83 / 168
83
3.2.2 Amortization and depreciation of the tangible and intangible fixed assets
(in thousands of euros)
At 12/31/2016
Allowances
Decreases
or reversals
At 12/31/2017
Start-up and development costs
Other intangible fixed assets
379
49
45
383
Total 1
379
49
45
383
Land
Buildings
351
3
280
74
General installations, fixtures and fittings
433
18
451
Transport equipment
Office and IT equipment, furniture
405
28
0
433
Total 2
1,189
49
280
958
TOTAL
1,568
98
325
1,341
3.2.3 Financial assets
Figures in euros
Gross value
12/31/2016
Acquisitions
and transfers
from item to item
Disposals
and transfers
from item to item
Gross value
12/31/2017
Equity interests valued by the equity accounting method
Equity interests and related receivables
215,703
49,330
12,302
252,730
– of which Hi Shear Corporation loan
56,920
11,357
45,563
– of which Hi Shear Corporation interest incurred
945
753
945
753
- of which LISI Holding North America loan
48,362
48,362
- of which LISI Holding North America accrued interest
215
215
Other non-current investments
10
10
Borrowings and other debts
21
21
TOTAL
215,734
49,330
12,302
252,761
The increase in financial assets stems from the setting up of an intragroup loan to our US subsidiary LISI Holding North America, and the decrease
corresponds to the repayment of the annuity of the group loan to HI SHEAR CORPORATION of €5,539,000 and to the unrealized loss on foreign
exchange differences of €5,818,000 for that loan.
3.2.4 Provisions for depreciation of the tangible fixed assets and financial assets
(in thousands of euros)
At 12/31/2016
Allowances
Reversals
At 12/31/2017
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
116
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.
LISI 2017 FINANCIAL REPORT
COMPANY FINANCIAL STATEMENTS
4