Sopra Steria - 2020 Universal registration document
6 2020 PARENT COMPANY FINANCIAL STATEMENTS Accounting policies
Accounting policies 3. The financial statements for the period under review were prepared and are presented in accordance with the accounting methods in force within the Group and in compliance with the principles laid down in articles 121–1 and 121-5 et seq. of France’s 2014 National Chart of Accounts (Plan Comptable Général). Accounting conventions have been applied in accordance with the provisions of the French Commercial Code and ANC Regulation 2019-09 on the revision of the national chart of accounts applicable at the period-end. Generally accepted accounting principles were applied on a prudent basis and in accordance with the following underlying assumptions: going concern basis; p consistency of accounting methods from one year to the next; p accrual basis; and p in accordance with general guidelines for the preparation and p presentation of parent company financial statements.
The Covid-19 crisis did not have any impact on the Company’s ability to continue as a going concern or on that of the Group to which it belongs. The Group’s going concern status is underpinned by the fact that it has arranged credit lines comfortably exceeding its requirements. No changes were made to accounting policies during the periods under review. Foreign currency income and expense items are recorded at their euro equivalent at the transaction date. Foreign currency receivables and payables are recorded in the balance sheet at their euro equivalent determined using the closing exchange rate. Any gains or losses arising on the retranslation of foreign currency receivables and payables are recorded in the balance sheet under Translation adjustments . The Company also prepares consolidated financial statements. The Group consists of Sopra Steria Group (the parent company) and its subsidiaries as well as the Group’s share in associates.
Notes to the income statement 4.
Operating income 4.1. ' + #*
REVENUE BREAKS DOWN AS FOLLOWS BY VERTICAL MARKET: ❙
24.2% 25.0% 17.4% 23.4% 7.5% 2.5%
24.8% 26.3% 18.1% 20.5% 7.4% 2.9%
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Of the €1,512.781 million of revenue generated in 2020, €98.619 million derived from international operations.
SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020
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