Assystem - Registration Document 2016

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

ACTUARIAL ASSUMPTIONS

In %

2016

2015

France

Discount rate

1.5%

2.5%

Projected rate of salary increases

1.5%

2.5%

Germany

Discount rate

1.5%

2.5%

Projected rate of salary increases

2.0%

DEFINED CONTRIBUTION PLANS

In millions of euros

2016

2015

Amount expensed for defined contribution plans

23.8

22.3

SENSITIVITY ANALYSIS

The liability recognised for statutory retirement bonuses payable in accordance with the Syntec collective bargaining agreement is calculated

based on actuarial assumptions relating to the following: mortality rate, staff turnover, future salaries, discount rate and expected return on plan

assets. Changes in these assumptions can impact the liability to a greater or lesser extent.

The Group has chosen to present a sensitivity analysis for the discount rate applicable for France, since any change in this assumption could

significantly affect equity (net of tax):

1% decrease

0.5% decrease

0.5% increase

1% increase

Impact on equity (in millions of euros)

(2.2)

(1.0)

0.9

1.7

Impact on equity (%)

(0.9)%

(0.4)%

0.4%

0.7%

Impact on the net liability (%)

8.3%

3.8%

(3.4)%

(6.4)%

In accordance with IFRS 2, “Share-based Payment”, when the Group receives services from employees as consideration for share-

based payments the fair value of the employee services received in exchange for the grant of the share-based payments is recognised

as an expense.

The total amount to be expensed is determined by reference to the fair value of the benefits granted to the employees concerned under

stock option plans or free share/performance share plans.

The expense is recognised on a straight-line basis over the vesting period. For stock options, the fair value of the options is determined

using the Black & Scholes pricing model.

Although the share-based payment expense – which is recognised as a non-recurring expense in the consolidated income statement –

reduces profit for the period, it has no impact on total equity.

5.3.3 SHARE-BASED PAYMENTS

ASSYSTEM

REGISTRATION DOCUMENT

2016

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