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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
The carrying amount of property, plant and equipment acquired under finance leases in the past two years is as follows:
In millions of euros
31/12/2015
31/12/2014
Carrying amount of property, plant and equipment acquired under finance leases
0.2
0.2
NOTE 10
INVESTMENT PROPERTY
The building recognised under “Investment property” at 31 December
2015 corresponds to a fully-owned property located in Equeurdreville,
France, which is measured at fair value. It was valued in February 2014
by an independent valuer who has no legal ties with the Group and has
the required qualifications to conduct such a valuation. In compliance
with IFRS, the valuation method used was based on analysing recent
transactions involving similar assets in the same market, as well as
a return-based approach. Major market trends were also taken into
consideration.
The fair value measurement was classified as level 3 in the IFRS fair
value hierarchy in view of the inputs used for valuing the asset.
At 31 December 2015, the value of the investment property was
€1.4 million.
There have been no significant changes in the substance of the lease
contract on the property since the last valuation was performed.
NOTE 11
JOINT VENTURES (EQUITY-ACCOUNTED INVESTEES)
The application of IFRS 11 had an impact on the consolidated financial
statements, as it required the Group to account for the companies
Engage, N3A and MPH Yemen Limited by the equity method as from
1 January 2014 along with Alphatest which was already accounted
for by this method in prior years.
As from 2015 the income statement line “Share of profit of equity-
accounted investees” is presented after “Operating profit before non-
recurring Items (EBITA)”, and a new sub-total is presented – “EBITA
including share of profit of equity-accounted investees”. The companies
whose profit is included in this line all have operations that are closely
connected with those of the Group.
Equity accounted investees
In millions of euros
2015
2014
Beginning of year
1.0
1.9
Dividends
(0.5)
(0.5)
Share of profit
0.5
0.3
Non-recurring expenses
–
(0.8)
Other movements
(0.3)
0.1
YEAR-END
0.7
1.0
Cash flows related to acquisitions of property, plant and equipment and intangible assets were as follows in 2015 and 2014:
In millions of euros
2015
2014
Movements in operating loans and guarantee deposits
(1.2)
(1.0)
Acquisitions of business bases
–
(1.8)
Acquisitions of intangible assets
(1.9)
(1.9)
Acquisitions of property, plant and equipment
(4.9)
(4.9)
Movements in amounts due to suppliers of non-current assets
0.3
1.3
ACQUISITIONS OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS
(7.7)
(8.3)
ASSYSTEM
FINANCIAL REPORT
2015
100