ASSYSTEM_Registration_Document_2017
6
FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
6.3
Investment property
IAS 40 defines investment property as property held to earn rentals or for capital appreciation or both, rather than for use in the production or supply of goods or services or for administrative purposes. Investment property is measured at fair value and any gains or losses arising from changes in fair value are recognised directly in the income statement.
The building recognised under “Investment property” at 31 December 2017 corresponds to a fully-owned property located in Equeurdreville, France, which is measured at fair value. It was valued in February 2014 by an independent valuer who has no legal ties with the Group. In compliance with IFRS, the valuation method used was based on analysing recent transactions involving similar assets in the same market, as well as a return-based approach. Major market trends were also taken into consideration. At 31 December 2017, the value of this investment property was €1.4 million. There have been no significant changes in the substance of the lease contract on the property since the last valuation was performed. Assystem Technologies Groupe shares and convertible bonds As stated in Note 2– Significant events of the year, Assystem’s interest in the equity instruments and quasi-equity of Assystem Technologies Groupe (ATG) is recognised in the consolidated statement of financial position under “Assystem Technologies Groupe shares and convertible bonds”. 6.4
2017
In millions of euros
At 1 January ATG shares acquired*
62.4 62.1
Convertible bonds acquired
Share of profit
2.3 1.5
Income from convertible bonds
At 31 December
128.3
Portion related to shares accounted for by the equity method
64.7 63.6
Portion related to convertible bonds
* Purchase price of the shares including transaction costs
KEY FIGURES CONCERNING ASSYSTEM TECHNOLOGIES GROUPE
2017
In millions of euros
Revenue
178.9
Profit for the period
5.9
Other comprehensive income (expense) Total comprehensive income
(0.3) 5.6
Non-current assets
555.6 308.4 (452.2) (258.6) 153.2
Current assets
Non-current liabilities
Current liabilities
Net assets
In accordance with IFRS 3R, Assystem Technologies Groupe will complete the purchase price allocation process during the twelve-month measurement period.
120
ASSYSTEM
REGISTRATION DOCUMENT 2017
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