Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

PARENT COMPANY FINANCIAL STATEMENTS

NOTES TO THE BALANCE SHEET AND INCOME STATEMENT

NOTE 3

3.1 Change in the gross value of fixed assets

Gross value at beginning of year

Increase in gross value

Decrease in gross value

Gross value at year-end

In thousands of euros

Intangible assets

658

93 37

8

743

Property, plant and equipment

4,622

236

4,423

Long-term investments

351,291 356,571

60,371 60,501

17,773 18,017

393,889 399,055

TOTAL

At 31 December 2015, intangible assets broke down as €697 thousand in software, €15 thousand corresponding to a fully-amortised patent, €28 thousand in goodwill (which has been written down in full), and €3 thousand in assets in progress. Of the €93 thousand year-on-year increase in intangible assets, €87 thousand related to the purchase of new software. Property, plant and equipment broke down as €3,465 thousand in buildings, fixtures and fittings, €690 thousand in office furniture and equipment, €261 thousand in works of art, and €7 thousand in assets under construction. Year-on-year changes in long-term investments mostly relate to the purchases of shares in subsidiaries and affiliates referred to in Note 1 above, as well as new loans granted to subsidiaries and the treasury share transactions described in section 3.2 below.

3.2 Long-term investments The year-on-year change in long-term investments was as follows:

Gross value at beginning of year

Increase in gross value

Decrease in gross value

Gross value at year-end

In thousands of euros

Shares in subsidiaries and affiliates (1) Loans to subsidiaries and affiliates (2)

331,024 13,657

10,046 35,341

6,506 1,991

334,564 47,007

Deposits and guarantees

12

–

3

9

Treasury shares

6,598

14,984 60,371

9,273

12,309

TOTAL

351,291

17,773

393,889

(1) The year-on-year increase in “Shares in subsidiaries and affiliates” was due to: • the purchase of a 19.25% interest in MPH Global Services (€5,750 thousand); • the acquisition of 40% of Plast Concept (€2,498 thousand); • the subscription in cash of shares issued by Assystem International (€700 thousand); • the acquisitions of the following companies from Group subsidiaries: SCI du Pont Noir (€1,065 thousand) and Assystem Avenir (€33 thousand). The year-on-year decrease relates to:

6

• the derecognition from long-term investments of Assystem Innovation shares (representing a historic amount of €6,457 thousand), following the sale of these shares to Assystem France; • the liquidation of (i) the Anthélys entities (whose shares represented a gross value of €40 thousand) and (ii) Assystem Polska (whose shares represented a gross value of €11 thousand). (2) The following loans were granted to Group subsidiaries during 2015: • €30,640 thousand loan to Assystem UK in connection with the acquisition of Radicon Gulf Consult in January 2015; • a €596 thousand loan to Assystem UK Abu Dhabi (a branch of Assystem UK based in Abu Dhabi); • a €548 thousand loan to Assystem US. The total amount of loan repayments during the year 2015 came to €816 thousand. The amounts shown above were translated into euros using the exchange rates prevailing on the inception dates of the loans. The impact of translating these loans using year-end exchange rates corresponded to an aggregate €2,382 thousand.

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ASSYSTEM

FINANCIAL REPORT 2015