Sopra Steria - 2018 Registration document

2018 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Exposure to foreign exchange risk is as follows:

❙ COMMERCIAL TRANSACTIONS

GBP

EUR

USD MAD

TND Other

TOTAL

(in millions of euros)

Assets

39.6

42.6

7.7 4.1

3.2

0.2 3.7

0.1 0.9

93.5 22.9

Liabilities

1.2

2.6

10.4

Foreign currency commitments Net position before hedging

-

-

-

-

-

-

-

38.4 84.6

40.0 76.1

3.6 6.1

-7.2

-3.4 -2.5 -1.0

-0.8

70.5

Hedging instruments

-

-

164.4 -93.8

NET POSITION AFTER HEDGING

-46.2

-36.1

-2.5

-7.2

-0.8

❙ FINANCING

GBP

EUR

USD MAD

TND Other

TOTAL

(in millions of euros)

Assets

44.7 43.0

- - - - - -

1.0

6.6

- - - - - -

0.4

52.7 43.0

Liabilities

- -

- -

- -

Foreign currency commitments Net position before hedging

-

-

1.7

1.0

6.6

0.4

9.7

Hedging instruments *

166.7

-

-

-19.1 19.5

147.5

NET POSITION AFTER HEDGING

-165.0

1.0

6.6

-137.8

* Hedge of net investment in foreign currency.

❙ TOTAL (MARKET POSITIONS + FINANCING)

GBP

EUR

USD MAD

TND Other

TOTAL

(in millions of euros)

Assets

84.3 44.3

42.6

8.7 4.1

9.8

0.2 3.7

0.5 0.9

146.2

Liabilities

2.6

10.4

66.0

Foreign currency commitments Net position before hedging

-

-

-

-

-

-

-

40.0

40.0 76.1

4.6 6.1

-0.7

-3.4 -2.5 -1.0

-0.4

80.2

Hedging instruments

251.2

-

-19.1 18.7

311.9

NET POSITION AFTER HEDGING

-211.2

-36.1

-1.5

-0.7

-231.7

❙ SENSITIVITY ANALYSIS

GBP

EUR

USD MAD

TND Other

TOTAL

(in millions of euros)

Currency change assumption (appreciation)

5% 0.1

5% 0.5

5%

5%

5%

5%

NET IMPACT ON PROFIT

-

- -

-0.2

-

0.4

EQUITY IMPACT

-10.7

-2.3

-0.1

0.1

1.0

-12.0

11.5.5.Equity risk The Group does not hold any investments in equities or any significant equity interests in listed companies other than Axway Software shares accounted for under the equity method (see Note 9) and the shares in CS Communication et Systèmes (see Note 7.1.1). At 31 December 2018, the value of treasury shares recognised as a deduction against consolidated equity for the year was €27.6 million.

Given the limited number of treasury shares it holds (1.65% of the share capital), the Group is not materially exposed to equity risk. Furthermore, since the value of treasury shares is deducted from equity, changes in the share price have no impact on the consolidated income statement.

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SOPRA STERIA REGISTRATION DOCUMENT 2018