2021 Universal Registration Document

6 2021 PARENT COMPANY FINANCIAL STATEMENTS Notes to the balance sheet

Fair value

31/12/2021

Maturity

Non- current liabilities

Non- current assets

Current liabilities

1 to 5 years >5 years

Current assets

Notional amount

<1 year

(in thousands of euros)

Options eligible for hedge accounting in euros TOTAL INTEREST RATE HEDGES

687 687

- -

317 317

- 160,000 - 160,000

- 160,000 - 160,000

- -

Foreign exchange hedge b. Sopra Steria Group is subject to three main types of risks linked to fluctuations in exchange rates: currency translation risk associated with the repatriation of p dividends of subsidiaries whose base currency is not the euro;

transaction risk associated with purchases and sales of services in p foreign currencies and internal foreign exchange contracts granted to subsidiaries in connection with the centralised management of foreign exchange risk; financial foreign exchange risk arising from foreign-currency p borrowings (risk arising from changes in the value of the financial debt denominated in pounds sterling).

Nominal value

Fair value

(in thousands of euros)

Foreign exchange hedge (1)

87,586 150,000

-744

Interest rate hedge

270

Including internal foreign exchange contracts. (1)

Transaction risk: As part of the Group’s general risk management policy, Sopra Steria Group systematically hedges against foreign currency transaction risks that constitute material risks. In addition, centralised management of foreign exchange transaction risk is in place with the Group’s main entities (apart from India). Sopra Steria Group acts as the centralising entity, granting exchange rate guarantees to subsidiaries in pounds sterling, US dollars, Polish zlotys, Tunisian dinars, Norwegian kroner and Swiss francs. After netting internal exposures, Sopra Steria Group hedges the residual exposure through the use of derivatives. The remeasurement through profit or loss of these financial instruments hedging balance sheet items is offset by the revaluation of foreign currency receivables over the period.

At 31 December 2021, the fair value of foreign exchange instruments was -€744 thousand. The portfolio’s sensitivity in the event of a change in interest rates is: an increase of €1,483 thousand in the event of a 5% fall in the p euro; a decrease of €1,669 thousand in the event of a 5% rise in the p euro. Foreign exchange risk: At 31 December 2021, sterling-denominated debt providing partial coverage of the assets comprised of shares in UK subsidiaries amounted to €261,434 thousand, while cash and cash equivalents in Swedish kronor providing partial coverage of the debt of subsidiaries in Sweden came to €19,045 thousand.

All of the foreign exchange and interest rate positions are taken active markets or values provided by banks. Gains or losses arising using listed financial instruments traded over the counter or on derivatives used to hedge forecast transactions with separately through organised markets with minimal counterparty risk. Gains identifiable risks are deferred and taken into account in the and losses on financial instruments accounted for as hedges are valuation of the transaction in question, which occurs when it is recognised symmetrically with the items hedged. The fair value of settled. financial instruments is estimated on the basis of quoted prices in

TRADE PAYABLES 5.5.3.

2021

2020

(in thousands of euros)

Non-Group suppliers and related accounts

17,803 63,760 58,041

18,127 50,079 53,028

Accrued expenses

Group suppliers (including accrued expenses)

TOTAL

139,604

121,233

259

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021