Sopra Steria - 2019 Universal registration document

5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

The sensitivity of the interest rate derivatives portfolio to a plus or minus 50-basis-point change in the euro yield curves at 31 December 2019 is as follows:

-50 bps

+50 bps

P&L impact (hedge ineffectiveness)

P&L impact (hedge ineffectiveness)

Equity impact

Equity impact

(in millions of euros)

Swaps (cash flow hedge) in euros

- - -

- - - - - - -

- - -

- - - - -

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

-0.6

1.8

Options eligible for hedge accounting in foreign currency Options not eligible for hedge accounting in foreign currency

- -

- -

0.1 0.1 1.9

TOTAL

-0.6

1.8

Total impact

-0.6

The total amount of gross borrowings subject to interest rate risk was €365.7 million. Interest rate hedges in force at 31 December 2019, reduced this exposure to €40.7 million. The Group’s residual exposure to interest rate risk is as follows:

Less than one year

1 to 2 years

2 to 3 years

3 to 4 years

4 to 5 years

More than 5 years

Rate 31/12/2019

(in millions of euros)

Fixed rate

-

-

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Investment securities

Floating rate Floating rate Fixed rate Floating rate Total financial assets

25.9

25.9

Cash and cash equivalents

171.7

171.7

-

-

197.5

197.5

Financial assets

197.5 -251.6 -161.8

197.5

-

-

-

-

-

Bonds

Fixed rate

-2.3

0.1

0.1

0.1

0.1

-249.7

Bank borrowings Bank borrowings

Floating rate

-22.7

-10.9 -60.5

-10.9

-117.2

- -

- -

Fixed rate

-61.8

-1.3

-

-

NEU CP (commercial paper) & MTN NEU CP (commercial paper) & MTN

Floating rate

-199.0

-185.0

-14.0

-

-

-

-

Fixed rate Fixed rate

-20.0 -12.4

-

- - - - -

-20.0

- - - - -

- - - - -

- - -

-12.4

- - - -

Other financial debt

Floating rate

- -

- - -

Fixed rate

Current bank overdrafts

Floating rate Fixed rate Floating rate Total financial liabilities FIXED RATE FLOATING RATE Fixed-rate payer swaps in euros Fixed-rate payer swaps in foreign currency Fixed-rate payer options

-4.9

-4.9 -3.6

-345.8 -365.7

-72.7 -24.9

0.1

-19.9

0.1

-249.7

-212.6

-10.9

-117.2

-

-

Financial liabilities (gross exposure before hedging) NET EXPOSURE BEFORE HEDGING

-711.4 -345.8 -168.1

-216.2

-97.7 -72.7 -24.9

-10.9

-137.1

0.1

-249.7

-3.6

0.1

-19.9

0.1 -249.7

-15.1

-10.9 -117.2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate hedging instruments GROSS EXPOSURE AFTER HEDGING

325.0

-

175.0

-

75.0

75.0

- - - - -

FIXED RATE

-670.8

-3.6 -247.7

0.1

-94.9 -42.2 -94.9 -42.2

-74.9

FLOATING RATE

-40.7 -212.6

150.1

-10.9

75.0

FIXED RATE

-670.8

-3.6 -247.7

0.1

-74.9

NET EXPOSURE AFTER HEDGING

FLOATING RATE

156.9

-15.1

150.1

-10.9

75.0

203

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019

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