Sopra Steria - 2019 Universal registration document

5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Derivatives reported in the balance sheet 12.4.

31/12/2019

Breakdown by class of financial instrument

Assets and liabilities at fair value through profit or loss

Other items not consi-

Financial assets at fair value through OCI

Loans, recei- vables and other debt

Financial liabilities at amortised

dered as financial

Carrying amount

Fair value

instru- ments

cost Derivatives

(in millions of euros)

Non-current financial assets Trade accounts receivable

58.3

58.3

- - -

19.8

36.4

- - - - -

2.2

- -

1,074.3 1,074.3

- - - - - - - - -

1,074.3

-

Other current assets

348.3 197.5

348.3 197.5

234.9

6.6

106.8

Cash and cash equivalents FINANCIAL ASSETS

197.5

-

-

-

1,678.5 1,678.5 197.5

19.8 1,345.6

8.8 106.8

Financial debt – Long-term portion

494.4 112.2 217.1 286.3

494.4 112.2 217.1 286.3

- - - - - -

-

494.4

-

- - - -

Other non-current liabilities

108.4

-

3.7

Financial debt – Short-term portion Trade payables and related accounts

-

217.1

- -

286.3

- -

Other current liabilities FINANCIAL LIABILITIES

1,220.9 1,220.9 2,330.8 2,330.8

1,077.0

0.3

143.6

1,471.7 711.4

4.0 143.6

Items measured at fair value through profit or loss, and derivative hedging instruments, are valued by reference to quoted interbank interest rates (such as Euribor) and to foreign exchange rates set daily by the European Central Bank. All financial instruments in this category are financial assets and liabilities classified as such upon first recognition. Financial debt is recognised at amortised cost using the effective interest rate. Hedging instruments may be put in place to hedge against fluctuations in interest rates by swapping part of the Group’s floating-rate debt for fixed-rate debt.

The Group has entered into and continues to implement transactions designed to hedge its exposure to foreign currency risk through the use of derivatives, including exchange-traded futures and options as well as over-the-counter instruments with top-tier counterparties, as part of its overall risk management policy and due to the substantial scale of its production activities in India, Poland and Tunisia. Derivatives are recognised at fair value in the consolidated balance sheet. Changes in the fair value of derivatives not qualifying for hedge accounting are recognised directly in profit or loss for the period. Income tax receivables and liabilities are not financial instruments.

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019