Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

CASH AND CASH EQUIVALENTS

NOTE 15

31/12/2015

31/12/2014

In millions of euros

Cash

36.2

43.1

Cash equivalents

197.6 233.8

209.1 252.2

TOTAL

The units in “SICAV” money-market funds and the term accounts held by the Group correspond to cash equivalents within the meaning of IAS 7, “Statement of Cash Flows”. No restrictions have been placed on the use of the Group’s bank accounts.

DERIVATIVE INSTRUMENTS

NOTE 16

Currency derivatives See the “Exchange rate risk” sections of Note 5 – Risk management for further details of the Group’s currency hedges.

2015

2014

Change in fair value

Assets

Liabilities

Assets

Liabilities

In millions of euros

Currency hedges – CFH *

0.2 0.2 0.2

– –

0.3 0.3

– – – –

(0.1) (0.1) (0.1)

TOTAL

Short-term portion

–

Change in cash flow hedge reserve

–

0.3

–

–

* Cash Flow Hedge.

Derivatives embedded in the Ornane bonds The derivatives embedded in the Ornane bonds are recognised under “Fair value of derivatives” on the liabilities side of the consolidated statement of financial position.

2015

2014

In millions of euros

Beginning of year

0.7

6.9

Financial impact of Ornane buybacks

–

(4.9) (1.3) 0.7

Change in fair value of outstanding Ornane bonds recognised through profit

1.4 2.1

YEAR-END

104

ASSYSTEM

FINANCIAL REPORT 2015