Assystem - Registration Document 2016

MANAGEMENT REPORT

ASSYSTEM SA PARENT COMPANY FINANCIAL STATEMENTS

3.3 ASSYSTEM SA PARENT COMPANY FINANCIAL STATEMENTS

Companies incorporated outside France

In 2016 the Company continued to perform its role as the head of the Group. The Company’s operating income for 2016 totalled €12.2 million and was derived from management services and expertise provided to the subsidiaries of the Assystem Group. The Company ended the year with a loss of €16.3 million ( versus profit of €93.2 million in 2015). The Company’s assets totalled €525.2 million at 31 December 2016, down €105.9 million compared with 31 December 2015. The Company had no employees at 31 December 2016. During 2016 Assystem SA acquired all of the shares in Silver Atena UK Ltd (previously held by Assystem Deutschland Holding) for €14,551 thousand. It also acquired, on 21 June 2016, 51% of the shares in Envy for €14,018 thousand. At 31 December 2016, Assystem SA either directly or indirectly held 100% of the shares and voting rights of its main operating subsidiaries, which are as follows: 3.3.1 ACQUISITIONS OF SHARES IN NEW SUBSIDIARIES

● Assystem UK and subsidiaries;

Silver Atena UK Ltd;

●

● Assystem Iberia (Spain);

Assystem Portugal;

●

● Assystem Deutschland Holding and subsidiaries (Assystem Gmbh, Berner & Mattner and Silver Atena);

Assystem Romania; Assystem Belgium; Assystem Canada;

●

●

3

●

Assystem US;

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● Assystem Technologies (based in Morocco);

Assystem Switzerland.

●

3.3.2

ACQUISITIONS OF ADDITIONAL SHARES IN EXISTING SUBSIDIARIES

In April 2016, Assystem SA took up 265 shares issued by its French subsidiary, Assystem Investissements, of which it is the sole shareholder. The shares had a par value of €20 each and the total cost of the transaction came to €5 thousand. On 7 November and 16 December 2016 Assystem SA took up shares issued by its subsidiaries ASM Technologies and Silver Atena UK Ltd, for €773 thousand and €1 million respectively.

Companies incorporated in France

● Assystem France SAS and subsidiaries;

● Assystem Engineering & Operation Services SAS and subsidiaries;

3.3.3

SALE OF SHARES IN SUBSIDIARIES

● Assystem International SAS; ● Assystem Investissements SAS;

In April 2016, Assystem SA sold 5.20% of the capital of its subsidiary Eurosyn to H2D Invest for €207 thousand.

● MPH Global Services and subsidiaries.

3.3.4

SUPPLIER PAYMENT TIMES

As required under Article D. 441-4 of the French Commercial Code, the breakdown of supplier payable balances by due date at 31 December 2016 is shown in the table below.

Due in 0-30 days

Due in 31-60 days

Due beyond 60 days

Overdue payables

Due dates (in thousands of euros) At 31 December 2016 General suppliers (401 – 403) Suppliers of fixed assets (404 – 405)

Total

416

42

_ –

33

491

–

–

–

_

Total

416

42

0

33

491

At 31 December 2015 General suppliers (401 – 403)

1,090

25

– –

25

1,140

Suppliers of fixed assets (404 – 405)

–

–

–

_

Total

1,090

25

0

25

1,140

The “Trade payables” account amounted to €8,270 thousand at 31 December 2016. The €7,779 thousand difference compared with the total in this table corresponds to accrued trade payables.

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ASSYSTEM

REGISTRATION DOCUMENT 2016