ASSYSTEM_Registration_Document_2017

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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

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ASSYSTEM

REGISTRATION DOCUMENT 2017