Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

average number of ordinary shares outstanding by assuming conversion into ordinary shares of all dilutive instruments outstanding. Treasury shares deducted from consolidated equity are not taken into account in the calculation of basic or diluted earnings per share. The Group’s dilutive instruments are as follows: ● Ornane bonds (the issuer can choose to settle the debt component and the embedded derivative either in cash or in new and/or existing shares); ● Odirnane bonds (the issuer can choose to settle the equity instrument either in cash or in new and/or existing shares); free shares. Dilutive instruments are only taken into account if their dilutive impact reduces earnings per share or increases loss per share. In accordance with IAS 33, if diluted earnings per share is higher than basic earnings per share it is considered to be non-representative and is reduced to the same amount as basic earnings per share. Assets held for sale and discontinued operations A non-current asset (or disposal group) is classified as held for sale if its carrying amount will be recovered principally through a sale transaction ●

rather than through continuing use. This is considered to be the case when (i) the asset (or disposal group) is available for immediate sale in its present condition; and (ii) its sale is highly probable. When such an asset or disposal group represents a material amount it is presented separately from other assets or groups of assets. Assets classified as held for sale are measured at the lower of carrying amount and fair value less costs to sell. A discontinued operation is defined as a significant component of an entity (with a “component of an entity” comprising operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity) that has either been disposed of, or is classified as held for sale and which: ● represents a separate major line of business or geographical area of operations; ● is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations; or ● is a subsidiary acquired exclusively with a view to resale. Income statement and cash flow items of discontinued operations are presented separately for all of the periods disclosed in these financial statements when they represent material amounts.

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ASSYSTEM

FINANCIAL REPORT 2015