LISI GROUP - 2018 Financial report

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f) Loans and receivables
Receivables are valued at their face value. A depreciation provision is
recorded when the recoverable value is less than the book value.
g) Provisions for risks and charges
Provisions for risks and charges are recognized in line with the CRC
regulation 2000‑06 on liabilities, dated December 7, 2000.
This regulation stipulates that a liability is recognized when a company
has an obligation to a third party and it is probable or certain that this
obligationwillnecessitateanoutflowofresourcestothethirdparty,with
noequivalentor largerpayment inreturn.Theobligationmustexistatthe
closing of accounts in order to be recognized.
Provisions are calculated with help from the Group’s lawyers and
consultants,basedoncurrentprotocolandanassessmentoftherisksat
the date of closing of accounts.
h) Financial instruments
Results relating to financial instruments used in hedging operations are
calculated and recognized in such a way as to balance the income and
expenses relating to the hedged elements.
ANC Regulation 2015‑05, effective since 01/01/2017, had no impact on
LISI’s financial statements.
i) Income tax
LISI S.A. benefits from the tax integration regime enacted by the law of
December31,1987.Thisregimeallowsthetaxableresultsofprofit-making
companies to be offset by the deficits of other companies, under certain
conditions.
Each company covered by the tax integration regime calculates and
recognizes its tax payable as if it were taxed individually.
LISI S.A. recognizes the savings or additional tax burden resulting from
the difference between the tax owed by the subsidiaries covered by the
regime, and the tax resulting from the calculation of the joint result.
The tax integration agreement stipulates that tax gains generated by
loss-makingsubsidiariesshouldberetainedattheparentcompany level.
3.2 IDetail of balance sheet items
3.2.1 IGross tangible and intangible fixed assets
(in thousands of euros) At 12/31/2017 Acquisitions
Disposals/
Deconsolidations At 12/31/2018
Start-up and development costs
Other intangible fixed asset items 475 16 8 482
Total 1 Intangible assets 475 16 8 482
Land 38 38
Buildings on freehold land 76 76
Buildings on non-freehold land
Buildings, installations, fixtures and fittings
General installations, fixtures and fittings 531 1,381 529 1,383
Office and IT equipment, furniture 503 668 387 783
Total 2 Tangible assets 1,148 2,049 916 2,280
Tangible assets in progress 1,606 23 1,606 23
Total 3 Tangible assets in progress 1,606 23 1,606 23
TOTAL 3,229 2,088 2,530 2,787
Themovements recorded over the period relate to the installations, fixtures and fittings and sundry investments following the relocation of the head
office and the exit of the fixed assets of the former head office.