Sopra Steria - 2020 Universal registration document

5 2020 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Workforce 5.2.

Financial year 2020

Financial year 2019

Workforce at period-end

France

19,759 26,201

19,502 26,743

International

(#(

Financial year 2020

Financial year 2019

Average workforce

France

19,549 26,667

19,513 26,542

International

(#(

Retirement benefits and similar obligations 5.3. Retirement benefits and similar obligations break down as follows :

31/12/2020

31/12/2019

26 5244276: 7/ .<97:

Post-employment benefit assets Post-employment benefit liabilities Net post-employment benefits Other long-term employee benefits

-3.1

-2.0

383.2 380.1

341.8 339.7

10.2

10.2

(#(

Post-employment benefits 5.3.1. Post-employment benefits mainly concern the Group’s obligations towards its employees to provide retirement bonuses in France (42.6% of the Group’s total obligations) and defined-benefit pension plans in the United Kingdom (38.8% of the Group’s total obligations) and Germany (17.2%). For marginal amounts, they also include end-of-contract bonuses in certain countries in Africa, as well as a defined-benefit plan in Belgium. At 31 December 2020 they totalled €380.1 million, versus €339.7 million at 31 December 2019. In the United Kingdom, the Group has five post-employment defined-benefit plans. During financial year 2020, members of three existing plans were transferred and pooled together in a new sixth plan. The remaining members will be transferred during financial year 2021. The obligations under each plan are asset-funded. Three of these plans are closed to all new employees and the vesting of future benefits has ceased. For each plan, the benefits payable are primarily based on the plan member’s final salary or, in certain cases, an average of the member’s salary and any additional benefits. Each plan holds its assets in a trust fund for employees and is supervised by the regulating body defined in UK pension law. The plan trustees are corporate trustees whose directors include representatives of the plan members, representatives of the Company and independent members. External consultants are hired by the trustees to manage the plans on a day-to-day basis and deal

with legal, investment policy and actuarial matters. Under UK law, the plans must be assessed every three years. This assessment is used as a basis to determine the contributions payable by the employer to the funds. It was completed in 2020 The creation of a new plan on 1 February 2020 through the merger of three existing plans will simplify the administration of these post-employment benefit plans. Accordingly, a further assessment will be required within 12 months, which was scheduled for 31 December 2020. This will establish an agreement on the level of contributions to be paid. It will then have to be approved by the trustees by 31 March 2022. inflation, to which pension benefits are indexed, although this p risk is limited by the use of inflation-indexed financial instruments; interest rates insofar as the future cash outflows are discounted, p although this risk is limited by the use of interest rate hedging instruments; changes in demographic assumptions such as mortality. p These plans distinguish between active members who are still vesting benefits, members who are still working but whose benefits are frozen, and retired members. These three member categories represent 4.1%, 54.9% and 41.0%, respectively, of total obligations. The risks associated with these plans relate to: asset management; p

175

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020