2021 Universal Registration Document

5 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Carrying amount of investments in associates 10.2.

The carrying amount of investments in associates consisted mainly of the value of Axway Software shares. This latter changed as follows:

Axway Software shares

Carrying amount

Gross value

Impairment

(in millions of euros)

31 December 2019

195.0

- - - - - - - - - - - - - - - - - - - -

195.0

Changes in scope

- -

- -

Reversal of impairment Share capital transactions

0.2

0.2

Dividends paid

-

-

Net profit

2.7

2.7

Translation adjustments Changes in shareholding

-6.6 -0.7

-6.6 -0.7

Disposal

-

-

Other movements

1.4

1.4

31 December 2020 Reversal of impairment Share capital transactions

192.0

192.0

-

-

0.7

0.7

Dividends paid

-2.8

-2.8

Net profit

3.1 6.0

3.1 6.0

Translation adjustments Changes in shareholding

-1.5

-1.5

Disposal

-

-

Other movements

-1.6

-1.6

31 DECEMBER 2021

195.9

195.9

At 31 December 2021, Sopra Steria Group held a 31.96% stake, returns from this subsidiary. As such, the Group exerts a significant versus 32.38% at 31 December 2020. This stake does not give the influence and reviews this situation each financial year. In 2021, no Group a controlling interest in this subsidiary and does not allow it events or developments occurred that changed this situation. to involve itself in the running of business or influence variable

Their recoverable amount is estimated as follows:

31/12/2021

31/12/2020

(in millions of euros)

Market value (Category 1) ( * ) Market value less costs to sell

186.0 182.2 246.4

186.7 182.9 234.2

Value in use

DCF calculation parameters: Discount rate p Perpetual growth rate p RECOVERABLE AMOUNT

8.6% 2.2%

7.8% 2.3%

246.4

234.2

Since Axway Software’s shares are listed, their fair (market) value less costs of disposal is equal to market price less costs to sell, which constitutes the Level 1 fair value under IFRS. (*)

Their value in use – the higher of the two values used to determine the recoverable amount – supports the carrying amount of the equity-accounted Axway Software shares at 31 December 2021. The Group tested 0.5-point changes in its assumptions, all other things being equal. Based on this test, neither a 0.5-point increase

in the discount rate, nor a 0.5-point decrease in the perpetual growth rate, nor the combination of these two factors would lead to an impairment loss. This test is based on the judgement of management and was developed within the context of uncertainties inherent in the transformation of Axway Software’s business model.

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021

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