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FINANCIAL STATEMENTS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 3
NOTES TO THE BALANCE SHEET AND INCOME STATEMENT
3.1 Change in the gross value of fixed assets
In thousands of euros
Gross value at
beginning of year
Increase
in gross value
Decrease
in gross value
Gross value
at year-end
Intangible assets
658
93
8
743
Property, plant and equipment
4,622
37
236
4,423
Long-term investments
351,291
60,371
17,773
393,889
TOTAL
356,571
60,501
18,017
399,055
At 31 December 2015, intangible assets broke down as €697 thousand in software, €15 thousand corresponding to a fully-amortised patent,
€28 thousand in goodwill (which has been written down in full), and €3 thousand in assets in progress. Of the €93 thousand year-on-year
increase in intangible assets, €87 thousand related to the purchase of new software.
Property, plant and equipment broke down as €3,465 thousand in buildings, fixtures and fittings, €690 thousand in office furniture and equipment,
€261 thousand in works of art, and €7 thousand in assets under construction.
Year-on-year changes in long-term investments mostly relate to the purchases of shares in subsidiaries and affiliates referred to in Note 1 above,
as well as new loans granted to subsidiaries and the treasury share transactions described in section 3.2 below.
3.2 Long-term investments
The year-on-year change in long-term investments was as follows:
In thousands of euros
Gross value at
beginning of year
Increase
in gross value
Decrease
in gross value
Gross value
at year-end
Shares in subsidiaries and affiliates
(1)
331,024
10,046
6,506
334,564
Loans to subsidiaries and affiliates
(2)
13,657
35,341
1,991
47,007
Deposits and guarantees
12
–
3
9
Treasury shares
6,598
14,984
9,273
12,309
TOTAL
351,291
60,371
17,773
393,889
(1) The year-on-year increase in “Shares in subsidiaries and affiliates” was due to:
•
the purchase of a 19.25% interest in MPH Global Services (€5,750 thousand);
•
the acquisition of 40% of Plast Concept (€2,498 thousand);
•
the subscription in cash of shares issued by Assystem International (€700 thousand);
•
the acquisitions of the following companies from Group subsidiaries: SCI du Pont Noir (€1,065 thousand) and Assystem Avenir (€33 thousand).
The year-on-year decrease relates to:
•
the derecognition from long-term investments of Assystem Innovation shares (representing a historic amount of €6,457 thousand), following the sale of these shares to Assystem France;
•
the liquidation of (i) the Anthélys entities (whose shares represented a gross value of €40 thousand) and (ii) Assystem Polska (whose shares represented a gross value of €11 thousand).
(2) The following loans were granted to Group subsidiaries during 2015:
•
€30,640 thousand loan to Assystem UK in connection with the acquisition of Radicon Gulf Consult in January 2015;
•
a €596 thousand loan to Assystem UK Abu Dhabi (a branch of Assystem UK based in Abu Dhabi);
•
a €548 thousand loan to Assystem US.
The total amount of loan repayments during the year 2015 came to €816 thousand.
The amounts shown above were translated into euros using the exchange rates prevailing on the inception dates of the loans. The impact of
translating these loans using year-end exchange rates corresponded to an aggregate €2,382 thousand.
ASSYSTEM
FINANCIAL REPORT
2015
135