Assystem - Registration Document 2016

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

6.1.4

CONSOLIDATED STATEMENT OF CASH FLOWS

Notes

2016

2015

In millions of euros

Cash flows from operating activities EBITA including share of profit of equity-accounted investees

66.9

57.8 10.3 68.1

Depreciation, amortisation and provisions for recurring operating items, net

5.5

8.8

EBITDA

75.7 (3.4)

Change in operating working capital requirement

5.1

6.0

Income tax paid Other movements

(12.8)

(9.5)

(5.8) 53.7

(12.3)

Net cash generated from operating activities

52.3

Cash flows from investing activities Acquisitions of property, plant and equipment and intangible assets, net of disposals, of which:

(8.4) (8.9)

(7.5) (7.7)

6.5 6.5

Acquisitions of property, plant and equipment and intangible assets Proceeds from disposals of property, plant and equipment and intangible assets

0.5

0.2

Free cash flow

45.3

44.8

Acquisitions of shares in consolidated companies, net of sales, of which:

(26.4) (26.6)

(34.0) (34.8)

3.2

Acquisitions of shares in consolidated companies Proceeds from sales of shares in consolidated companies Loans repaid to the Group by non-consolidated companies

0.2

0.8 0.1

–

Net cash used in investing activities

(34.8)

(41.4)

Cash flows from financing activities Net financial income received (expenses paid)

(1.5) 80.0

3.9

Proceeds from new borrowings

8.2 8.2 7.4

–

(32.3) (17.9)

(1.7)

Repayments of borrowings and movements in other financial liabilities (1)

(16.2)

Dividends paid (2)

(176.9)

–

Buybacks of equity instruments (3) Coupon paid on equity instruments (3)

(7.2) (9.8)

(7.2) (6.3)

Other movements in equity of the parent company

Net cash used in financing activities

(165.6) (146.7)

(27.5) (16.6) 250.5

Net decrease in cash and cash equivalents

Net cash and cash equivalents at beginning of year Effect of non-monetary items and changes in exchange rates

8.1

233.4

(2.3)

(0.5)

Net decrease in cash and cash equivalents

(146.7)

(16.6) 233.4

Net cash and cash equivalents at year-end

8.1

84.4

(1) Including €31.5 million related to the buybacks of Ornane bonds in 2016. (2) Including €17 million in 2016 and €16.2 million in 2015 paid to shareholders of Assystem SA. (3) Odirnane bonds. The accompanying notes form an integral part of the consolidated financial statements.

84

ASSYSTEM

REGISTRATION DOCUMENT 2016