Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

DISCONTINUED OPERATIONS

NOTE 39

In accordance with IFRS 5, the Group has restated the income statements and statements of cash flows published in prior years for operations that have now been discontinued. “Profit from discontinued operations” recorded in the income statement relates to the Group’s Italian operations, which have been classified as discontinued. This item breaks down as follows:

2015

2014

In millions of euros

Current operating depreciation, amortisation and provisions PROFIT FROM DISCONTINUED OPERATIONS

0.5 0.5

– –

NET DEBT

NOTE 40

Net debt corresponds to gross debt (bond debt, other current and non-current financial liabilities and derivatives recorded under current and non-current liabilities) less cash and cash equivalents and derivatives recorded under current and non-current assets. Net debt breaks down as follows:

Maturity schedule

Portion due beyond 1 year

At 31/12/2015

2016

2017 26.4

2018

2019

2020 >5 years

In millions of euros

Bond debt

26.4

–

– –

– –

– – – – – – – – – – –

– –

26.4

Bank borrowings

0.5

0.5

–

–

Other borrowings, derivatives and finance lease liabilities ( * )

7.9 0.4

1.3 0.4 2.2

2.2

0.1

0.1

4.2

6.6

Bank overdrafts GROSS DEBT

–

–

–

–

35.2 99% 36.2 197.6

28.6

0.1

0.1

4.2 12%

33.0

Breakdown by due date (%)

6%

81%

– – – –

– – – –

94%

Cash

36.2

– – –

– – –

– – –

Cash equivalents

197.6

Derivatives

0.2

0.2

Cash, cash equivalents and derivatives recorded under assets

234.0

234.0

–

–

–

–

–

NET DEBT

(198.8)

(231.6)

28.6

0.1

0.1

4.2

33.0

(*) The Group has valued the option component of the Ornane bonds (i.e. the derivative component) at €2.1 million, repayable in 2017.

126

ASSYSTEM

FINANCIAL REPORT 2015