ASSYSTEM_Registration_Document_2017

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS

MOVEMENTS IN DEFERRED TAX ASSETS AND LIABILITIES BREAK DOWN AS FOLLOWS:

Employee benefit obligations

Unrecognised deferred tax assets

Tax loss carryforwards

Deferred tax assets (a)

Deferred tax liabilities (b)

Net deferred tax assets (a-b)

Other

In millions of euros

At 31 December 2015 Increases related to business combinations

6.0

3.3

5.1

(2.1)

12.3

(1.8)

10.5

-

0.2

0.3

(0.1)

0.4

-

0.4

Year-on-year changes recognised in the income statement Deferred taxes recognised in other comprehensive income Deferred taxes recognised in equity Decreases related to discontinued operations Year-on-year changes recognised in the income statement Deferred taxes recognised in other comprehensive income Deferred taxes recognised in equity Currency translation differences At 31 December 2016

(0.5)

7.8

(12.1)

(0.1)

(4.9)

0.4

(4.5)

0.4

-

0.4

- -

0.8 9.8

- -

0.8 9.8

-

(0.5) 10.8

10.3

5.9

4.0

(2.3)

18.4

(1.4)

17.0

(3.5)

(3.0)

(0.6)

1.1

(6.0)

0.2

(5.8)

0.3

(6.8)

(1.5)

1.0

(7.0)

-

(7.0)

0.4

- - -

(0.3)

- - - -

0.1 0.3

-

0.1 0.3

- - -

0.3

(0.1) 0.2 2.0

(0.1) (0.6) 5.1

-

(0.1)

Other

(0.8) 0.2

0.6

-

At 31 December 2017

3.1

(0.2)

(0.6)

4.5

Other deferred tax assets mainly concerned employee profit-sharing, depreciation and amortisation and derivative instruments.

6

135

ASSYSTEM

REGISTRATION DOCUMENT 2017