Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

STATUTORY AUDITORS’ REPORT ON THE ANNUAL FINANCIAL STATEMENTS

6.4 STATUTORY AUDITORS’ REPORT ON THE ANNUAL FINANCIAL STATEMENTS

This is a free translation into English of the statutory auditors’ report issued in French 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 financial statements and includes an explanatory paragraph discussing the auditors’ assessments of certain significant accounting and auditing matters. These assessments were considered for the purpose of issuing an audit opinion on the financial statements taken as a whole and not to provide separate assurance on individual account captions or on information taken outside of the financial statements. This report also includes information relating to the specific verification of information given in the management report and in the documents addressed to shareholders. This report should be read in conjunction with, and 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 audit of the accompanying annual financial statements of the company Assystem; ● the justification of our assessments; and ● the specific verifications and disclosures required by law. The annual 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 annual 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 annual 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 disclosures given in these annual 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. In our opinion, the annual financial statements are appropriate, accurate and give a true and fair view of the income from the Company’s operations in the period elapsed as well as its financial position and net assets at the end of this period in accordance with French accounting principles and standards. II. Justification of assessments Pursuant to Article L. 823-9 of the Commercial Code governing the justification of our assessments, we draw the following matters to your attention: Regarding the valuation and impairment of shares in subsidiaries and affiliates, of which the principles are described in Note 2 – “Basis of preparation and summary of significant accounting policies“ to the financial statements (“shares in subsidiaries and affiliates”), in assessing the accounting rules and principles used by your Company, we reviewed the methods for implementing the impairment tests and assumptions made, and verified that Note 2 discloses the appropriate information. The assessments we made are part of our audit of the annual fi nancial statements as a whole and have therefore contributed to our opinion expressed in the first part of this report. III. Specific verifications and disclosures In accordance with professional standards of practice applicable in France, we also performed the specific verifications required by law. We have no qualification to make regarding the accuracy or consistency with the annual financial statements of the disclosures made in the Board of Directors’ management report or in the documents addressed to the shareholders with regard to the financial position and annual financial statements. Regarding the disclosures made pursuant to Article L. 225-102-1 of the French Commercial Code on the compensation and benefits paid to executive directors and the commitments granted in their favour, we verified their consistency with the financial statements or with the data used for preparing these financial statements and, where appropriate, with the information gathered by your Company from the companies controlling your Company or controlled by it. On the basis of our audit, we certify that this information is accurate and fairly presented. In accordance with the law, we obtained reasonable assurance that the management report contains the appropriate disclosures as to the acquisition of investments and controlling interests and the identity of the shareholders. Paris-La Défense and Neuilly-sur-Seine, 11 April 2016 Statutory Auditors KPMG Audit Division of KPMG SA Éric ROPERT Partner Deloitte & Associés Albert AÏDAN Partner

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ASSYSTEM

FINANCIAL REPORT 2015