Assystem - 2015 Registration Document

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

BUSINESS COMBINATIONS

NOTE 7

2015

RADICON GULF CONSULT (RADICON) Radicon – which is based in Al Kobar and Riyadh in Saudi Arabia and employs 400 people – contributed €30.1 million to the Group’s revenue and €2.8 million to consolidated profit in 2015. The fair values of the net assets acquired in this business combination are shown in the table below.

Adjustments within the IFRS measurement period

Fair value of net assets acquired

Carrying amount of net assets acquired

In millions of euros

Intangible assets

–

–

– – – – – – – – – – – – – – – – – – – – –

Property, plant and equipment Available-for-sale financial assets

0.1 1.0

0.1 1.0

Other non-current assets Deferred tax assets Trade receivables Other receivables Income tax receivable Other current assets Cash and cash equivalents

–

–

1.0

1.0

11.2

11.2

1.9

1.9

–

–

0.3 2.4

0.3 2.4

Total assets Provisions

17.9

17.9

1.3

1.3

Employee benefit obligations

–

–

Financial liabilities Trade payables

16.1

16.1

2.8 2.8 0.4

2.8 2.8 0.4

Other liabilities

Income tax liabilities

Total liabilities NET ASSETS

23.4 (5.5) (1.4) (4.1)

23.4 (5.5) (1.4) (4.1)

Non-controlling interest

NET ASSETS ACQUIRED

Goodwill related to the acquisition, as determined using the partial goodwill method, breaks down as follows:

Final allocation of the purchase price

In millions of euros

Portion of the purchase price paid in cash and cash equivalents

(17.9) (17.9)

TOTAL PURCHASE PRICE Fair value of net assets acquired

(4.1)

GOODWILL

(22.0)

The non-controlling interest in Radicon was measured based on the proportionate share of the acquiree’s net assets still held by the minority shareholder.

96

ASSYSTEM

FINANCIAL REPORT 2015