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ÉTATS FINANCIERS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 3
NOTES TO THE BALANCE SHEET AND INCOME STATEMENT
3.1 Change in the gross value of fixed assets
In thousands of euros
Gross value at
beginning of year
Increase
in gross value
Decrease
in gross value
Gross value
at year-end
Intangible assets
743
27
23
747
Property, plant and equipment
4,423
43
20
4,446
Long-term investments
393,889
55,374
22,713
426,550
Total
399,055
55,444
22,756
431,743
At 31 December 2016, intangible assets broke down as €704 thousand
in software, €15 thousand corresponding to a fully-amortised patent and
€28 thousand in goodwill. The €27 thousand year-on-year increase in
intangible assets relates to the purchase of new software.
Property, plant and equipment broke down as €3,499 thousand in
buildings, fixtures and fittings, €696 thousand in office furniture and
equipment and €251 thousand in works of art.
Year-on-year changes in long-term investments primarily relate to the
purchases of shares in subsidiaries and affiliates referred to in Note 1
above, as well as new loans granted to subsidiaries and the treasury
share transactions described in Section 3.2 below.
3.2 Long-term investments
Movements in long-term investments were as follows:
In thousands of euros
Gross value at
beginning of year
Increase
in gross value
Decrease
in gross value
Gross value
at year-end
Shares in subsidiaries and affiliates
(1)
334,563
30,358
632
364,289
Loans to subsidiaries and affiliates
(2)
47,007
8,547
16,032
39,522
Deposits and guarantees
11
–
–
11
Treasury shares
12,309
15,677
5,258
22,728
Total
393,890
54,582
21,922
426,550
(1) The year-on-year increase in “Shares in subsidiaries and affiliates” was due to:
•
the acquisition from Assystem Deutschland Holding of all of the shares in Silver Atena UK Ltd (€14,561 thousand) and the purchase of new shares issued by Silver Atena UK Ltd
(€1 million);
•
the acquisition of 51% of Envy (€14,018 thousand);
•
the acquisition of new shares issued by ASM Technologies, paid up by capitalising receivables (€773 thousand);
•
the purchase of new shares issued by Assystem Investissements, paid up in cash (€6 thousand).
The year-on-year decrease relates to:
•
the liquidation of Extra Capital (whose shares had a gross value of €632 thousand).
(2) The following loans were granted to Group subsidiaries during 2016:
•
€3,319 thousand to Assystem UK;
•
€170 thousand to Assystem US;
•
€2,059 thousand to Assystem Polynésie;
•
€1,606 thousand to Assystem Nouvelle-Calédonie;
•
€100 thousand to Assystem Shanghai.
The total amount of loan repayments during 2016 came to
€11,898 thousand.
The amounts shown above were translated into euros using the exchange
rates prevailing on the inception dates of the loans. The impact of
translating these loans using year-end exchange rates corresponded to
an aggregate €2,841 thousand.
The table below shows a summary of movements in treasury shares during 2016:
Treasury share transactions
(in thousands of euros)
Number of shares
Value
Number of treasury shares at 31 December 2015
680,149
12,309
Purchases
670,111
15,677
Sales
(281,818)
(5,258)
Number of treasury shares at 31 December 2016
1,068,442
22,728
ASSYSTEM
REGISTRATION DOCUMENT
2016
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