Assystem - Registration Document 2016

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FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

3.1 Scope of consolidation Assystem SA’s main subsidiaries included in the scope of consolidation were as follows at 31 December 2016:

Registration numer

Percentage interest

Consolidation method

Company name

Country

French companies Assystem SA Assystem EOS Assystem Expert Assystem France Assystem Régions Athos Aéronautique

France France France France France France France France France

412076937 444159164 509768917 322118605 352268973 415173210 572004372 499137610 309112381

Parent

FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC FC

100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 75

Insiema

MPH Global Services

SCI du Pont Noir

International companies Assystem GmbH

Germany Germany Germany

– – – – – – – –

Silver Atena Electronic Systems Engineering GmbH

Berner & Mattner Systemtechnik GmbH

Radicon

Saudi Arabia

Assystem Romania

Romania

Assystem UK and subsidiaries

United Kingdom

Assystem Technology India Private Limited

India

MPH Consulting Services DMCC

Dubai

FC: Fully consolidated.

3.2 Business combinations

Business combinations which occurred between 1 January 2004 and 31 December 2009 were recognised in accordance with the requirements of the previous version of IFRS 3. Since 1 January 2010, business combinations have been recognised based on the requirements of the revised version of IFRS 3 (IFRS 3R). In accordance with IFRS 3R, when an entity over which the Group exercises exclusive control is consolidated for the first time: ● the identifiable assets acquired and liabilities assumed are measured at fair value on the date when control is transferred to the Group. When the Group acquires a business, it assesses the assets and liabilities (including client contracts and portfolios) for appropriate classification and designation; ● any non-controlling interest in the acquiree is recognised on an acquisition-by-acquisition basis, either at fair value or at the non- controlling interest’s proportionate share of the recognised amounts of the identifiable net assets of the acquiree. At the date of a business combination, goodwill is measured as the excess of: ● the fair value of the consideration transferred, the amount of any non-controlling interests in the acquiree, and, for a business combination achieved in stages, the acquisition-date fair value of any equity interest previously held in the acquiree, over; ● the acquisition-date fair value of the identifiable net assets acquired. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree at fair value (“full goodwill method”) or at the proportionate share of the acquiree’s identifiable net assets (“partial goodwill method”). The initial accounting for business combinations must be completed within one year of the acquisition date (the “measurement period”). During this measurement period, the Group retrospectively adjusts the provisional amounts recognised at the acquisition date to reflect any new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognised as of that date. Any gain on a bargain purchase (negative goodwill) is recognised in profit immediately.

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ASSYSTEM

REGISTRATION DOCUMENT 2016