Sopra Steria - 2020 Universal registration document

5 2020 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Carrying amount of investments in associates 10.2. The carrying amount of investments in associates consisted mainly of the value of Axway Software shares. This latter changed as follows:

Axway Software shares

Carrying amount

Gross value

Impairment

26 5244276: 7/ .<97:

31 December 2018

195.1

- - - - - - - - - - - - - - - - - -

195.1

Changes in scope

- -

- -

Share capital transactions

Dividends paid

-2.8

-2.8

Net profit

1.8 0.9 0.0

1.8 0.9 0.0

Translation adjustments Changes in shareholding

Disposal

-

-

Other movements 31 December 2019

0.0

0.0

195.0

195.0

Changes in scope

-

-

Share capital transactions

0.2

0.2

Dividends paid

-

-

Net profit

2.7

2.7

Translation adjustments Changes in shareholding

-6.6 -0.7

-6.6 -0.7

Disposal

-

-

Other movements ! &

1.4

1.4

At 31 December 2020, Sopra Steria Group held a 32.38% stake, returns from this subsidiary. As such, the Group exerts a significant versus 32.57% at 31 December 2019. This stake does not give the influence and reviews this situation each financial year. In 2020, no Group a controlling interest in this subsidiary and does not allow it events or developments occurred that changed this situation. to involve itself in the running of business or influence variable

Their recoverable amount is estimated as follows:

31/12/2020

31/12/2019

26 5244276: 7/ .<97:

Market value (Category 1)* Market value less costs to sell

186.7 182.9 234.2

85.7 84.0

Value in use

207.4

DCF calculation parameters: - Discount rate p - Perpetual growth rate p & #* & !#)"(

8.6% 2.2%

9.5% 2.0%

Since Axway Software’s shares are listed, their fair (market) value less costs of disposal is equal to market price less costs to sell, which (*) constitutes the Level 1 fair value under IFRS.

Their value in use – the higher of the two values used to determine the recoverable amount – supports the carrying amount of the equity-accounted Axway Software shares at 31 December 2020. The Group tested 0.5-point changes in its assumptions, all other things being equal. Based on this test, neither a 0.5-point increase

in the discount rate, nor a 0.5-point decrease in the perpetual growth rate, nor the combination of these two factors would lead to an impairment loss. This test is based on the judgement of management and was developed within the context of uncertainties inherent in the transformation of Axway Software’s business model.

197

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020

Made with FlippingBook - Online catalogs