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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 30
DEPRECIATION, AMORTISATION AND PROVISIONS FOR RECURRING OPERATING ITEMS, NET
In millions of euros
2015
2014
Depreciation and amortisation expense
(8.9)
(8.7)
Net change in provisions
(1.4)
(0.8)
TOTAL
(10.3)
(9.5)
NOTE 31
NON-RECURRING INCOME AND EXPENSES
The impairment losses recognised in “Non-recurring income and
expenses” in 2015 relate to the “Staffing” CGU.
The amount recorded under “Net provision for tax dispute” reflects
the Group’s decision to set aside a provision in its 2015 financial
statements for 50% of the disputed amount (
i.e.
€6.8 million out of a
total €13.5 million) relating to a tax reassessment notified to Assystem
France in late 2014 by the French tax authorities concerning research
tax credits. The Group made this decision in light of changes in case law
in 2015 related to similar disputes. Assystem is contesting the grounds
of the reassessment in their entirety, based notably on the opinions
of legal experts initially issued in 2014 and reiterated in 2015. The
Group had already recognised a €2.0 million provision in its 2014
financial statements to cover the estimated costs of the procedure but
these costs were re-estimated at €0.5 million in 2015 and €1.5 million
of the provision was therefore reversed (see Note 20 – Provisions).
NOTE 32
NET FINANCIAL INCOME (EXPENSE) ON CASH AND DEBT
In millions of euros
2015
2014
Impairment losses
(7.0)
(0.7)
Net provision for tax dispute
(5.3)
(2.0)
Restructuring costs and provisions
(3.4)
(11.6)
Share-based payment expense (free shares/stock options)
(0.3)
(0.7)
Company acquisition costs and other
(2.3)
(0.9)
TOTAL NON-RECURRING INCOME AND EXPENSES
(18.3)
(15.9)
In millions of euros
2015
2014
Bond debt – Ornane bonds
(1.1)
(2.5)
Medium and long-term credit facilities
(1.0)
(0.8)
Interest expense
(2.1)
(3.3)
Income from cash investments
1.9
3.3
Currency translation impact
4.2
1.8
NET FINANCIAL INCOME (EXPENSE) ON CASH AND DEBT
4.0
1.8
ASSYSTEM
FINANCIAL REPORT
2015
120