Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

The carrying amount of property, plant and equipment acquired under finance leases in the past two years is as follows:

31/12/2015

31/12/2014

In millions of euros

Carrying amount of property, plant and equipment acquired under finance leases

0.2

0.2

Cash flows related to acquisitions of property, plant and equipment and intangible assets were as follows in 2015 and 2014:

2015

2014

In millions of euros

Movements in operating loans and guarantee deposits

(1.2)

(1.0) (1.8) (1.9) (4.9)

Acquisitions of business bases Acquisitions of intangible assets

–

(1.9) (4.9)

Acquisitions of property, plant and equipment

Movements in amounts due to suppliers of non-current assets

0.3

1.3

ACQUISITIONS OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

(7.7)

(8.3)

INVESTMENT PROPERTY

NOTE 10

The fair value measurement was classified as level 3 in the IFRS fair value hierarchy in view of the inputs used for valuing the asset. At 31 December 2015, the value of the investment property was €1.4 million. There have been no significant changes in the substance of the lease contract on the property since the last valuation was performed.

The building recognised under “Investment property” at 31 December 2015 corresponds to a fully-owned property located in Equeurdreville, France, which is measured at fair value. It was valued in February 2014 by an independent valuer who has no legal ties with the Group and has the required qualifications to conduct such a valuation. In compliance with IFRS, the valuation method used was based on analysing recent transactions involving similar assets in the same market, as well as a return-based approach. Major market trends were also taken into consideration.

JOINT VENTURES (EQUITY-ACCOUNTED INVESTEES)

NOTE 11

As from 2015 the income statement line “Share of profit of equity- accounted investees” is presented after “Operating profit before non- recurring Items (EBITA)”, and a new sub-total is presented – “EBITA including share of profit of equity-accounted investees”. The companies whose profit is included in this line all have operations that are closely connected with those of the Group.

The application of IFRS 11 had an impact on the consolidated financial statements, as it required the Group to account for the companies Engage, N3A and MPH Yemen Limited by the equity method as from 1 January 2014 along with Alphatest which was already accounted for by this method in prior years.

Equity accounted investees

2015

2014

In millions of euros

Beginning of year

1.0

1.9

Dividends

(0.5)

(0.5)

Share of profit

0.5

0.3

Non-recurring expenses

–

(0.8) 0.1 1.0

Other movements

(0.3) 0.7

YEAR-END

100

ASSYSTEM

FINANCIAL REPORT 2015