Assystem - 2015 Registration Document

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FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

Standards and amendments issued by the IASB but not yet effective at 31 December 2015 The Group did not early adopt any of the new standards or amendments listed below which may affect it but whose application was not mandatory at 1 January 2015:

Year-on-year comparisons The presentation of the financial statements was changed at 31 December 2015. Consequently, the presentation of the 2014 financial statements has also been changed in order to enable meaningful year-on-year comparisons. The changes in presentation made to the consolidated income statement are as follows: ● Reversals of used provisions – which were previously deducted from the related recognised expense – are now recorded in a new line, “Depreciation, amortisation and provisions for recurring operating items, net”. Additions to and reversals of provisions related to current assets are also recorded in this new line.

● IFRS 15, “Revenue from Contracts with Customers”

● IFRS 9, “Financial Instruments”

● Amendments to IAS 1, “Disclosure Initiative”

● Amendments to IAS 19, “Defined Benefit Plans: Employee Contributions” ● Annual Improvements to IFRSs (2010-2012 and 2012-2014 cycles) The Group is currently assessing the impacts and practical consequences of applying the above standards and amendments.

For illustrative purposes, the expense lines that impact “Operating profit before non-recurring items (EBITA)” are shown below before and after the change in presentation.

2014 reported

In millions of euros

Payroll costs

(631.3)

Taxes other than on income Depreciation and amortisation

(1.8) (8.7) (3.0)

Net additions to provisions for contingencies and charges

Other operating income and expenses TOTAL OPERATING EXPENSES

(170.0) (814.8)

2014 restated

In millions of euros

Payroll costs

(631.9) (171.6)

Other operating income and expenses

Taxes other than on income

(1.8) (9.5)

Depreciation, amortisation and provisions for recurring operating items, net

TOTAL OPERATING EXPENSES

(814.8)

● A new sub-total called “EBITA including share of profit of equity-accounted investees” has been added, which corresponds to the aggregate of “Operating profit before non-recurring items (EBITA)” and “Share of profit of equity-accounted investees”.

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ASSYSTEM

FINANCIAL REPORT 2015