Sopra Steria - 2020 Universal registration document

5 2020 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Other current assets 7.3.

31/12/2020

31/12/2019

26 5244276: 7/ .<97:

Inventories and work in progress Advances and payments on account

43.8

30.4

3.2 5.6

6.1 4.4

Staff and social security

Tax receivables (other than corporate income tax)

161.1

115.5 106.8

Corporate income tax

85.5

Loans, guarantees and other financial receivables maturing in less than one year

3.4

5.4

Other receivables

44.9 -1.0 62.8

17.9 -0.9 56.2

Impairment of other receivables

Prepaid expenses

Derivatives

1.2

6.6

(#(

Inventories and work in progress essentially result from the costs of

described in Note 4.1. Their increase results from the signature of

fulfilling contracts (transition phases of third-party application new contracts. maintenance, infrastructure management and outsourcing contracts; preparatory phases for licences in SaaS mode), as

Tax receivables include those relating to the CIR (R&D tax credit) in France.

Other non-current liabilities 7.4.

31/12/2020

31/12/2019

26 5244276: 7/ .<97:

Put options granted

84.3 17.3

77.3 31.2

Other liabilities – Non-current portion

Derivatives

2.4

3.7

(#(

In the United Kingdom, the put option granted by the Group to the Cabinet Office for the shares it holds in the SSCL joint venture, which may be exercised between 1 January 2022 and 1 January 2024, represented a non-current liability of €84.3 million at 31 December 2020 (€69.6 million at 31 December 2019). The Group also entered into an irrevocable commitment to acquire the shares held by minority shareholders in Tecfit – the holding company of Galitt, which was acquired in the second half of 2017 – by way of a put option granted to these shareholders. The corresponding non-current liability was €7.7 million at Put options granted to non-controlling interests When non-controlling interests have an option to sell their investment to the Group, a financial liability is recorded in other non-current liabilities for the present value of the option’s estimated exercise price. The offset of the financial liability generated by these commitments is deducted from: the corresponding amount of non-controlling interests p initially; and

31 December 2019. In 2020, it was recognised as a current liability (see Note 7.5). Finally, other non-current liabilities included a liability related to the acquisition of an operating licence as part of the fulfilment of a contract in the United Kingdom with a UK administration, for €0.7 million (€15.1 million at 31 December 2019), and also, in 2020, funding requirements for the Group’s investments in corporate venture funds, for €11.3 million (€10.0 million at 31 December 2019). At 31 December 2020, Derivatives consisted of interest rate and foreign currency hedges (see Notes 12.5.3 and 12.5.4). the Group’s share of consolidated reserves for the remainder. p Subsequent changes in this put option arising from changes in estimates or relating to the unwinding of discount are offset against the corresponding non-controlling interests and the remainder is deducted from the Group’s share of consolidated reserves.

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020