Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

MPH Yemen Limited In 2014 a €0.8 million non-recurring expense was recorded in relation to the Group’s joint venture MPH Yemen Limited, in view of the geopolitical environment in Yemen. This corresponded to a full write-down of the Group’s investment in this joint venture, which was not reversed in 2015.

N3A In 2013, in view of N3A’s negative net worth (amounting to €0.9 million for the Group’s share), the Group fully wrote down the loan granted to this joint venture – representing an amount of €0.8 million – and set aside an additional €0.1 million provision for liabilities, reducing the value of its investment in the entity to zero. As N3A returned to profit in 2014 and 2015 (with the Group’s share of profit totalling €0.1 million and €0.2 million respectively), provision reversals in corresponding amounts were recognised in “Share of profit of equity- accounted investees”.

The Group’s holdings in joint ventures are as follows:

Carrying amount (in millions of euros)

Company Engage Alphatest

Country

% interest % voting rights

31/12/2015

31/12/2014

France France France Yemen

25

25

0.2 0.5

0.3 0.7

49.84

49.84

N3A

50 50

50 50

– –

– –

MPH Yemen Limited

The aggregate revenue and income statement and balance sheet items of equity-accounted investees are as follows:

2015

2014

In millions of euros

Revenue

49.5

44.9

1.5 0.1 1.6

1.1

Consolidated profit (1)

Other comprehensive income

–

TOTAL COMPREHENSIVE INCOME (1) Of which: Depreciation/amortisation expense

1.1

(0.2)

(0.1)

Interest expenses Income tax expense

–

–

(0.1)

(0.3)

6

31/12/2015

31/12/2014

In millions of euros

Non-current assets (2)

0.7

0.9

Current assets

23.1 (2.1)

24.0 (0.4)

Non-current liabilities (3)

(19.6)

(21.9)

Current liabilities (4)

NET ASSETS

2.1

2.6

Of which: (2) Cash and cash equivalents (3) Non-current financial liabilities

(11.1)

(9.8)

(1.6) (1.0)

–

(4) Current financial liabilities

(1.6)

101

ASSYSTEM

FINANCIAL REPORT 2015