Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

GENERAL INFORMATION

NOTE 1

Assystem’s Board of Directors on 9 March 2016. However, these financial statements will only be considered definitive after approval by the Company’s shareholders at the Annual General Meeting scheduled to be held on 24 May 2016. The consolidated financial statements reflect the accounting position of Assystem and its subsidiaries. They are presented in millions of euros, rounded to the nearest hundred thousand.

The Assystem Group (hereinafter also referred to as the “Group”) is an international leader in the field of engineering. The Group’s parent company is Assystem (hereinafter also referred to as the “Company”) – a French public limited company ( société anonyme ) whose registered office is located at 70, boulevard de Courcelles, 75017 Paris, France. The consolidated financial statements for the year ended 31 December 2015, as well as the accompanying notes, were approved by

SIGNIFICANT EVENTS OF THE YEAR

NOTE 2

The following significant event took place in 2015:

and services in Saudi Arabia – for €17.9 million. In connection with this acquisition, the Group granted Radicon a shareholder’s loan of €11.9 million, taking over an existing shareholder’s loan granted by the seller. Ali K. Al-Harbi – Radicon’s founder – still holds a 25% interest in Radicon and is still the creditor of a €4.2 million shareholder’s loan. The disclosures relating to this acquisition that are required under IFRS 3R are set out in Note 7 below – Business combinations.

Acquisition of Radicon Gulf Consult (Radicon) On 15 January 2015, the Group completed the acquisition of 75% of the share capital of the Saudi engineering company Radicon Gulf Consult (Radicon) – a leading company in the field of design, engineering

BASIS OF PREPARATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3

Basis of preparation In accordance with Regulation 1606/2002/EC of the European Parliament and Council dated 19 July 2002, the consolidated financial statements of the Assystem Group for the year ended 31 December 2015 have been prepared in accordance with International Financial Reporting Standards (IFRSs) and related interpretations as adopted by the European Union at that date. These financial statements present two years of data. IFRSs as adopted by the European Union differ in certain respects from IFRSs as issued by the IASB. The Group nevertheless ensured that the financial information for the reported periods would not have been substantially different had it applied IFRSs as issued by the IASB.

was IFRIC 21, “Levies”. IFRIC 21 provides guidance on when to recognise a liability to pay a levy imposed by a government that is accounted for in accordance with IAS 37, “Provisions, Contingent Liabilities and Contingent Assets”. It notably clarifies when such liabilities should be recognised, with recognition based on the obligating event and the obligating event defined as the activity that triggers the payment of the levy in accordance with the relevant legislation. However, IFRIC 21 does not deal with how to account for costs arising from the recognition of a liability to pay a levy. The main impact on the consolidated financial statements of applying IFRIC 21 is the effect for each interim reporting period of a change in the timing of the recognition of levies in the income statement. The principal levy concerned is the contribution sociale de solidarité des sociétés applicable in France (“C3S”). The application of IFRIC 21 therefore had no impact on the Group’s annual results or the consolidated income statement for 2014, and its impact on the consolidated statement of financial position at 31 December 2014 was not material (an increase in consolidated reserves of approximately €0.6 million after tax).

6

New standards and interpretations effective from 1 January 2015

The only new standard or interpretation which was effective from 1 January 2015 and had an impact on the Group’s financial statements

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ASSYSTEM

FINANCIAL REPORT 2015