SOPRA_STERIA_REGISTRATION_DOCUMENT_2017

PARENT COMPANY FINANCIAL STATEMENTS Other information

Other off balance sheet commitments: As part of a cash pooling arrangement put in place in 2012 between certain Group entities and BMG (Bank Mendes Gans), the Company stood as guarantor for amounts borrowed by its subsidiaries. Sopra Steria Group also acts as guarantor for the amount of the contribution payable by its UK subsidiaries in respect of pension plans

in the event that those subsidiaries should default. Similarly, it acts as guarantor for the put option granted to the UK Cabinet Office to acquire the 25% participation not yet held in SSCL, in the event that the Sopra Steria Ltd subsidiary should default.

5.4. Retirement benefit obligations

5.4.1. AMOUNTS RECOGNISED IN THE BALANCE SHEET:

31/12/2017

(in thousands of euros)

Present value of the obligation financed (with corridor)

67,575

Fair value of plan assets

- -

Difference

Present value of the obligation financed Unrecognised actuarial losses (difference) Intercompany transfers and partial transfers of assets

67,575 -3,749

-

Unrecognised past service cost

-632

Net liability on the balance sheet (provision after charge for the year)

63,194

Balance sheet amounts

-

Liabilities

63,194

Assets

-

NET OBLIGATION IN THE BALANCE SHEET

63,194

5.4.2. AMOUNTS RECOGNISED IN THE INCOME STATEMENT:

31/12/2017

(in thousands of euros)

Current service cost Interest on obligation

5,141 1,119

Net actuarial losses recognised for the period

6

Past service cost

220

Losses/(gains) on curtailments and settlements Total recognised under Operating expenses

-

6,486

Actual return on plan assets

-

Net liability at the beginning of the period (with corridor)

57,888

Net expense recognised in the income statement

5,306

Contributions

- -

Intercompany transfers and partial transfers of assets NET LIABILITY AT THE END OF THE PERIOD

63,194

The calculation assumptions for this obligation were as follows: p each employee is entitled to retirement benefits; p the amount payable is calculated as set out in the collective bargaining agreement covering the category of employees in question;

p voluntary retirement age: 65; p salary increase rate: 2.5%; p discount rate: 1.77%.

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SOPRA STERIA REGISTRATION DOCUMENT 2017