Assystem - 2015 Registration Document

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

The cash inflows and outflows relating to the acquisition of Radicon break down as follows:

In millions of euros Cash and cash equivalents

2.4

Bank overdrafts

–

Net cash acquired

2.4

Purchase price of Radicon’s shares

(17.9) (11.9) (27.4)

Shareholder’s loan granted NET CASH OUTFLOW

In accordance with IFRS 3R, the Group completed the initial accounting for the acquisition within one year of the date it acquired control of Radicon, i.e. by 15 January 2016. No other significant business combinations took place in 2015. Cash flows related to acquisitions of shares in consolidated companies were as follows in 2015 and 2014:

2015

2014

In millions of euros

Acquisition of Sud Aviation shares Acquisition of Radicon shares Acquisition of Plast Concept shares

(0.4)

(1.9)

(27.4)

– – – –

(1.1) (5.8) (0.1)

Payment on exercise of the put on non-controlling interests in MPH Global Services

Acquisition of available-for-sale financial assets

ACQUISITIONS OF SHARES IN CONSOLIDATED COMPANIES

(34.8)

(1.9)

2014 No significant business combinations took place in 2014.

GOODWILL

NOTE 8

6

2015

2014

In millions of euros

Beginning of year

124.5 26.2 (7.0) 147.2 173.2 (26.0) 3.5

119.8

Effect of changes in scope of consolidation

4.3

Impairment losses

–

Currency translation differences

0.4

Year-end

124.5 141.9 (17.4)

Gross value at year-end

Accumulated impairment losses at year-end

infrastructure and engineering);·Staffing (worldwide assignment of consultants specialised in Oil & Gas and other industrial sectors). These three segments correspond to the three cash-generating units (CGUs) that are now used by the Group and which comply with the IFRS definition of CGUs. The Group tests goodwill for impairment once a year or whenever there is an objective indication that it may be impaired.

The effect of changes in scope of consolidation in 2015 corresponds to the goodwill generated on the following acquisitions: ● Plast concept (deemed to be a non-material business combination at Group level);

● Radicon (see Note 7 – Business combinations).

The Group’s three operating segments are now as follows: Global Product Solutions (outsourced R&D); Energy & Infrastructure (complex

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ASSYSTEM

FINANCIAL REPORT 2015