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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
5.2 Equity-accounted investees
In millions of euros
2016
2015
At 1 January
0.7
1.0
Dividends
(1.2)
(0.5)
Share of profit
1.4
0.5
Other movements
–
(0.3)
At 31 December
0.9
0.7
In view of the geopolitical environment in Yemen, at 31 December 2016 the Group maintained the full write-down of its investment in the joint
venture in that country.
Company
Country
% interest % voting rights
Carrying amount
(in millions of euros)
2016
2015
Engage
France
25
25
0.2
0.2
Alphatest
France
49.84
49.84
0.6
0.5
Momentum
France
33.33
33.33
0.1
–
N3A
France
50
50
–
–
MPH Yemen Limited
Yemen
50
50
–
–
KEY FIGURES CONCERNING ASSOCIATES
In millions of euros
2016
2015
Revenue
48.8
49.5
Profit for the period
2.2
1.5
Total comprehensive income
2.2
1.5
Non-current assets
0.3
0.7
Current assets
24.2
23.1
Non-current liabilities
(2.1)
(2.1)
Current liabilities
(20.5)
(19.6)
Net assets
1.9
2.1
In millions of euros
2016
2015
Revenue
6.3
5.6
Other operating income and expenses
2.2
0.9
Financial income
0.1
–
Trade receivables and other current assets
3.0
3.9
Trade payables and other current liabilities
(0.9)
–
Loans
0.8
0.8
RELATED PARTY INFORMATION
The Group has defined four categories of related parties:
●
joint ventures;
●
the members of Assystem’s Board of Directors and Assystem SA’s
corporate officers (see Note 5.3.3 – Share-based payments);
●
HDL Development, which holds 77.23% of the Company’s exercisable
voting rights and provides management services to the Group;
●
Radicon’s minority shareholder.
The table below provides a summary of related-party transactions and
balances.
The Group has recognised a financial liability for amounts owed to
Radicon’s minority shareholder, which totalled €3.9 million in 2016
and €4.2 million in 2015.
SNC Engage has issued guarantees representing a total of €11.6 million
at 31 December 2016 which have been counter-guaranteed by
its shareholders in proportion to their interests in the Company.
Consequently, Assystem has guaranteed 25% of the overall amount
(in proportion to its interest in Engage), corresponding to €2.9 million.
SNC Momentum has issued guarantees representing a total of
€5.9 million at 31 December 2016 which have been counter-guaranteed
by its shareholders in proportion to their interests in the Company.
Consequently, Assystem has guaranteed 33.33% of the overall amount
(in proportion to its interest in Momentum), corresponding to €2.0 million.
ASSYSTEM
REGISTRATION DOCUMENT
2016
97