Assystem - Registration Document 2016

ÉTATS FINANCIERS

PARENT COMPANY FINANCIAL STATEMENTS

NOTES TO THE BALANCE SHEET AND INCOME STATEMENT

NOTE 3

3.1 Change in the gross value of fixed assets

Gross value at beginning of year

Increase in gross value

Decrease in gross value

Gross value at year-end

In thousands of euros Intangible assets

743

27 43

23 20

747

Property, plant and equipment

4,423

4,446

Long-term investments

393,889 399,055

55,374 55,444

22,713 22,756

426,550 431,743

Total

Year-on-year changes in long-term investments primarily relate to the purchases of shares in subsidiaries and affiliates referred to in Note 1 above, as well as new loans granted to subsidiaries and the treasury share transactions described in Section 3.2 below.

At 31 December 2016, intangible assets broke down as €704 thousand in software, €15 thousand corresponding to a fully-amortised patent and €28 thousand in goodwill. The €27 thousand year-on-year increase in intangible assets relates to the purchase of new software. Property, plant and equipment broke down as €3,499 thousand in buildings, fixtures and fittings, €696 thousand in office furniture and equipment and €251 thousand in works of art.

3.2 Long-term investments Movements in long-term investments were as follows:

Gross value at beginning of year

Increase in gross value

Decrease in gross value

Gross value at year-end

In thousands of euros

Shares in subsidiaries and affiliates (1) Loans to subsidiaries and affiliates (2)

334,563 47,007

30,358

632

364,289 39,522

8,547

16,032

Deposits and guarantees

11

–

–

11

Treasury shares

12,309

15,677 54,582

5,258

22,728

Total

393,890

21,922

426,550

(1) The year-on-year increase in “Shares in subsidiaries and affiliates” was due to: • the acquisition from Assystem Deutschland Holding of all of the shares in Silver Atena UK Ltd (€14,561 thousand) and the purchase of new shares issued by Silver Atena UK Ltd (€1 million); • the acquisition of 51% of Envy (€14,018 thousand); • the acquisition of new shares issued by ASM Technologies, paid up by capitalising receivables (€773 thousand); • the purchase of new shares issued by Assystem Investissements, paid up in cash (€6 thousand). The year-on-year decrease relates to: • the liquidation of Extra Capital (whose shares had a gross value of €632 thousand). (2) The following loans were granted to Group subsidiaries during 2016:

6

• €3,319 thousand to Assystem UK; • €170 thousand to Assystem US; • €2,059 thousand to Assystem Polynésie; • €1,606 thousand to Assystem Nouvelle-Calédonie; • €100 thousand to Assystem Shanghai.

The total amount of loan repayments during 2016 came to €11,898 thousand.

The amounts shown above were translated into euros using the exchange rates prevailing on the inception dates of the loans. The impact of translating these loans using year-end exchange rates corresponded to an aggregate €2,841 thousand.

The table below shows a summary of movements in treasury shares during 2016:

Treasury share transactions (in thousands of euros) Number of treasury shares at 31 December 2015

Number of shares

Value

680,149 670,111 (281,818) 1,068,442

12,309 15,677 (5,258) 22,728

Purchases

Sales

Number of treasury shares at 31 December 2016

131

ASSYSTEM

REGISTRATION DOCUMENT 2016