Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

LIABILITIES RELATED TO SHARE ACQUISITIONS (CURRENT AND NON-CURRENT) AND OTHER NON-CURRENT LIABILITIES

NOTE 10

In some cases the Group grants put options to minority shareholders of its subsidiaries in relation to their non-controlling interests held in those subsidiaries. The exercise price of these options may be fixed or based on a pre-determined formula. Where such put options are granted, the Group recognises a related financial liability. This liability is initially recognised at the present value of the exercise price and at the end of subsequent reporting periods it is measured by reference to the fair value of the shares that would potentially have to be purchased if the exercise price is based on fair value. Subsequent changes in the fair value of the put options are recognised in financial income or expenses. The Group also recognises a non-current liability for the discounted amounts relating to commitments to pay dividends to third-party shareholders. The amount recorded in the consolidated financial statements at 31 December 2016 for put options written over non-controlling interests totalled €18.5 million (breaking down as €4.4 million recorded under current liabilities and €14.1 million under non-current liabilities). The majority of the put options granted by the Group relate to the acquisitions of Aerotec Concept (€4.9 million) and Envy (€9.2 million). The discounted amounts relating to commitments to pay dividends to third-party shareholders are recorded under “Other non-current liabilities” and totalled €5.9 million at 31 December 2016.

ADDITIONAL INFORMATION ON FINANCIAL ASSETS AND LIABILITIES

NOTE 11

11.1 Accounting classification of financial assets and liabilities

FINANCIAL ASSETS The table below shows the carrying amounts and fair values of the Group’s financial assets over the past two years:

2016

2015

6

Financial assets at fair value through profit or loss

Financial assets at amortised cost

Available-for- sale financial assets

Carrying amount

Carrying amount

Fair value

In millions of euros Investment property

1.4 0.2

–

– –

1.4

1.4 0.2

1.4 0.2

Available-for-sale financial assets

0.2

– – – – – –

Other financial assets Trade receivables Other receivables* Other current assets

13.7

– – – – –

13.7

13.7

11.8

320.1

320.1

320.1

298.2

4.9 0.3

4.9 0.3

4.9 0.3

5.5 0.5

Cash and cash equivalents

85.4

85.4

85.4

233.8 551.4

Total

426.0

0.2

424.4

1.4

426.0

* Excluding employee-related receivables, tax receivables and prepaid expenses.

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ASSYSTEM

REGISTRATION DOCUMENT 2016