2021 Universal Registration Document

5 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

FINANCING AND FINANCIAL RISK MANAGEMENT NOTE 12

Financial income and expenses 12.1. Cost of net financial debt 12.1.1.

Financial year 2021

Financial year 2020

(in millions of euros)

Interest income

1.1 1.1 -9.2 -0.6 -9.9 -8.7

1.4 1.4

Income from cash and cash equivalents

Interest expenses

-10.4

Gains and losses on hedges of gross financial debt

-0.9

Cost of gross financial debt COST OF NET FINANCIAL DEBT

-11.3

-9.9

The Cost of gross financial debt (€9.9 million) was down by €691 million in 2020. The average cost of borrowing after €1.4 million. The average amount of debt outstanding in respect hedging was 1.53% in 2021 (1.64% in 2020). This decrease in the of bank borrowings, bonds, NEU CP (Negotiable European average cost of borrowing mainly resulted from the combined Commercial Paper) and NEU MTN (Negotiable European decrease in the interest rates and balance on the syndicated loan. Medium-Term Notes) was €646 million in 2021, versus Other financial income and expenses 12.1.2.

Financial year 2021

Financial year 2020

(in millions of euros)

Foreign exchange gains and losses

2.7 0.7 -6.3 -2.8 -0.7 -1.1

0.5 0.6 -7.6 -4.2 -0.9

Other financial income

Net interest expense on lease liabilities

Net interest expense on retirement benefit obligations Expense on unwinding of discounted non-current liabilities

Change in the value of derivatives

0.7

Gain or loss on disposal of financial assets

0.3

-

Other financial expenses

-2.2

-4.4

Total other financial expenses

-12.8

-16.4 -15.4

TOTAL OTHER FINANCIAL INCOME AND EXPENSES

-9.5

Other financial expenses resulted from €3.3 million in impairment losses against securities in 2020, compared with only €1.2 million in 2021.

Cash and cash equivalents 12.2.

31/12/2021

31/12/2020

(in millions of euros)

Short-term investment securities Cash and cash equivalents Cash and cash equivalents

25.3

39.4

191.9 217.2

206.1 245.5

Current bank overdrafts

-0.2

-0.6

NET CASH IN THE CASH FLOW STATEMENT

216.9

245.0

Net cash and cash equivalents include available liquid funds (cash at bank and in hand), liquid marketable securities that meet the definition of cash equivalents, bills of exchange presented for collection and falling due before the balance sheet date, and temporary bank overdrafts.

Net debt, as presented in Note 12.3, is more representative of the Group’s financial position. Marketable securities and other short-term investments include money-market holdings, short-term deposits and advances under

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021

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