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ÉTATS FINANCIERS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 13
DEFERRED CHARGES
●
Accrued trade payables:
€7,773 thousand.
●
Accrued taxes and payroll costs:
€1,638 thousand.
●
Accrued interest on borrowings:
€386 thousand.
NOTE 14
OFF-BALANCE SHEET COMMITMENTS
Commitments given/received
Commitments given
(in thousands of euros)
Amount
Sureties and guarantees
5,355
Commitments received
Amount
Unused revolving credit facility
40,000
Reciprocal commitments
Obligations
(in thousands of euros)
Total
Payments due by period
Due within
1 year
Due in
1 to 5 years
Due beyond
5 years
Operating leases
•
vehicles
36
30
6
–
•
premises
860
430
430
–
Total
896
460
436
–
Derivative financial instruments
The Company uses currency hedges (mainly in the form of forward
sales or purchases) in order to safeguard its operating margins on
major contracts denominated in foreign currency. It also uses currency
swaps to hedge significant intra-Group financing in foreign currency.
The accounting principles applicable in France for forward financial
instruments and hedging transactions were amended by way of ANC
Regulation 2015-02 dated 2 July 2015. Assystem elected to early
adopt this regulation at 31 December 2016.
The re-measurement in the balance sheet of all of Assystem’s forward
sale contracts at end-2016 resulted in an €801 thousand liability,
recognised under treasury instruments.
NOTE 15
REVENUE
Revenue comprises income received for administrative, management
and specialist services, which are mainly provided to Assystem Group
subsidiaries.
It would not be relevant to provide a breakdown of revenue by business
segment or by geographic region.
ASSYSTEM
REGISTRATION DOCUMENT
2016
138