SOPRA_STERIA_REGISTRATION_DOCUMENT_2017

2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

6.3.3. Change in tax loss carryforwards

United Kingdom Germany Scandinavia

Other countries

France

Total

(in millions of euros)

31 December 2016

238.3

4.8

20.1

36.6

26.0 -5.9

325.9

Changes in scope

- -

-

- -

0.6 2.1

-5.3

Created

0.3

3.2

5.6

Used

-27.4

- -

-16.0

-0.8

-2.1

-46.3

Expired

-8.5

- -

-

-

-8.5 -2.4 -9.9

Translation adjustments

-

-0.2

-0.8

-1.5 -0.7

Other movements

-5.5

-

-3.8 0.3

-

31 DECEMBER 2017

196.9 140.3

5.0

37.8

19.1

259.1 144.1 115.0

Deferred tax basis – activated Deferred tax basis – non-activated

-

0.3

-

3.5

56.6 48.3 19.5

5.0

- - -

37.8

15.6

Deferred tax – activated

-

-

0.9 4.5

49.3 33.3

Deferred tax – non-activated

1.0

8.3

In France, a portion of the non-activated tax losses, i.e. €17.3 million in deferred taxes (based on a tax rate of 34.43%), consisted of the tax loss carryforwards prior to 1 January 2014 originating from Steria. The authorities’ decision to disallow their transfer to Sopra Steria is being challenged through litigation. The other portion of €2.2 million in France originated from the losses inherited from recently acquired companies.

In Scandinavia, the tax loss carryforwards of the companies established in Sweden and Denmark did not lead to the recognition of any deferred tax assets.

NOTE 7 COMPONENTS OF THE WORKING CAPITAL REQUIREMENT AND OTHER FINANCIAL ASSETS AND LIABILITIES

These items include non-current financial assets, trade accounts receivable, other current assets, other non-current liabilities, trade accounts payable and other current liabilities. 7.1. Other non-current financial assets

31/12/2017

31/12/2016

(in millions of euros)

Available-for-sale assets Other loans and receivables

13.9 10.4

9.6 8.5 4.8

Derivatives

4.3

TOTAL

28.6

22.8

157

SOPRA STERIA REGISTRATION DOCUMENT 2017