2021 Universal Registration Document
5 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements
Following the arrangement in July 2019 of a 250 million Euro PP fixed-rate bond issue with maturities of 7 and 8 years, the Group restructured its portfolio of interest rate hedges to secure lower rates over longer maturities, as detailed below:
Fair value
31/12/2021
Maturity
Non- current liabilities
Non- current assets
Current liabilities
1 to 5 years >5 years
Current assets
<1 year
Maturity
(in millions of euros)
Swap (cash flow hedge) in euros Swap (cash flow hedge) in foreign currency
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Options eligible for hedge accounting in euros Options eligible for hedge accounting in foreign currency Swaps not eligible for hedge accounting in euros Options not eligible for hedge accounting in euros TOTAL INTEREST RATE HEDGES
0.6
-
0.3
-
150.0
-
150.0
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- -
-
- -
-
- -
-
- -
0.6
0.3
150.0
150.0
The remeasurement of these financial instruments in equity is recognised in Other comprehensive income. The remeasurement of these financial instruments in profit or loss is recognised in Other financial income and expenses . The profit or loss and equity impacts of the Group’s interest rate hedging instruments are as follows:
Balance sheet amounts
Changes in fair value
Changes in fair value
Changes in scope
Other changes
Equity impact
31/12/2020
31/12/2021
Profit or loss impact
Ineffective portion of cash flow hedges
Fair value
hedges Trading
(in millions of euros)
Swap (cash flow hedge) in euros Swap (cash flow hedge) in foreign currency Options eligible for hedge accounting in euros Options eligible for hedge accounting in foreign currency Swaps not eligible for hedge accounting in euros Options not eligible for hedge accounting in foreign currency
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-0.7
1.0
-
-
0.3
1.2
-0.2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-0.1
0.1
-
-
-
-
-
-
0.1
TOTAL PRE-TAX IMPACT
-0.8
1.1
-
-
0.3
1.2
-0.2
-
0.1
217
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021
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