Universal Registration Document 2019

46 LISI 2019 UNIVERSAL REGISTRATION DOCUMENT Consolidated financial statements 2 b) Tangible assets - IFRS 16 The methodology used following the application of IFRS 16 on January 1, 2019, is explained in paragraph 3.2 - Accounting principles and policies. Statement of IFRS 16 tangible assets at the close: (in thousands of euros) Land Buildings Technical facilities, equipment and tools Other tangible assets Current assets TOTAL GROSS VALUES AT DECEMBER 31, 2018 18,824 31,165 49,989 First normative application of IFRS 16 63,543 508 64,051 Other changes 138 271 3,135 3,544 Acquisitions 20,179 3,656 23,835 Disposals (319) (319) Scope changes (6,306) (7,022) (13,328) Exchange rate differences 1,165 159 4 1,328 GROSS VALUES AT DECEMBER 31, 2019 97,543 24,254 7,303 129,100 DEPRECIATION AT DECEMBER 31, 2018 5,687 25,202 30,889 First normative application of IFRS 16 Other changes 38 38 Depreciation allowance 10,848 1,490 2,535 14,873 Depreciation reversals Scope changes (1,210) (5,712) (6,922) Exchange rate differences 13 76 89 DEPRECIATION AT DECEMBER 31, 2019 15,375 21,054 2,535 38,964 NET VALUES AT DECEMBER 31, 2019 82,168 3,200 4,768 90,135 The change in scope consists of the exit of the debt-related lease agreements held by LISI AEROSPACE Creuzet Maroc. The first normative application of IFRS 16 shows an increase in the value of fixed assets in the amount of €65.0 million at the open. 3.4.1.3 - Non-current financial assets This item consists primarily of capitalization contracts for American pension placements. It also includes non- consolidated holdings. These are investments in unlisted companies, for which fair value cannot be reliably estimated. As a last resort, the Group values financial assets at their historic cost less any potential loss of value, when no reliable fair value estimate is possible through an evaluation technique, in the absence of an active market.