INCOME AND EXPENSES Other financial income and expenses correspond to income and expenses that are non-operational ( e.g. financial income arising from the main business of the Company, a subsidiary or a division or financial income associated with a commercial activity) and which are not included in “Net financial income (expense) on cash and debt”. They consist mainly of dividends from non-consolidated companies, impairment of AFS financial assets, gains and losses on disposals of AFS financial assets, impairment and losses on disposals of other current and non-current financial assets, the effect of discounting provisions, changes in the fair value of financial assets, financial liabilities and Ornane bonds, foreign exchange gains and losses on operating assets and liabilities, and miscellaneous financial income and expenses.

2016 (0.1) (1.8) (2.2)

2015 (0.6) (0.7)

In millions of euros Effect of discounting

Amortised cost of financial liabilities

Net expense related to buybacks of Ornane bonds

– –

Foreign exchange gains and losses

1.2 0.2

Net gain (loss) on financial liabilities at fair value through profit or loss

0.3

Miscellaneous financial income and expenses

(0.1)

(0.6) (1.4) (3.0)

Change in fair value of the derivative embedded in Ornane bonds

–

Total other financial income and expenses

(2.8)

112

ASSYSTEM

REGISTRATION DOCUMENT 2016