Sopra Steria - 2020 Universal registration document

5 2020 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements

Outflows related to acquisitions of companies, recognised within Impact of changes in scope , were stable, totalling €97.5 million. Those that took place in 2020 are described in Note 2.1 and break down as follows:

Financial year 2020

Financial year 2019

26 5244276: 7/ .<97:

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

-103.4

-95.8

5.9

-0.6 -1.9

Earn-outs

- -

Disposal price for shares sold in consolidated equity investments

4.4 4.3

Cash transferred out/Deconsolidated entities

-0.0

(#(

In 2020, they mainly included the acquisitions of Sodifrance and Fidor Solutions, and the exercise of the put option for SAB shares. In 2019, they included the acquisitions 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. As a result of these effects, net financial debt at 31 December 2020 decreased to €425.6 million, compared with €513.9 million at 31 December 2019.

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

Of which: Items not included in WCR

Change in WCR items without cash impact Foreign exchange Other

Of which: WCR items

Impact on cash flow statement

Net change

31/12/2020 31/12/2019

26 5244276: 7/ .<97:

Other non-current financial assets Other loans and receivables p Other non-current financial p assets

36.7 36.4

25.2 23.0

11.5 13.3

-1.9

13.3 13.3

-0.3 -0.3

18.0 18.0

4.3 4.3

-

0.3

2.2

-1.9

-1.9 -1.9

-

-

-

-

Non-current assets

36.7

25.2

11.5

13.3

-0.3

18.0

4.3

Trade receivables and related accounts

954.6 1,074.3 -119.7

- - -

-119.7 -130.1

-12.2

-3.0 11.4 -14.3 12.2

104.6 135.1 -30.5 -82.4

Trade receivables p Accrued income p

607.6 346.9 410.6

737.7 -130.1

-6.4 -5.8 -3.7

336.6 348.3

10.4 62.2

10.4 90.9

Other current receivables

-28.7 -28.7

Current assets (#( '' ('

1,365.1 1,422.6

-57.5

-28.8

-15.9

9.2

22.1

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

-10.2

-10.2

0.0

-

0.0

0.6

-1.5

-0.9

-10.2

-10.2

0.0 8.1 8.1 7.7

-

0.0 9.4 9.4 6.0

0.6 4.9 5.5 -2.3

-1.5 4.5 3.1 2.9

-0.9 -0.0 -0.9 -5.4

-104.1 -114.3 -278.6

-112.2 -122.4 -286.3

-1.4 -1.4

Non-current liabilities

Trade payables

1.7

Advances and payments on account received for orders

-22.3

-5.5

-16.8 -31.6 102.2 61.5

- -

-16.8 -31.6 79.5 37.1

0.1 4.8 7.7

-0.0

16.9 36.6 -30.6 17.5

Deferred income on client projects

-328.2 -816.6

-296.6 -918.8

0.3

Other current liabilities Current liabilities (#( ( '

22.7 24.4

41.2 44.4

-1,445.7 -1,507.2

10.2

(#( + &

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SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020