SOPRA_STERIA_REGISTRATION_DOCUMENT_2017

2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

11.4.Derivatives reported in the balance sheet

31/12/2017

Breakdown by class of financial instrument

Assets and liabilities at fair value through profit and loss

Other items not

Loans, receivables and other debt

Financial liabilities at amortised cost

Available- for-sale assets

considered as financial instruments

Carrying amount

Fair value

Deri- vatives

(in millions of euros)

Non-current financial assets Trade accounts receivable

28.6 28.6

- - -

13.9

10.4

- - - - -

4.3

- -

1,137.8 1,137.8 256.4 256.4 162.4 162.4 1,585.2 1,585.2 398.9 398.9

- - - - - - - -

1,137.8

-

Other current assets

175.4

3.3

77.7

Cash and cash equivalents FINANCIAL ASSETS

162.4 162.4

-

-

-

13.9 1,323.6

7.6

77.7

Financial debt – long-term portion

- - - - -

-

398.9

-

- - - -

Other non-current liabilities

65.2 65.2

62.0

-

3.2

Financial debt – short-term portion 273.6 273.6

-

273.6

- -

Trade payables

268.8 268.8 1,089.6 1,089.6 2,096.1 2,096.1

268.8 979.8

- -

Other current liabilities FINANCIAL LIABILITIES

1.4

108.4 108.4

-

-

1,310.6

672.5 4.6

part of its overall risk management policy and due to the substantial scale of its production activities in India and Poland. Derivative financial instruments 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 the income statement for the period. Income tax receivables and liabilities are not financial instruments.

Items measured at fair value through profit or loss, and derivative hedging instruments, are valued by reference to quoted interbank interest rates (Euribor, etc.) 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. Available-for-sale assets are recognised at fair value in the balance sheet. Financial debt is recognised at amortised cost using their 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

The profit and loss impact of these financial instruments is as follows:

31/12/2017

Breakdown by category of instrument

Loans, receivables and other debt

Fair value through profit or loss

Liabilities at amortised cost

Profit or loss impact

Available-for- sale assets

Derivatives

(in millions of euros)

Total interest income Total interest expense

6.7

- - - -

- - - -

6.7

-

- -

-11.8

- -

-11.8

Remeasurement

-1.6 -6.8

-

-1.6 -1.6

NET GAINS OR LOSSES

6.7

-11.8

173

SOPRA STERIA REGISTRATION DOCUMENT 2017