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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
NOTE 37
OFF-BALANCE SHEET COMMITMENTS
At 31 December 2015, Management considered that there were no existing commitments, other than those described below, that would be
likely to have a material impact on the current or future financial position of the Assystem Group.
Operating leases
The table below shows minimum future lease payments due under non-cancellable leases:
In millions of euros
Due in less than
1 year
Due in
1 to 5 years
Due beyond
5 years
Total
Minimum future lease payments at 31 December 2015
14.8
30.9
4.0
49.7
Real estate
10.6
24.7
4.0
39.3
Other
4.2
6.2
–
10.4
Minimum future lease payments at 31 December 2014
17.6
28.7
5.2
51.5
Real estate
11.9
24.0
5.2
41.1
Other
5.7
4.7
–
10.4
Other commitments
In millions of euros
Commitments given
Commitments received
Deposits,
guarantees
and sureties
Collateral
Deposits,
guarantees
and sureties
Guarantees given
for payments relating
to the sale of securities
Unused credit
facilities
Holding company
6.7
–
–
–
120.0
France
2.3
–
–
–
–
Spain
0.2
–
–
–
–
United Kingdom
–
–
–
–
13.2
Germany
2.0
–
–
–
–
AMEA
2.8
–
1.4
–
–
Other
0.1
–
–
–
–
TOTAL
14.1
–
1.4
–
133.2
NOTE 38
RELATED PARTY INFORMATION
The Group classifies its related parties into three categories:
●
members of Assystem’s Board of Directors who are corporate officers
of Assystem SA (executive directors);
●
HDL Development, which owns 61.87% of Assystem’s exercisable
voting rights and provides the Group with business management
services;
●
Radicon’s minority shareholder (other related party).
Transactions with related parties break down as follows:
Remuneration and benefits granted to executive directors
In millions of euros
2015
2014
Salaries and other short-term benefits
(
*
)
(0.9)
(0.7)
Directors’ fees
(0.2)
(0.1)
Share-based payment
–
(0.2)
TOTAL
(1.1)
(1.0)
(*) This corresponds to the direct remuneration (including payroll taxes) paid to the members of the Board of Directors in their capacity as executive directors.
ASSYSTEM
FINANCIAL REPORT
2015
124