2021 Universal Registration Document

5 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

programme was €68.4 million in 2021, compared with €110.1 million in 2020. The outstanding amount under the NEU CP programme at 31 December 2021 was €15.0 million (€65.0 million at 31 December 2020). The NEU CPs are included in Other sundry financial debt. In December 2017, as part of its efforts to diversify its borrowings, the Group arranged an NEU MTN programme of medium-term negotiable securities that was not underwritten,

earlier NEU CP programme, the NEU MTN programme is presented in documentation available on the Banque de France website. The NEU MTN programme pays fixed or floating rates, with a spread at each issue date. Maturities range from one to five years. At 31 December 2021, the outstanding amount under the NEU MTN programme was €130.0 million, with maturities of up to two years (€144.0 million at 31 December 2020). The net decrease in the amount of NEU MTN corresponded to €14 million in matured securities, which were renewed in the form of NEU CP. There were no new NEU MTN issues in 2021. The NEU MTNs are

with a maximum amount of €300 million. As was the case for the included in Other sundry financial debt.

Derivatives reported in the balance sheet 12.4.

31/12/2021

Breakdown by class of financial instrument

Assets and liabilities at fair value through profit or loss

Financial assets at fair value through OCI

Other items not considered as financial instruments

Loans, receivables and other debt

Financial liabilities at amortised

Carrying amount Fair value

cost Derivatives

(in millions of euros)

Non-current financial assets Trade receivables and related accounts

81.9

81.9

-

25.2

53.9

-

2.9

-

1,020.1 1,020.1

- -

- - -

1,020.1

- - - -

-

-

Other current assets

447.9 217.2

447.9 217.2

338.3

5.4

104.2

Cash and cash equivalents FINANCIAL ASSETS

217.2 217.2

-

-

-

1,767.1 1,767.1

25.2 1,412.2

8.3

104.2

Financial debt – Long-term portion

448.4

448.4

- -

- -

-

448.4

-

- -

Other non-current liabilities

15.8

15.8

15.2

-

0.6

Financial debt – Short-term portion

95.8

95.8

-

-

-

95.8

-

-

Trade payables and related accounts Other current liabilities FINANCIAL LIABILITIES

328.9

328.9

- - -

- - -

328.9

- -

-

-

1,353.6 1,353.6 2,242.6 2,242.6

1,235.3 1,579.4

0.9 1.6

117.4 117.4

544.3

Items measured at fair value through profit or loss, and derivative hedging instruments, are valued by reference to quoted interbank interest rates and to foreign exchange rates set daily by the European Central Bank. All financial instruments in this category are financial assets and liabilities classified as such upon first recognition. Financial debt is recognised at amortised cost using the effective interest rate. Hedging instruments may be put in place to hedge against fluctuations in interest rates by swapping part of the Group’s floating-rate debt for fixed-rate debt. The Group has entered into and continues to implement transactions designed to hedge its exposure to foreign currency

risk through the use of derivatives, including exchange-traded futures and options as well as over-the-counter instruments with top-tier counterparties, as part of its overall risk management policy and due to the substantial scale of its production activities in India, Poland and Tunisia. Derivatives are recognised at fair value in the consolidated balance sheet. Changes in the fair value of derivatives not qualifying for hedge accounting are recognised directly in profit or loss for the period. Income tax receivables and payables are not financial instruments.

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021

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