ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS

SIGNIFICANT EVENTS OF THE YEAR

NOTE 2

convertible bonds maturing in 2027 and paying capitalisable interest at a rate of 9% per annum. Assystem’s interest in ATG’s equity and quasi-equity is recognised in the consolidated statement of financial position under “Assystem Technologies Groupe shares and convertible bonds”. The Company’s investment in ATG’s capital is accounted for by the equity method and its portion of ATG’s profit from 1 October to 31 December 2017 – which was recognised in the consolidated income statement under “Share of profit of Assystem Technologies Groupe” – amounted to €2.3 million. Income from ATG’s convertible bonds – recognised under “Income from Assystem Technologies Groupe convertible bonds” – totalled €1.5 million for the same period. The net cash proceeds recognised for 2017 on the transfer of control of GPS’s business came to €443.1 million, taking into account the sale price, the amount reinvested in ATG, GPS’s cash transferred on its deconsolidation, the repayment of intra-group receivables due to Assystem by GPS and the tax and other costs of the transaction.

The following significant events took place in 2017:

Transfer of control of the Global Production Solutions (GPS) business to the private equity firm Ardian On 28 September 2017, Assystem sold its GPS business to an entity controlled by an investment fund managed by the private equity firm, Ardian, for €550 million. The net disposal gain recognised in the consolidated financial statements (after taking into account transaction costs and the tax effect) totalled €375.4 million. The Group reinvested €124.28 million in the company that acquired GPS (Assystem Technologies Groupe – ATG), representing a 39.23% stake in ATG’s capital and a 39.24% interest in the total equity and quasi-equity raised by ATG to help finance the acquisition. This reinvestment took the form of €62.14 million worth of ordinary shares (excluding €0.3 million in transaction costs) and €62.14 million in

The disclosures required under IFRS 5 are presented below; NET ASSETS SOLD

2017

In millions of euros

Goodwill

124.7

Intangible assets

2.9

Property, plant and equipment Other non-current financial assets

13.7

9.9 5.8

Deferred tax assets Non-current assets Trade receivables Other receivables

157.0 201.5

33.2

Income tax receivables Cash and cash equivalents

2.8

6

20.5 258.0 415.0

Current assets Total assets

Pension and other employee benefit obligations

15.4

Long-term provisions

0.6 6.5

Other non-current liabilities

Non-current liabilities

22.5

Short-term debt and other current financial liabilities

8.6

Net receivables due to Assystem SA under intra-group current accounts

36.5

Short-term provisions

2.4

Trade payables

43.9

Other current liabilities Income tax liabilities Current liabilities Total liabilities Net assets sold

138.7

5.6

235.7 258.2 156.8

101

ASSYSTEM

REGISTRATION DOCUMENT 2017