ASSYSTEM_Registration_Document_2017

6

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

6.1.4

CONSOLIDATED STATEMENT OF CASH FLOWS

Notes

2017

2016

In millions of euros

Cash flows from operating activities EBITA including share of profit of equity-accounted investees

62.6

66.9

Depreciation, amortisation and provisions for recurring operating items, net

5.5

7.1

8.8

EBITDA

69.7

75.7 (3.4)

Change in operating working capital requirement

5.1

(33.2) (14.0)

Income tax paid Other movements

(12.8)

(4.6) 17.9 23.2 (5.3)

(5.8) 53.7 18.8 34.9

Net cash generated from operating activities O/w related to continuing operations O/w related to discontinued operations

Cash flows from investing activities Acquisitions of property, plant and equipment and intangible assets, net of disposals, of which: Acquisitions of property, plant and equipment and intangible assets Proceeds from disposals of property, plant and equipment and intangible assets

(10.3) (11.0)

(8.4) (8.9)

6.6 6.6

0.7 7.6

0.5

Free cash flow

45.3 17.3 28.0

O/w related to continuing operations O/w related to discontinued operations

20.8

(13.2)

Acquisitions of shares in companies

3.2

(161.7) 444.7

(26.6)

Proceeds from sales of shares in companies, net of the reinvestment in Assystem Technologies Groupe

0.2

Net cash from/(used in) investing activities O/w related to continuing operations O/w related to discontinued operations Cash flows from financing activities Net financial income received (expenses paid)

272.7

(34.8) (15.5) (19.3)

(141.8) 414.5

(3.6)

(1.5) 80.0

Proceeds from new borrowings

8.2 8.2 7.4

102.9 (200.2)

Repayments of borrowings and movements in other financial liabilities

(32.3) (17.9)

Dividends paid

(22.9)

Buybacks of equity instruments Coupon paid on equity instruments

(176.9)

(7.2) (9.8)

Other movements in equity of the parent company

(225.1) (348.9) (58.3)

Net cash used in financing activities

(165.6) (146.7)

Net decrease in cash and cash equivalents

Net cash and cash equivalents at beginning of year Effect of non-monetary items and changes in exchange rates

8.1

84.4

233.4

1.2

(2.3)

Net decrease in cash and cash equivalents

(58.3) 27.3

(146.7)

Net cash and cash equivalents at year-end

8.1

84.4

The accompanying notes form an integral part of the consolidated financial statements.

96

ASSYSTEM

REGISTRATION DOCUMENT 2017