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FINANCIAL STATEMENTS
6
PARENT COMPANY FINANCIAL STATEMENTS
NOTE 14
OFF-BALANCE SHEET COMMITMENTS
Guarantees
In thousands of euros
Commitments given
Amount
Sureties and guarantees
6,662
Commitments received
Amount
Unused revolving credit facility
120,000
Reciprocal commitments
In thousands of euros
Bonds
Total
Payments due by period
Due within
one year
Due in one to
five years
Due beyond
five years
Operating leases
•
vehicles
87
52
36
–
•
premises
1,290
430
–
–
TOTAL
1,377
482
36
–
Derivative financial instruments
The Company uses currency hedges (mainly in the form of forward
sales or purchases) in order to safeguard its operating margins on
major contracts denominated in foreign currency. It also uses currency
swaps to hedge significant intra-Group financing in foreign currency.
The fair value of all of the Company’s hedges in place at 31 December
2015 amounted to €239 thousand.
Disclosure relating to acquisitions
On 17 November 2015, Assystem SA acquired 40% of the shares in
Plast Concept for €2,498 thousand. The Company has undertaken to
purchase the remaining 60% interest by 30 April 2017 based on a
price of €3 million, which will be adjusted depending on Plast Concept’s
net cash position at the acquisition date.
NOTE 15
REVENUE
NOTE 16
EXECUTIVE REMUNERATION
Revenue comprises income received for administrative, management
and specialist services, which are mainly provided to Assystem Group
subsidiaries.
It would not be relevant to provide a breakdown of revenue by business
segment or by geographical region.
Assystem SA’s executives do not have employment contracts and instead receive remuneration in their capacity as corporate officers.
ASSYSTEM
FINANCIAL REPORT
2015
144