ASSYSTEM_Registration_Document_2017
6
FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
5.2
Equity-accounted investees
2017 0.9 (0.7)
2016 0.7 (1.2)
In millions of euros At 1 January
Dividends
Share of profit
0.9
1.4
Other movements At 31 December
(0.4) 0.7
-
0.9
In view of the geopolitical environment in Yemen, at 31 December 2017 the Group maintained the full write-down of its investment in the joint venture in that country. KEY FIGURES CONCERNING EQUITY-ACCOUNTED INVESTEES
Carrying amount (in millions of euros) 2017
Company Engage Alphatest Momentum
Country
% interest
% voting rights
2016
France France France France Yemen
25
25
0.2 0.5
0.2 0.6 0.1
49.84 33.33
49.84 33.33
- - -
N3A
50 50
50 50
- -
MPH Yemen Limited
2017 54.5
2016 48.8
In millions of euros
Revenue
Profit for the period
2.4 2.4 0.2
2.2 2.2 0.3
Total comprehensive income
Non-current assets
Current assets
31.9 (2.9)
24.2 (2.1)
Non-current liabilities
Current liabilities
(27.6)
(20.5)
Net assets
1.6
1.9
RELATED-PARTY INFORMATION The Group has defined four categories of related parties:
● the members of Assystem’s Board of Directors and Assystem SA’s corporate officers (see Note 5.3.3 – Share-based payments); ● HDL Development, which holds 76.86% of the Company’s exercisable voting rights and provides management services to the Group;
● joint ventures (excluding Assystem Technologies Groupe, for which information is provided in Note 6.4 – Assystem Technologies Groupe shares and convertible bonds);
● Radicon’s minority shareholder.
2017 12.9
2016
In millions of euros
Revenue
6.3 2.2 0.1 3.0
Other operating income and expenses
0.2 0.2 2.6 0.7 0.8
Financial income
Trade receivables and other current assets Trade payables and other current liabilities
0.9
Loans
0.8
25% of the overall amount (in proportion to its interest in Engage), corresponding to €2.9 million. SNC Momentum has issued €5.9 million worth of guarantees which have been counter-guaranteed by its shareholders in proportion to their interests in the company. Consequently, Assystem has guaranteed 33.33% of the overall amount (in proportion to its interest in Momentum), corresponding to €2.0 million.
The Group has recognised a financial liability for amounts owed to Radicon’s minority shareholder, which totalled €3.4 million at 31 December 2017 and €3.9 million at 31 December 2016. SNC Engage has issued €11.6 million worth of guarantees which have been counter-guaranteed by its shareholders in proportion to their interests in the company. Consequently, Assystem has guaranteed
112
ASSYSTEM
REGISTRATION DOCUMENT 2017
Made with FlippingBook flipbook maker