ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS

RELATED-PARTY INFORMATION

2017

In millions of euros

Revenue

1.1

Other operating income and expenses

(1.9)

Financial income

1.6 5.7 2.4

Trade receivables and other current assets Trade payables and other current liabilities

Assystem Technologies Groupe shares and convertible bonds

63.6

The Group had issued €6.5 million in guarantees on behalf of subsidiaries that were sold as part of the transfer of control of GPS. Assystem Technologies (a subsidiary of Assystem Technologies Groupe) has counter-guaranteed these commitments in the same amount.

6.5

Non-current financial assets

In accordance with IAS 32 and 39, financial assets are measured according to the asset category to which they belong. Regular purchases and sales of financial assets are recognised on the trade date, corresponding to the date on which the Group commits to purchase or sell the asset. Financial assets are initially recognised at fair value plus, in the case of financial assets not measured at fair value through profit or loss, transaction costs. The Group’s derivative instruments are described in Note 8.3 – Derivative instruments.

AVAILABLE-FOR-SALE (AFS) FINANCIAL ASSETS This category includes shares in non-consolidated companies. They are measured at fair value and any gains or losses arising from changes in fair value – other than impairment losses – are recognised in other comprehensive income until the asset is derecognised. Impairment losses are recognised in the income statement. For listed shares, fair value corresponds to the market price. Shares whose fair value cannot be measured reliably are recognised at historical cost. At each reporting date, the fair value of AFS financial assets is calculated. An impairment loss is recognised in the income statement if there is an objective indication that the asset is impaired, such as a significant or prolonged decline in value. Impairment losses recognised against AFS financial assets may only be reversed when the assets are derecognised. OTHER NON-CURRENT FINANCIAL ASSETS The Group’s other non-current financial assets include loans and receivables, which are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They typically arise when an entity provides money, goods or services directly to a debtor with no intention of trading the receivable. They are included in current assets, except for their long-term portion. They are initially recognised at fair value and subsequently measured at amortised cost. An impairment loss is recognised for any difference between the recoverable amount of the asset (the present value of estimated future cash flows discounted at the financial asset’s original effective interest rate) and its amortised cost at the reporting date. These impairment losses are recognised in the income statement and can be reversed in a subsequent period in the event of a favourable change in circumstances.

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ASSYSTEM

REGISTRATION DOCUMENT 2017