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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
Share-based payment expense
Share-based payment expense for 2015 and 2014 was as follows:
In millions of euros
2015
2014
Share-based payment expense
(0.3)
(0.7)
The fair value of free shares awarded with or without performance conditions was as follows:
2015
2014
Weighted average fair value of free shares awarded during the year
(in euros per share)
19.40
22.17
NOTE 27
SEGMENT REPORTING
Operating segments are components of the Group about which separate
financial information is available that is evaluated regularly by Group
management in deciding how to allocate resources and in assessing
performance. The Group now has three operating segments: Global
Product Solutions (outsourced R&D), Energy & Infrastructure (complex
infrastructure and engineering) and Staffing (worldwide assignment
of consultants specialised in Oil & Gas and other industrial sectors).
The main accounting policies used for operating segments are as
follows:
●
each segment has its own resources and may share certain resources
with other segments to create synergies. This sharing takes the form
of a reallocation of costs or by contractual relations between different
legal entities;
●
management costs that are directly attributable to these three operating
segments are allocated to each segment concerned;
●
the indicator, “EBITA including share of profit of equity-accounted
investees”, excludes non-recurring income and expenses.
Assets allocated by operating segment and geographic region
correspond to operating assets used by each region in its operating
activities and which are directly attributable to the segment or can be
allocated to the segment on a reasonable basis. These assets do not
include investment property, available-for-sale financial assets, other
non-current financial assets, deferred tax assets, income tax receivable,
other current financial assets, or cash and cash equivalents.
ASSYSTEM
FINANCIAL REPORT
2015
117