SOPRA_STERIA_REGISTRATION_DOCUMENT_2017
PARENT COMPANY FINANCIAL STATEMENTS Significant events
Income statement
2017
2016
(in thousands of euros)
Net revenue
1,456,888
1,393,280
Other operating income Operating income Purchases consumed
46,785
38,506
1,503,673
1,431,786
472,440 875,136
443,390 839,900
Staff costs
Other operating expenses
684
797
Taxes and duties
37,544 29,889
37,311 21,037
Depreciation, amortisation, provisions and impairment
Operating expenses
1,415,693 87,980 46,876 134,856 -16,552 16,314 141,770 7,152
1,342,435
Operating profit
89,351 38,862 128,213
Financial income and expenses
Pre-tax profit on ordinary activities Exceptional income and expenses Employee profit sharing and incentives
19,743 -9,302
Corporate income tax
3,368
NET PROFIT
142,022
NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS
1. Significant events
1.1. We Share 2017 employee share ownership plan On 19 January 2017, the Board of Directors decided to implement an employee share ownership plan reserved for employees of the Company and its majority-owned subsidiaries in France that are enrolled in the Group savings plan (PEG) as well as employees of the Company’s subsidiaries in Belgium, Denmark, Germany, Italy, Luxembourg, Morocco, the Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland and India that are enrolled in the international Group savings plan (PEGI). In the United Kingdom, a share incentive plan (SIP) has been put in place under the specific legal conditions. Employees were able to acquire Sopra Steria shares under a “conventional” purchase model and receive a matching employer contribution of one free share per share purchased, up to a maximum gross value of €3,000. The offer of Sopra Steria shares to Group employees was carried out via the transfer of existing treasury shares, bought back in advance by Sopra Steria under a share buyback programme authorised by the shareholders at the General Meeting of 22 June 2016.
Excluding the SIP, this Offer will involve 215,094 shares in the Company, corresponding to 107,547 shares purchased by employees and 107,547 free shares awarded as the employer’s matching contribution. Sopra Steria Group employees subscribed for 60,896 shares and received 60,896 shares as the employer’s matching contribution. In the Company’s full-year financial statements, the impact of this plan was as follows: p on balance sheet assets: • a reduction in Other financial investments in the amount of €7.490 million, • an increase in Cash and cash equivalents of €6.360 million. This change corresponds to the selling price of shares subscribed for by employees, net of the purchase price of treasury shares used to support the plan; p in the income statement: • a financial income item in the amount of €2.710 million, corresponding to the difference between the subscription price of the shares offered to employees and their acquisition cost; • a staff cost relating to the employer’s matching contribution of €6.265 million.
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SOPRA STERIA REGISTRATION DOCUMENT 2017
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