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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
7.2 Treasury shares
In accordance with IAS 32, shares in the Group’s parent company held by itself or any of its subsidiaries are recognised at cost as a
deduction from equity. No fair value gains or losses are recognised on these shares. Post-tax gains or losses arising on the disposal of
treasury shares are recognised directly in equity.
(Number of shares)
Treasury shares
2016
2015
At 1 January
680,149
388,117
Purchases of treasury shares
670,111
829,777
Sales of treasury shares
(234,603)
(373,988)
Treasury shares delivered on exercise of BSAAR stock warrants and conversion of Ornane bonds
(346)
(105,057)
Treasury shares delivered to employees and officers
(30,530)
(58,700)
Shares delivered as consideration for business combinations
(16,339)
–
At 31 December
1,068,442
680,149
Value of treasury shares recognised in equity
(in millions of euros)
(22.7)
(12.3)
7.3 Earnings per share
BASIC EARNINGS PER SHARE
Basic earnings per share is calculated by dividing profit for the period attributable to owners of the parent by the weighted average
number of ordinary shares outstanding during the period.
The dividend payment made by Assystem SA for 2015 resulted in the Company being required to pay the coupons on its Odirnane bonds.
Consequently, for the purpose of calculating basic earnings per share, profit for the period attributable to owners of the parent for 2015 was
adjusted to exclude the Odirnane coupons.
2016
2015
Profit for the period attributable to owners of the parent
31.5
27.2
Coupons on Odirnane bonds
–
(7.2)
Basic earnings attributable to owners of the parent
31.5
20.0
Weighted average number of ordinary shares outstanding during the year
21,258,072
21,595,143
Basic earnings per share
(in euros)
1.48
0.93
DILUTED EARNINGS PER SHARE
Diluted earnings per share is calculated by adjusting (i) profit for the period attributable to owners of the parent for the impact of
all dilutive potential ordinary shares, net of the related tax, and (ii) the weighted average number of ordinary shares outstanding by
assuming conversion into ordinary shares of all dilutive instruments outstanding. Treasury shares deducted from consolidated equity
are not taken into account in the calculation of basic or diluted earnings per share.
ASSYSTEM
REGISTRATION DOCUMENT
2016
107