Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

6.1.4

CONSOLIDATED STATEMENT OF CASH FLOWS

Notes

2015

2014

In millions of euros

Cash flows from operating activities EBITA including share of profit of equity-accounted investees

57.8 10.3 68.1

52.0

Depreciation, amortisation and provisions for recurring operating items, net

9.5

EBITDA

61.5 (2.0) (5.3)

Change in operating working capital requirement, of which: Change in operating working capital requirement – Trade receivables Change in operating working capital requirement – Trade payables

6.0 0.5 5.0 0.5

7.7

Change in operating working capital requirement – Other

(4.4)

Income tax paid Other movements

(9.5)

(12.6) (6.9) 40.0

(12.3) 52.3

NET CASH GENERATED FROM OPERATING ACTIVITIES

Cash flows from investing activities Acquisitions of property, plant and equipment and intangible assets, net of disposals, of which:

(7.5) (7.7)

(8.3) (8.3)

Acquisitions of property, plant and equipment and intangible assets Proceeds from disposals of property, plant and equipment and intangible assets Acquisitions of shares in consolidated companies, net of sales, of which:

9 9

0.2

–

(34.0) (34.8)

(1.9) (1.9)

Acquisitions of shares in consolidated companies Proceeds from sales of shares in consolidated companies

7

0.8

–

Loans granted by the Group to non-consolidated companies Loans repaid to the Group by non-consolidated companies NET CASH USED IN INVESTING ACTIVITIES

13 13

(0.1)

–

0.1

0.2

(41.4)

(10.1)

Cash flows from financing activities Net financial income received (expenses paid)

32 19 36

3.9

(1.6)

Repayments of borrowings and movements in other financial liabilities

(1.7)

(115.5)

Dividends paid to owners of the parent

(16.2)

(10.0)

Other movements in equity of the parent company

(6.3)

57.9

Issue of equity instruments ( * )

–

158.4

Coupon paid on equity instruments ( * )

(7.2)

–

NET CASH GENERATED FROM (USED IN) FINANCING ACTIVITIES

(27.5) (16.6) 250.5

89.2 119.1 131.2

Net increase (decrease) in cash and cash equivalents Net cash and cash equivalents at beginning of year Effect of non-monetary items and changes in exchange rates Net increase (decrease) in cash and cash equivalents

15 39

(0.5)

0.2

(16.6) 233.4

119.1 250.5

Net cash and cash equivalents at year-end

15 and 19

(*) Odirnane bonds.

The accompanying notes form an integral part of the consolidated financial statements.

76

ASSYSTEM

FINANCIAL REPORT 2015