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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
Standards and amendments issued by the IASB but not
yet effective at 31 December 2015
The Group did not early adopt any of the new standards or amendments
listed below which may affect it but whose application was not
mandatory at 1 January 2015:
●
IFRS 15, “Revenue from Contracts with Customers”
●
IFRS 9, “Financial Instruments”
●
Amendments to IAS 1, “Disclosure Initiative”
●
Amendments to IAS 19, “Defined Benefit Plans: Employee
Contributions”
●
Annual Improvements to IFRSs (2010-2012 and 2012-2014 cycles)
The Group is currently assessing the impacts and practical consequences
of applying the above standards and amendments.
Year-on-year comparisons
The presentation of the financial statements was changed at 31 December
2015. Consequently, the presentation of the 2014 financial statements
has also been changed in order to enable meaningful year-on-year
comparisons.
The changes in presentation made to the consolidated income statement
are as follows:
●
Reversals of used provisions – which were previously deducted from
the related recognised expense – are now recorded in a new line,
“Depreciation, amortisation and provisions for recurring operating
items, net”. Additions to and reversals of provisions related to current
assets are also recorded in this new line.
For illustrative purposes, the expense lines that impact “Operating profit before non-recurring items (EBITA)” are shown below before and after
the change in presentation.
In millions of euros
2014 reported
Payroll costs
(631.3)
Taxes other than on income
(1.8)
Depreciation and amortisation
(8.7)
Net additions to provisions for contingencies and charges
(3.0)
Other operating income and expenses
(170.0)
TOTAL OPERATING EXPENSES
(814.8)
In millions of euros
2014 restated
Payroll costs
(631.9)
Other operating income and expenses
(171.6)
Taxes other than on income
(1.8)
Depreciation, amortisation and provisions for recurring operating items, net
(9.5)
TOTAL OPERATING EXPENSES
(814.8)
●
A new sub-total called “EBITA including share of profit of equity-accounted investees” has been added, which corresponds to the aggregate
of “Operating profit before non-recurring items (EBITA)” and “Share of profit of equity-accounted investees”.
ASSYSTEM
FINANCIAL REPORT
2015
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