Sopra Steria - 2019 Universal registration document

5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Following the arrangement in July 2019 of a €250 million Euro PP fixed-rate bond issue with maturities of 7 and 8 years, the Group restructured its portfolio of interest rate hedges to secure lower rates over longer maturities, as detailed below:

Fair value

31/12/2019

Maturity

Non- current assets

Non- current liabilities

Current assets

Current liabilities

Notional amount*

1 to 5 years> 5 years

< 1 year

(in millions of euros)

Swap (cash flow hedge) in euros

- -

- -

- -

- -

- -

- -

- -

- -

Swap (cash flow hedge) in foreign currency Options eligible for hedge accounting in euros Options eligible for hedge accounting in foreign currency Swaps not eligible for hedge accounting in euros Options not eligible for hedge accounting in euros

0.8

-

1.7

-

275.0

-

275.0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.0 0.8

- -

0.2 1.9

- -

50.0

- -

50.0

- -

TOTAL INTEREST RATE HEDGES

325.0

325.0

Excluding the notional amount of the swaption. (*)

The remeasurement of these financial instruments in equity is recognised in Other comprehensive income. The remeasurement of these financial instruments in profit or loss is recognised in Other financial income and expenses. The profit or loss and equity impacts of the Group’s interest rate hedging instruments are as follows:

Balance sheet amounts

Changes in fair value

Changes in fair value

Changes in scope

Other changes 31/12/2019

Equity impact

31/12/2018

Profit or loss impact

Ineffective portion of cash flow hedges

Fair value hedges

Trading

(in millions of euros)

Swap (cash flow hedge) in euros Swap (cash flow hedge) in foreign currency Options eligible for hedge accounting in euros Options eligible for hedge accounting in foreign currency Swaps not eligible for hedge accounting in euros

-0.3

0.3

-

-

-

0.3

-

-

-

-

-

-

-

-

-

-

-

-

-1.3

0.4

-

-

-1.0

0.3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Options not eligible for hedge accounting in foreign currency TOTAL PRE-TAX IMPACT

-0.2

-

-

-

-0.2

-

-

-

-

-1.8

0.7

-

-

-1.2

0.6

-

-

-

202

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019

Made with FlippingBook - Online catalogs