Sopra Steria - 2019 Universal registration document

6 2019 PARENT COMPANY FINANCIAL STATEMENTS Notes to the income statement

The actual staff expense is not recognised until the date shares p are delivered under the plan. This expense is measured at the purchase cost of the free shares vested. For multi-year plans contingent upon performance and/or p attendance conditions, a provision for contingencies is set aside on a straight-line basis over the vesting period in recognition of the probable outflow of resources when the decision or intention

to award shares bought back is established. This provision is reassessed at each balance sheet date taking into account the opening cost of the shares on the date they were assigned to the plan or the cost of shares yet to vest, measured on the basis of the share price at the balance sheet date, and the probability that

the plans will be implemented at the stated terms.

AMOUNTS RECOGNISED IN THE INCOME STATEMENT ❙

31/12/2019

31/12/2018

(in thousands of euros)

Current service cost Interest on obligation

5,233 1,320

5,043 1,195

Past service cost

220

220

TOTAL RECOGNISED UNDER OPERATING EXPENSES Net liability at the beginning of the period (with corridor)

6,774 67,798 6,774 -1,402

6,458 63,193

Net expense recognised in the income statement

3,187

Benefits provided

-

Intercompany transfers and partial transfers of assets NET LIABILITY AT THE END OF THE PERIOD

-

1,417

73,170

67,798

RETIREMENT BENEFIT OBLIGATIONS: AMOUNT 4.2.3. RECOGNISED IN THE INCOME STATEMENT The calculation assumptions for this obligation were as follows: each employee is entitled to a retirement bonus; p the amount payable is calculated as set out in the collective p bargaining agreement covering the category of employees in question;

OTHER INFORMATION 4.2.4.

Workforce a. The average workforce in 2019 was 13,517 employees. The workforce at 31 December 2019 totalled 13,451 employees. Compensation of Directors and company officers b. Directors’ compensation paid in 2019 in respect of financial year 2018 amounted to €500 thousand. Compensation paid in 2019 to company officers totalled €1.015 million.

voluntary retirement age: 65; p salary increase rate: 2.50%; p staff turnover: 0% to 19.20%; p social security contribution rate: 44.50%; p discount rate: 0.87%. p

Financial items 4.3.

Notes 5.1.3.c

2019

2018

(in thousands of euros)

Dividends received from equity interests

52,510 -9,669

45,413 -10,396

Interest on bank borrowings and similar charges

Interest on employee profit-sharing Discounting of the pension provision

-36

-159

-1,320 2,193 -7,093 2,295 4,128 43,006

-1,195 2,114

Interest received and paid on Group current accounts

Positive and negative foreign exchange impact (including provision)

-557

5.1.3.b

Impairment of equity interests

-8,416 4,370 31,174

Other financial income and expenses

NET FINANCIAL INCOME

Foreign exchange gains and losses mainly arise from transactions carried out in pounds sterling and US dollars. During the financial year, this item was mainly affected by the revaluation of financial debt outstanding denominated in pounds sterling.

230

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2019