Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

PARENT COMPANY FINANCIAL STATEMENTS

PROVISIONS

NOTE 5

Amount at beginning of year

Amount at year-end

Increases

Decreases

In thousands of euros

Provisions for foreign exchange losses

13

902 934

13

902

2,320 2,333

2,215 2,228

1,039 1,941

Other provisions for contingencies and charges (1)

TOTAL PROVISIONS FOR CONTINGENCIES AND CHARGES

1,836

Provisions for impairment in value of intangible assets

28

– –

– –

28

Provisions for impairment in value of property, plant and equipment

188

188

55,774 1,139 57,129

4,679

40,369

20,084 1,891 22,191

Provisions for shares in subsidiaries and affiliates (2)

752

Provisions for loans (3)

Sub-total: Provisions for fixed assets

5,431

40,369

Provisions for impairment in value of trade receivables

199

– – – –

–

199 405 391 995

3,091

2,686

Provisions for impairment in value of current accounts of subsidiaries (4)

391

–

Provisions for impairment in value of sundry debtors (5)

Sub-total: Provisions for current assets

3,681

2,686

TOTAL PROVISIONS FOR IMPAIRMENT IN VALUE

60,810 63,143

5,431 7,267

43,055 45,283

23,186

TOTAL PROVISIONS 25,127 (1) Other provisions for contingencies and charges at 31 December 2015 consisted of (i) a €554 thousand provision recorded to cover the probable costs that the Company will incur in respect of the current free share award plans, and (ii) provisions for risks relating to subsidiaries, concerning Assystem Shanghai, Assystem Australia and Assystem Italy and amounting to €357 thousand, €55 thousand and €73 thousand respectively. (2) The shares in the following subsidiaries were written down by the following amounts in 2015:

• Assystem Iberia: €2,562 thousand; • Assystem Canada: €1,591 thousand; • Assystem International: €413 thousand. Reversals of provisions for shares in subsidiaries and affiliates related to the following companies:

• Assystem France (€37 million). This provision was originally recognised in 2009 following the partial asset transfer carried out by Assystem France to one of its sister companies, Assystem Engineering and Operation Services. It was reversed in 2015 because the current outlook for Assystem France is such that the discounted future cash flows are now estimated to represent more than the gross carrying amount of the shares in this subsidiary recorded in Assystem SA’s balance sheet. • Assystem Innovation (€3,358 thousand), following the sale of the shares concerned. • Assystem Polska (€11 thousand), following this company’s liquidation. (3) The loan granted to a Canadian subsidiary has been written down in full. During 2015, the loan granted to Assystem US was written down by €752 thousand. (4) Following a debt waiver granted to Assystem Solutions DMCC, Assystem SA reversed the entire amount of the €2,437 thousand provision previously recognised in relation to this subsidiary’s current account. In addition, a €248 thousand provision reversal was recorded under this item following the liquidation of Assystem Polska. (5) This provision concerns dividends not received from a Moroccan subsidiary.

138

ASSYSTEM

FINANCIAL REPORT 2015