Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

PARENT COMPANY FINANCIAL STATEMENTS

OFF-BALANCE SHEET COMMITMENTS

NOTE 14

Guarantees In thousands of euros Commitments given

Amount

Sureties and guarantees Commitments received

6,662 Amount

Unused revolving credit facility

120,000

Reciprocal commitments

In thousands of euros

Payments due by period

Due within one year

Due in one to five years

Due beyond five years

Bonds

Total

Operating leases • vehicles

87

52

36

– – –

• premises

1,290 1,377

430 482

–

TOTAL

36

Derivative financial instruments The Company uses currency hedges (mainly in the form of forward sales or purchases) in order to safeguard its operating margins on major contracts denominated in foreign currency. It also uses currency swaps to hedge significant intra-Group financing in foreign currency. The fair value of all of the Company’s hedges in place at 31 December 2015 amounted to €239 thousand.

Disclosure relating to acquisitions On 17 November 2015, Assystem SA acquired 40% of the shares in Plast Concept for €2,498 thousand. The Company has undertaken to purchase the remaining 60% interest by 30 April 2017 based on a price of €3 million, which will be adjusted depending on Plast Concept’s net cash position at the acquisition date.

REVENUE

NOTE 15

Revenue comprises income received for administrative, management and specialist services, which are mainly provided to Assystem Group subsidiaries.

It would not be relevant to provide a breakdown of revenue by business segment or by geographical region.

EXECUTIVE REMUNERATION

NOTE 16

Assystem SA’s executives do not have employment contracts and instead receive remuneration in their capacity as corporate officers.

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ASSYSTEM

FINANCIAL REPORT 2015