Sopra Steria - 2019 Universal registration document

5 2019 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Outflows related to acquisitions of companies, recognised within Impact of changes in scope , were down €73.3 million. Those that took place in 2019 are described in Note 2.1 and presented in the following table:

31/12/2019

31/12/2018

(in millions of euros)

Cost of acquisitions paid (excluding earn-outs) Net debt/(Net cash) of acquired companies

-95.8

-182.0

-0.6 -1.9

13.2

Earn-outs

- - -

Disposal price for shares sold in consolidated equity investments

4.4 4.3

Cash transferred out/deconsolidated entities

TOTAL

-89.5

-168.8

In 2019, they included the acquisitions (see Note 2.1) of SAB, Sopra Financial Technology GmbH and NeoSpheres, as well as earn-outs on prior acquisitions, Apak and O.R. System. Conversely, the disposal of Sopra Steria Recruitment Ltd had a positive impact of €8.7 million. In 2018, acquisitions mainly comprised BLUECARAT and it-economics in Germany, and Apak and O.R. System by Sopra Banking Software.

Lastly, as the Group did not offer an employee share ownership programme in 2019, outflows related to the purchase and resale of treasury shares improved substantially. In 2018, the We Share employee share ownership programme involved the acquisition on the market of Sopra Steria Group shares for €22.3 million to satisfy plan requirements. As a result of these effects, net financial debt at 31 December 2019 decreased to €513.9 million, compared with €620.9 million at 31 December 2018.

Reconciliation of WCR with the cash flow statement 13.2. The impact of the components of the working capital requirement shown on the balance sheet on cash generation can be broken down as follows:

Change in WCR items without cash impact

Of which: Items not included in WCR

Of which: WCR items

Impact on cash flow statement

Net change

Foreign exchange

31/12/2019 31/12/2018

Other

(in millions of euros)

Other non-current financial assets

25.2

19.2

6.0

-2.4

8.4

0.2

4.3

-3.9

Other loans p

and receivables

23.0

14.6

8.4

-

8.4

0.2

4.3

-3.9

Other non-current p financial assets Non-current assets

2.2

4.5

-2.4

-2.4 -2.4

-

-

-

-

25.2

19.2

6.0

8.4

0.2 9.9 4.8 5.1 4.1

4.3 2.2 5.8 -3.6 6.8 9.1

-3.9 28.8 -20.5 49.3 -25.5

Trade accounts receivable

1,074.3

1,091.0

-16.7 31.1 -47.8 61.5 44.8

- - -

-16.7 31.1 -47.8 36.4 19.8

Trade receivables p Accrued income p

737.7 336.6 348.3

706.6 384.3 286.8

Other current receivables

25.1 25.1

Current assets

1,422.6 1,377.8

14.0

3.3

Non-current assets classified as held for sale

-

-

-

-

-

-

-

-

Total assets

1,447.8 1,397.0

50.9

22.7

28.1

14.1

13.4

-0.6

Retirement benefits and similar obligations – Liabilities Other long-term p employee benefits Other non-current liabilities Non-current liabilities

-10.2

-7.2

-3.1

-

-3.1

-

-3.4

-0.3

-10.2

-7.2

-3.1

-

-3.1 -1.3 -4.4 10.7

-

-3.4 -9.1

-0.3

-112.2 -122.4 -286.3

-99.9

-12.2

-10.9 -10.9

-4.5 -4.5 -4.9

-12.3 -12.6 -25.1

-107.1 -15.3

-12.5

Trade payables

-294.9

8.6

-2.0

-9.5

Advances and payments on account received for orders

-5.5

-3.8

-1.7

-

-1.7

-

-

1.7

Deferred income on client projects

-296.6

-256.1

-40.5

-

-40.5

-3.6

-9.8

27.1

209

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019

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