Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

31/12/2014

Financial liabilities at fair value through profit or loss

Financial liabilities at amortised cost

Carrying amount

Derivatives

Fair value

In millions of euros

Bond debt

25.6

25.6

– – –

–

25.6

Other debt and non-current and current financial liabilities

4.0 0.7 2.0

3.9

0.1 0.7

4.0 0.7 2.0

Fair value of derivatives

– –

Contingent liabilities related to share acquisitions

2.0

– – – – –

Trade payables

47.2

47.2

– –

47.2

Due to suppliers of non-current assets Liabilities related to share acquisitions

0.7 6.4

0.7 0.4

0.7 6.4

6.0

Other current liabilities ( * )

10.0 96.6

10.0 87.8

–

10.0 96.6

TOTAL

8.0

0.8

(*) Excluding deferred income.

Fair value hierarchy The Group uses the fair value hierarchy established in IFRS which categorises financial instruments into three levels based on the inputs to valuation techniques used to measure their fair value as recognised in the statement of financial position. These levels are as follows: ● level 1: financial instruments for which there are quoted prices in an active market. ● level 2: financial instruments whose fair value measurement is based on observable market inputs other than quoted prices included in level 1.

● level 3: financial instruments whose inputs are unobservable ( i.e. inputs whose value does not result from the price of observable market transactions for the same instrument or from observable market data available at the reporting date) or inputs which are only partially observable. This level notably applies to (i) unlisted equity securities, which are valued at their purchase price plus transaction costs as there is no active market for them, and (ii) the derivatives embedded in the Ornane bonds (see Note 16 – Derivative instruments).

At 31 December 2015, the fair value hierarchy levels for the Group’s financial instruments were as follows:

31/12/2015

Level 3 – Unobservable inputs

Level 2 – Observable market inputs

Level 1 – Market price

Total

In millions of euros Investment property

6

– – –

– –

1.4 0.2

1.4 0.2 0.2

Available-for-sale financial assets

Currency derivatives Cash equivalents

0.2

– –

33.6 33.6

–

33.6 35.4

TOTAL

0.2

1.6 2.1 1.0 3.6 5.7

Ornane embedded derivatives

– – – –

– – – –

2.1 1.0 3.6 5.7

Contingent liabilities related to share acquisitions

Liabilities related to share acquisitions

TOTAL

115

ASSYSTEM

FINANCIAL REPORT 2015