Assystem - 2015 Registration Document

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FINANCIAL STATEMENTS

STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS

6.2 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS

This is a free translation into English of the statutory auditors’ report on the consolidated financial statements issued in the French language and is provided solely for the convenience of English speaking users. The statutory auditors’ report includes information specifically required by French law in such reports, whether modified or not. This information is presented below the opinion on the consolidated financial statements and includes explanatory paragraphs discussing the auditors’ assessments of certain significant accounting and auditing matters. These assessments were made for the purpose of issuing an audit opinion on the consolidated financial statements taken as a whole and not to provide separate assurance on individual account captions or on information taken outside of the consolidated financial statements. This report also includes information relating to the specific verification of information given in the management report. This report should be read in conjunction with, and is construed in accordance with, French law and professional auditing standards applicable in France. Year ended 31 December 2015 To the shareholders, In accordance with the tasks assigned to us by the General Meeting, we hereby present our report for the year ended 31 December 2015 on: ● the specific verifications required by law. The consolidated financial statements were approved by the Board of Directors. Our responsibility is to express an opinion on these financial statements based on our audit. I. Opinion on the consolidated financial statements We conducted our audit in accordance with the professional standards applicable in France. These standards require us to perform procedures to obtain reasonable assurance that the consolidated financial statements are free of material misstatement. An audit consists of examining, by sampling or using other selection methods, the evidence supporting the amounts and data contained in these consolidated financial statements. It also involves an assessment of the accounting principles and significant estimates used and an evaluation of the overall presentation of the financial statements. We believe that our audit provides a sufficient and reasonable basis for our opinion. We certify that in respect of the IFRS adopted by the European Union, the consolidated financial statements for the financial year are appropriate, accurate and give a true and fair view of the net assets, financial situation and results of all persons and entities within the scope of consolidation. Without qualifying our opinion expressed above, we draw your attention to Note 3 – “Basis of preparation and summary of significant accounting policies“ and Note 27 – “Segment reporting to the consolidated financial statements“ which outline the effects of the first-time adoption of IFRIC 21 “Levies”, the changes in presentation applied to the income statement, and evolution in operating segments. II. Justification of assessments Pursuant to Article L. 823-9 of the French Commercial Code governing the justification of our assessments, we draw the following matters to your attention: ● The Group performs goodwill impairment tests at least annually using the methods and procedures set out in Note 3 – “Basis of preparation and summary of significant accounting policies to the consolidated financial statements“, in the section “Business combinations” and in Note 8 – “Goodwill“ to the consolidated financial statements. We examined the methods and procedures used for implementing the impairment test as well as the assumptions and calculations made, and verified that the Notes 3 and 8 to the consolidated financial statements disclose the appropriate information; ● Note 20 – “Provisions and contingent liabilities“ to the consolidated financial statements describes the nature of the main disputes that the Company is exposed to and the methods and procedures used by the Company to estimate the amount of the relevant provisions. Our work consisted in evaluating the data used and assumptions made, reviewing the calculations carried out by the Company, examining the procedures used by Management for adopting these estimates, and verifying that Note 20 makes the required disclosure. As Note 4 – “Main sources of estimation uncertainty to the consolidated financial statements mentions“, the estimates, assumptions and judgement applied are based on the information available or circumstances existing on the date when the financial statements were approved and may not reflect actual future events. The assessments we made are part of our audit of the consolidated financial statements as a whole and have therefore contributed to our opinion expressed in the first part of this report. ● the audit of the consolidated financial statements of Assystem, as enclosed in the present report; ● the justification of our assessments; and

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ASSYSTEM

FINANCIAL REPORT 2015