2021 Universal Registration Document

2021 CONSOLIDATED FINANCIAL STATEMENTS 5 Notes to the consolidated financial statements

Notes to the consolidated financial statements

The Group’s consolidated financial statements for the year ended 31 December 2021 were approved by the Board of Directors at its meeting held on 23 February 2022.

Note 1

Accounting policies Basis of preparation

176 176 176

Note 9

leases

205 205 206 206 206 207 209 209 209 210 210 210

1.1. 1.2. 1.3.

9.1. 9.2.

Right-of-use assets by category of leased assets Breakdown of lease liabilities by maturity

Application of new standards and interpretations Impact of the Covid-19 crisis on the consolidated

financial statements for the period

176

Note 10

Equity-accounted investments

1.4.

Impact of environmental risks on the consolidated

10.1. 10.2.

Net profit from associates

financial statements

177 177

Carrying amount of investments in associates

1.5. 1.6.

Material estimates and accounting judgments Format of the financial statements and foreign

Note 11

Provisions and contingent liabilities Current and non-current provisions

currency translation

177

11.1. 11.2.

Contingent liabilities

Note 2

Scope of consolidation

178 178 180

2.1. 2.2.

Main acquisitions

Note 12

Financing and financial risk management Financial income and expenses Cash and cash equivalents Financial debt – Net financial debt Derivatives reported in the balance sheet

Other changes in scope

12.1. 12.2. 12.3. 12.4. 12.5.

Note 3

Segment information Results by reporting unit

180 180

211 212 214

3.1. 3.2. 3.3.

Revenue by geographic area

181 181

Financial risk management

Non-current assets by geographic area

Note 13

Cash flows

222 222 224

Note 4

Operating profit

182 182

13.1. 13.2. 13.3.

Change in net financial debt

4.1. 4.2.

Breakdown of revenue by reporting unit Other operating income and expenses included

Reconciliation of WCR with the cash flow statement

in Operating profit

184

Other cash flows in the consolidated

cash flow statement

224

Note 5

Employee benefits and share-based payments

186 186 186 186 192

Note 14

Equity and earnings per share

225 225 226

5.1. 5.2. 5.3. 5.4. 5.5.

Staff costs Workforce

14.1. 14.2.

Equity

Earnings per share

Retirement benefits and similar obligations

Share-based payments

Note 15

Related-party transactions

227

Compensation of senior management (related

parties)

193

15.1.

Transactions with equity-accounted associates

and non-consolidated entities Subsidiaries and equity interests

227 227

15.2.

Note 6

Corporate income tax

194 194 194 195

6.1. 6.2. 6.3.

Tax expense

Note 16

Off-balance sheet commitments

228 228 228

Reconciliation of statutory and effective tax expense

16.1. 16.2.

Commitments given related to current operations

Deferred tax assets and liabilities

Commitments received

Note 7

Components of the working capital requirement and other financial assets and liabilities

Note 17

Subsequent events

228

196 196 198 199 199 200

7.1. 7.2. 7.3. 7.4. 7.5.

Other non-current financial assets Trade receivables and related accounts

Note 18

List of Group companies

229

Other current assets

Note 19

Statutory Auditors’ fees

232

Other non-current liabilities Other current liabilities

Note 8

Property, plant and equipment and intangible

assets

200 200 202 204

8.1. 8.2. 8.3.

Goodwill

Other intangible assets

Property, plant and equipment

175

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021