SOPRA_STERIA_REGISTRATION_DOCUMENT_2017

2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

NOTE 12 CASH FLOWS

12.1.Change in net financial debt

Proceeds from/ (Payments on) borrowings

Changes in scope

Translation adjustments

Other movements 31/12/2017

31 / 12 / 2016

(in millions of euros)

Bonds excluding accrued interest

187.0 240.5

-2.7

- - -

-

- - - - - - - - - - - - -

184.3 238.9

Bank borrowings excluding accrued interest Finance lease liabilities excluding accrued interest Other sundry financial debt excluding current accounts and accrued interest Financial debt in the cash flow statement

1.3

-2.9

14.7

-1.6

-

13.2

327.8 770.0

-94.4 -97.3 -18.1

0.4 0.4

-3.3 -6.2 -0.6

230.5 666.8

Current accounts

-

18.6

-

Accrued interest on financial debt

-2.2

1.4

-

-

-0.8

Financial debt excluding current bank overdrafts

767.7

-114.0

19.0

-6.8 -7.7 -6.5 -3.3

666.1

Current bank overdrafts Investment securities

-3.7

5.0

- -

-6.5 84.2 78.2

112.8 152.6 261.7 506.0

-22.1 -85.7

Cash

14.5 14.5

Net cash in the cash flow statement

-102.8

-17.5 10.7

155.9 510.1

NET FINANCIAL DEBT

-11.1

4.5

i.e. change in net financial debt

4.1

Net cash from operating activities derives from Operating profit on business activity , after deducting the depreciation, amortisation and the provisions it includes, which gives EBITDA , and other non-cash items adjusted for tax paid, restructuring and integration costs, and the change in the working capital requirement. It differs from Net cash from operating activities as shown in the consolidated cash flow statement presented in the financial statements on page 134, in that this caption includes the cash impact of Other financial income and expenses (see Note 11.1.2).

Free cash flow is defined as net cash from operating activities adjusted for the impact of purchases (net of disposals) of property, plant and equipment and intangible assets during the period, all financial income and expenses payable or receivable, and additional contributions paid to cover any deficits in certain defined-benefit pension plans. Adjusted for net cash generated by financing activities and the impact of exchange rate fluctuations on net debt, this explains the change in net financial debt.

182

SOPRA STERIA REGISTRATION DOCUMENT 2017