Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

5.2 Equity-accounted investees

2016 0.7 (1.2)

2015 1.0 (0.5)

In millions of euros At 1 January

Dividends

Share of profit

1.4

0.5

Other movements At 31 December

–

(0.3) 0.7

0.9

In view of the geopolitical environment in Yemen, at 31 December 2016 the Group maintained the full write-down of its investment in the joint venture in that country.

Carrying amount (in millions of euros) 2016

2015

Company Engage Alphatest Momentum

Country

% interest % voting rights

France France France France Yemen

25

25

0.2 0.6 0.1

0.2 0.5

49.84 33.33

49.84 33.33

– – –

N3A

50 50

50 50

– –

MPH Yemen Limited

KEY FIGURES CONCERNING ASSOCIATES

2016 48.8

2015 49.5

In millions of euros

Revenue

Profit for the period

2.2 2.2 0.3

1.5 1.5 0.7

Total comprehensive income

Non-current assets

Current assets

24.2 (2.1)

23.1 (2.1)

Non-current liabilities

Current liabilities

(20.5)

(19.6)

Net assets

1.9

2.1

6

RELATED PARTY INFORMATION The Group has defined four categories of related parties:

● HDL Development, which holds 77.23% of the Company’s exercisable voting rights and provides management services to the Group; ● Radicon’s minority shareholder. The table below provides a summary of related-party transactions and balances.

joint ventures;

●

● the members of Assystem’s Board of Directors and Assystem SA’s corporate officers (see Note 5.3.3 – Share-based payments);

2016

2015

In millions of euros

Revenue

6.3 2.2 0.1 3.0

5.6 0.9

Other operating income and expenses

Financial income

–

Trade receivables and other current assets Trade payables and other current liabilities

3.9

(0.9)

–

Loans

0.8

0.8

(in proportion to its interest in Engage), corresponding to €2.9 million. SNC Momentum has issued guarantees representing a total of €5.9 million at 31 December 2016 which have been counter-guaranteed by its shareholders in proportion to their interests in the Company. Consequently, Assystem has guaranteed 33.33% of the overall amount (in proportion to its interest in Momentum), corresponding to €2.0 million.

The Group has recognised a financial liability for amounts owed to Radicon’s minority shareholder, which totalled €3.9 million in 2016 and €4.2 million in 2015. SNC Engage has issued guarantees representing a total of €11.6 million at 31 December 2016 which have been counter-guaranteed by its shareholders in proportion to their interests in the Company. Consequently, Assystem has guaranteed 25% of the overall amount

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ASSYSTEM

REGISTRATION DOCUMENT 2016