ASSYSTEM_Registration_Document_2017

3

MANAGEMENT REPORT

COMPENSATION OF COMPANY OFFICERS

3.3.4 PAYMENT TIMES In accordance with the provisions of the French Commercial Code and the Governmental Order dated 20 March 2017, the tables below provide a breakdown of the payment times for trade payables and receivables, showing invoices received and issued but not settled at the reporting date and which are past due. Trade payables: Article D.441.1-1°, Invoices received but not settled at the reporting date and which are past due.

1-30 days

31-60 days

61-90 days Beyond 91 days

Total

In thousands of euros

Number of invoices concerned

13 75

5 2

5

29 51

52

Total amount (incl. VAT) of invoices concerned % of total amount of purchases for the year (excl. VAT)

(12)

116 0.5%

0.3%

0.0%

(0.1%)

0.2%

Trade receivables: Article D.441.1-2°, Invoices issued but not settled at the reporting date and which are past due.

1-30 days

31-60 days

61-90 days Beyond 91 days

Total

In thousands of euros

Number of invoices concerned

31

16

0

44

91

Total amount (incl. VAT) of invoices concerned % of total amount of revenue for the year (excl. VAT)

270 2.2%

8

0.0

186 1.8%

464 4.2%

0.1%

0.0%

The payment times used to calculate late payment interest correspond to the legally applicable periods. No invoices related to disputed or unrecognised payables or receivables have been excluded from the above tables.

3.3.5 NON-TAX-DEDUCTIBLE EXPENSES

The aggregate amount of non-tax-deductible expenses as referred to in Article 39-4 of the French Tax Code amounted to €26,209 for 2017, generating income tax of €9,024 (disclosure made in application of Articles 223 quater and quinquies of said Code).

3.4 COMPENSATION OF COMPANY OFFICERS

See Chapter 2 of this Registration Document.

3.5 INFORMATION CONCERNING ADMINISTRATIVE BODIES

See Chapter 2 of this Registration Document.

3.6 INFORMATION ABOUT THE COMPANY'S CAPITAL

Chapter 7 of this Registration Document contains all information concerning changes in the Company’s capital, the crossing of disclosure thresholds, transactions in the Company’s securities carried out by executives, a summary table of financial authorisations granted by shareholders and currently in force, elements likely to have an impact in the event of a takeover bid, dividends and the share buyback programme.

44

ASSYSTEM

REGISTRATION DOCUMENT 2017