79 / 158
LISI 2016 FINANCIAL REPORT
79
3.2.2
I
Amortization and depreciation of the tangible and intangible fixed assets
(in €’000)
At 12/31/2015
Allowances
Decreases
or reversals
At 12/31/2016
Start-up and development costs
Other intangible fixed assets
353
25
379
Total 1
353
25
379
Land
Buildings
348
3
351
General installations, fixtures and fittings
380
53
433
Transport equipment
Office and IT equipment, furniture
341
64
405
Total 2
1,069
120
1,189
TOTAL
1,422
145
1,568
3.2.3
I
Financial assets
(in €'000)
Gross value at
12/31/2015
Acquisitions and
transfers from
item to item
Disposals and
transfers from
item to item
Gross value at
12/31/2016
Equity interests valued by the equity accounting method
Equity interests and related receivables
158,337
57,865
500
215,703
––
of which Hi Shear Corporation loan
56,920
56,920
––
of which Hi Shear Corporation interest incurred
945
945
––
of which LISI AUTOMOTIVE loan
500
500
0
Other non-current investments
10
10
Borrowings and other debts
21
21
TOTAL
158,368
57,865
500
215,734
The increase in financial assets stems from the setting up of an intragroup loan to our American subsidiary HI SHEAR CORPORATION,
the decrease corresponds to the repayment of the balance of a group loan to LISI AUTOMOTIVE.
3.2.4
I
Provisions for depreciation of the tangible fixed assets and financial assets
(in €’000)
At 12/31/2015
Allowances
Reversals
At 12/31/2016
Provisions on intangible fixed assets
Provisions on tangible fixed assets
108
108
Provisions on equity method investments
Provisions on equity interests
Provisions on other financial assets
8
8
TOTAL
8
108
116
The provision for depreciation on tangible fixed assets in an amount of €108,000 is for the forthcoming relocation of the LISI S.A. head office.
COMPANY FINANCIAL STATEMENTS
4