Assystem - Registration Document 2016

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

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

2016

2015

Financial liabilities at fair value through profit or loss

Financial liabilities at amortised cost

Carrying amount

Carrying amount

Derivatives

Fair value

In millions of euros

Bond debt

14.4 87.1

14.4 86.3

– – –

–

14.4 87.1

26.4

Other debt and current and non-current financial liabilities

0.8

6.7 2.1

Fair value of derivatives

–

–

–

–

Current and non-current liabilities related to share acquisitions

18.5

– –

18.5

– – – – –

18.5

4.6

Other non-current liabilities

5.9

5.9

5.9

–

Trade payables

66.4

66.4

– – –

66.4

55.3

Due to suppliers of non-current assets

1.5

1.5

1.5

0.9 7.4

Other current liabilities*

10.1

10.1

10.1

Total

203.9

178.7

24.4

0.8

203.9

103.4

* Excluding deferred income.

11.2 Fair value hierarchy The Group uses the fair value hierarchy established in IFRS which categorises financial instruments into three levels based on the inputs to valuation techniques used to measure their fair value as recognised in the statement of financial position. These levels are as follows: ● level 1: financial instruments for which there are quoted prices in an active market; ● level 2: financial instruments whose fair value measurement is based on observable market inputs other than quoted prices included in level 1;

● level 3: financial instruments whose inputs are unobservable ( i.e. inputs whose value does not result from the price of observable market transactions for the same instrument or from observable market data available at the reporting date) or inputs which are only partially observable. This level notably applies to unlisted equity securities, which are valued at their purchase price plus transaction costs as there is no active market for them.

At 31 December 2016, the fair value hierarchy levels for the Group’s financial instruments were as follows:

2016

Level 2 – Observable market inputs

Level 3 – Unobservable inputs

Level 1 – Market price

Total 1.4 0.2 1.6 0.8 18.5

In millions of euros Investment property

– – – – – – –

– – –

1.4 0.2 1.6

Available-for-sale financial assets

Total

Currency derivatives

0.8

–

Current and non-current liabilities related to share acquisitions

– –

18.5

Other non-current liabilities

5.9

5.9

Total

0.8

24.4

25.2

116

ASSYSTEM

REGISTRATION DOCUMENT 2016