2021 Universal Registration Document

6 2021 PARENT COMPANY FINANCIAL STATEMENTS Notes to the income statement

The actual staff expense is not recognised until the date shares p are delivered under the plan. This expense is measured at the purchase cost of the vested free shares. For multi-year plans contingent upon conditions related to p performance and/or continued employment, a provision for contingencies is set aside on a straight-line basis over the vesting period in recognition of the probable outflow of

resources when the decision or intention to award shares bought back is established. This provision is reassessed at each financial year-end taking into account the opening cost of the shares on the date they were assigned to the plan or the cost of shares yet to vest, measured on the basis of the share price at the balance sheet date, and the probability that the plans will

be implemented at the stated terms.

RETIREMENT BENEFIT OBLIGATIONS: AMOUNT RECOGNISED IN THE INCOME STATEMENT 4.2.3. The calculation assumptions for this obligation were as follows: each employee is entitled to a retirement bonus; p

voluntary retirement age: 65; p salary increase rate: 2.5%; p staff turnover: 0% to 18.30%; p social security contribution rate: 45.0%; p discount rate: 0.98%. p

the amount payable is calculated as set out in the collective p bargaining agreement covering the category of employees in question;

AMOUNTS RECOGNISED IN THE INCOME STATEMENT ❙

31/12/2021

31/12/2020

(in thousands of euros)

Current service cost Interest on obligation

6,678

5,780

395 534

690

Net actuarial losses recognised in respect of the financial year

Past service cost

-

193

TOTAL RECOGNISED UNDER OPERATING EXPENSES Net liability at the beginning of the period (with corridor)

7,607 77,663 7,607 -2,990 5,626 87,905

6,662 73,170 6,662 -2,169

Net expense recognised in the income statement

Benefits provided

Intercompany transfers and partial transfers of assets NET LIABILITY AT THE END OF THE PERIOD

-

77,663

OTHER INFORMATION 4.2.4. Workforce a. The average workforce in 2021 was 13,236 employees. The workforce at 31 December 2021 totalled 13,588 employees.

Compensation of Directors and company officers b. Directors’ fees paid in 2021 in respect of financial year 2020 amounted to €500 thousand. Compensation paid in 2021 to company officers totalled €1,114 thousand.

Net financial income 4.3.

Notes 5.3.1.c

2021

2020

(in thousands of euros)

Dividends received from equity interests

85,664 -5,789

53,842 -6,757

Interest on bank borrowings and similar charges

Interest on employee profit-sharing Discounting of the pension provision

-

-

-395

-690

Interest received and paid on Group current accounts Positive and negative foreign exchange impact (incl. provision)

3,350 -8,506 -7,005 -8,222 59,097

2,938

11,685 -3,944

5.3.1.b

Impairment of equity interests

Other financial income and expenses

3,593

NET FINANCIAL INCOME

60,667

Foreign exchange gains and losses mainly arise from transactions carried out in pounds sterling, Norwegian kroner and US dollars. In 2021, this item was mainly affected by the revaluation of financial debt outstanding denominated in pounds sterling.

In light of the financial difficulties encountered by the Singapore subsidiary Sopra Steria Asia, the Company fully impaired its equity interest in that subsidiary (see Note 5.1.3.b) and recognised an additional expense in respect of that portion of the risk exceeding its investment (see Note 5.4).

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021