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ÉTATS FINANCIERS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 16
AVERAGE HEADCOUNT
Assystem SA’s executives do not have employment contracts and instead receive remuneration in their capacity as Company officers (see
Chapter 2 – Corporate governance).
NOTE 17
EXPENSE TRANSFERS
●
Miscellaneous reimbursements:
€2 thousand.
●
Benefits in kind:
€17 thousand.
NOTE 18
FINANCIAL INCOME AND EXPENSES
In thousands of euros
31/12/2016
Financial income from investments in subsidiaries and affiliates
22,974
Dividends received
22,974
Income from other securities and receivables recognised as fixed assets
850
Loan interest
850
Other interest income
7,742
Income from marketable securities
3
Income related to Group cash management
713
Other financial income
(1)
7,026
Provision reversals and expense transfers
14,122
Reversal of provisions for foreign exchange losses
902
Reversal of provisions for long-term investments
(2)
13,220
Positive foreign exchange differences
2,114
Foreign exchange gains
2,114
Net proceeds from sales of marketable securities and interest on term accounts
926
Net proceeds from sales of marketable securities and interest on term accounts
926
Total financial income
48,728
Amortisation and provisions recognised under financial expenses
(23,976)
Additions to provisions for contingencies and charges relating to financial assets
(2)
(20,409)
Additions to provisions for foreign exchange losses
(3,567)
Interest expense
(6,147)
Interest on borrowings
(162)
Interest on bond debt:
(4,162)
Ornane bonds
(4)
Odirnane bonds
(4,158)
Expenses related to Group cash management
(79)
Other financial expenses
(3)
(1,744)
Negative foreign exchange differences
(3,031)
Foreign exchange losses
(3,031)
Total financial expenses
(33,154)
Net financial income
15,574
(1) Including €6,536 thousand concerning the future rebilling of costs related to the free share/performance share plans set up for employees of Group subsidiaries (the expense recognised by
Assystem SA has been recorded as an addition to provisions for financial contingencies and charges).
(2) These amounts correspond to additions to and reversals of (i) provisions recognised for the Company’s treasury share portfolio and (ii) provisions for impairment in value of shares in
subsidiaries and subsidiaries’ current accounts (see Note 5 above).
(3) Including a €1,139 thousand write-down of a loan granted to Avance Service Réseaux.
ASSYSTEM
REGISTRATION DOCUMENT
2016
139