Sopra Steria - 2019 Universal registration document

2019 CONSOLIDATED FINANCIAL STATEMENTS 5 Notes to the consolidated financial statements

Notes to the consolidated financial statements

The Group’s consolidated financial statements for the year ended 31 December 2019 were approved by the Board of Directors at its meeting held on 9 April 2020. The notes to the financial statements form an integral part of the consolidated financial statements

Note 1

Accounting policies Basis of preparation

158 158 158 160

Leases Note 9

190 190

1.1. 1.2. 1.3. 1.4.

9.1. 9.2.

Right-of-use assets by category of leased assets Breakdown of lease liabilities by maturity

Application of new standards and interpretations Material estimates and accounting judgments Format of the financial statements and foreign

191

Note 10

Equity-accounted investments

191 191 191 193 193 194 194 194 195 195 197 199 207 207 209

currency translation

160

10.1. 10.2.

Net profit from associates

Carrying amount of investments in associates

Note 2

Scope of consolidation

161 162 163 164 164 165 165

2.1. 2.2.

Main acquisitions

Provisions and contingent liabilities Note 11

Other changes in scope

11.1. 11.2.

Current and non-current provisions

Contingent liabilities

Segment information Note 3

3.1. 3.2. 3.3.

Results by reporting unit

Note 12

Financing and financial risk management Financial income and expenses Cash and cash equivalents Financial debt – Net financial debt Derivatives reported in the balance sheet

Revenue by geographic area

12.1. 12.2. 12.3. 12.4. 12.5.

Non-current assets by geographic area

Operating profit Note 4

166 166

4.1. 4.2.

Breakdown of revenue by reporting unit Other operating income and expenses included

Financial risk management

in Operating profit

168

Note 13

Cash flows

13.1. 13.2. 13.3.

Change in net financial debt

Employee benefits and share-based payments Note 5

169 169 169 170 176 178 178 178 179 180 181 181 183 184 184 185

Reconciliation of WCR with the cash flow statement Other cash flows in the consolidated cash flow

5.1. 5.2. 5.3. 5.4. 5.5.

Staff costs Workforce

statement

210

Retirement benefits and similar obligations

Share-based payments

Note 14

Equity and earnings per share

210 210 212

Compensation of senior management (related parties)

14.1. 14.2.

Equity

Earnings per share

Corporate income tax Note 6

6.1. 6.2. 6.3.

Tax expense

Note 15

Related-party transactions

213

Reconciliation of statutory and effective tax expense

15.1.

Transactions with equity-accounted associates

and non-consolidated entities Subsidiaries and equity interests

213 213

Deferred tax assets and liabilities

15.2.

Note 7

Components of the working capital requirement and other financial assets and liabilities

Note 16

Off balance sheet commitments

213 213 214

7.1. 7.2. 7.3. 7.4. 7.5.

Other non-current financial assets Trade receivables and related accounts

16.1. 16.2.

Commitments given related to current operations

Commitments received

Other current assets

Other non-current liabilities Other current liabilities

Note 17

Subsequent events

214

Note 18

List of group companies

214

Property, plant and equipment Note 8 and intangible assets

185 185 187 189

Note 19

Statutory Auditors’ fees

217

8.1. 8.2. 8.3.

Goodwill

Other intangible assets

Property, plant and equipment

157

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019