2017 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

12.3.Other cash flows Aside from the impact of changes in scope, cash flows from investing activities chiefly consisted of purchases of €45.3 million in property, plant and equipment (€40.1 million in 2016) and €16.9 million in intangible assets (€6.7 million in 2016), more than half of which were carried out in France (see Notes 8.2 and 8.3). In addition to new borrowings and repayments of existing borrowings (see Note 12.1), net cash generated by financing activities reflects the amounts raised from shareholders via capital increases. These correspond to the exercise of share subscription options. It also includes

the negative impact of €0.9 million from treasury share transactions under the We Share employee share ownership plan (positive impact of €9.8 million in 2016 due to the disposal of shares purchased in prior years and not bought back on the market at the time of the transaction), the payment of a €2.20 dividend per share (€1.70 per share in 2016), for a total amount of €44.5 million (€34.4 million in 2016) and the additional contributions in the amount of €21.0 million made to curtail the deficit of the defined-benefit pension plans (the same amount as in 2016), €20.8 million of which was allocated to the UK plans (€20.9 million in 2016).


13.1.Equity The consolidated statement of changes in equity is presented on page 133. 13.1.1.Changes in the share capital At 31 December 2017, Sopra Steria Group had a share capital of €20,547,701, compared with €20,531,795 at 31 December 2016. It is represented by 20,547,701 fully paid-up shares with a par value of €1 each. Movements during the 2017 financial year were as follows: p the creation and distribution of 10,906 free shares under the performance-linked free share plans put in place by Steria Group; p the exercise of share subscription options leading to the creation of 5,000 shares corresponding to a capital increase of €0.1 million and an issue premium of €2.2 million. 13.1.2.Transactions in treasury shares At 31 December 2017, the value of treasury shares recognised as a deduction from consolidated equity was €40.4 million, consisting of 319,992 shares, including 307,278 shares held by UK trusts falling within the consolidation scope and 12,714 shares acquired under the liquidity agreement.

All of the Sopra Steria Group shares held by the parent company or any of its subsidiaries are recognised at their acquisition cost, deducted from consolidated equity. 13.1.3.Dividends At Sopra Steria Group’s General Meeting of 13 June 2017, the shareholders resolved to distribute an ordinary dividend of €45.2 million in respect of financial year 2016, equating to €2.20 per share. The dividend was paid on 5 July 2017 for a total of €44.5 million, net of the dividend on treasury shares. The dividend paid in respect of the previous year was €34.8 million, equating to €1.70 per share. Upon approval of the financial statements for the year ended 31 December 2017, it is proposed that the shareholders agree to distribute an ordinary dividend of €2.40 per share, representing a total of €49.3 million. 13.1.4.Accumulated translation reserves In line with the principles described in Note 1.4.2.b, accumulated translation reserves include the gains or losses arising on translation from the functional currencies of the Group’s entities to the presentation currency as well as the currency hedging effects of net investments in foreign operations. Movements are recorded in Other comprehensive income . Accumulated translation reserves also reflect the translation effects of gains or losses on disposals of foreign operations.

At 31 December 2017, accumulated translation reserves by currency were as follows:



(in millions of euros)

Swiss franc



Pound sterling Indian rupee


-53.7 17.3


Norwegian krone


-8.8 -0.4

Polish zloty


Singapore dollar Tunisian dinar





US dollar

3.4 1.0


Other currencies





The “Other currencies” category mainly includes the accumulated translation reserves of associates, and chiefly Axway Software, in the amount of €4.0 million (€14.3 million at 31 December 2016).



Made with FlippingBook - Online catalogs