Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

OTHER NON-CURRENT LIABILITIES

NOTE 22

Contingent liabilities related to share acquisitions

2015

2014

In millions of euros

Beginning of year

2.0

6.4 2.0 2.1

Effect of changes in scope of consolidation

– –

Effect of unwinding the discount

Changes in fair value recognised in the income statement

(1.0)

(2.5) (6.0) 2.0

Reclassification to other current liabilities

–

YEAR-END

1.0

“Changes in fair value recognised in the income statement” correspond to the new estimate of the contingent consideration recorded in connection with the acquisition of Sud Aviation.

LIABILITIES RELATED TO SHARE ACQUISITIONS AND OTHER CURRENT LIABILITIES

NOTE 23

Liabilities related to share acquisitions

31/12/2015

31/12/2014

In millions of euros

MPH Global Services non-controlling interest put option Additional purchase price consideration for Plast concept

–

6.0

3.6

–

Other

–

0.4 6.4

TOTAL

3.6

The non-controlling shareholder of Assystem SA’s subsidiary, MPH Global Services, held a put option over 19.25% of the capital of that company, which was valued at €6 million at 31 December 2014 (non-controlling interest put option). This option was exercised during the first half of 2015 and Assystem SA acquired the shares concerned for €5.8 million, resulting in a €0.2 million impact on “Other financial income and expenses”. The Group recognised a financial liability in 2015 related to contingent consideration for the acquisition of Plast concept, valued at €3.6 million.

6

Other current liabilities

31/12/2015

31/12/2014

In millions of euros

Amounts owed to clients Other operating payables

6.0 1.4

7.6 2.4

Deferred income

35.2 42.6

33.4 43.4

TOTAL

111

ASSYSTEM

FINANCIAL REPORT 2015