Sopra Steria - 2020 Universal registration document

6 2020 PARENT COMPANY FINANCIAL STATEMENTS Notes to the balance sheet

Transaction risk As part of the Group’s general risk management policy, Sopra Steria Group systematically hedges against foreign currency transaction risks that constitute material risks. In addition, centralised management of foreign exchange transaction risk is in place with the Group’s main entities (apart from India). Sopra Steria Group acts as the centralising entity, granting exchange rate guarantees to subsidiaries in pounds sterling, US dollars, Polish zlotys, Tunisian dinars and Norwegian krone. After netting internal exposures, Sopra Steria Group hedges the residual exposure through the use of derivatives. The remeasurement through profit or loss of these financial instruments hedging balance sheet items is offset by the revaluation of foreign currency receivables over the period.

At 31 December 2020, the fair value of foreign exchange instruments was €0.257 million. The portfolio’s sensitivity in the event of a change in interest rates is: an increase of €2.246 million in the event of a 5% fall in the p euro; a decrease of €1.975 million in the event of a 5% rise in the p euro. Foreign exchange risk At 31 December 2020, sterling-denominated debt providing partial coverage of the assets comprised of shares in UK subsidiaries amounted to €184.638 million, while cash and cash equivalents in Swedish krona providing partial coverage of the debt of subsidiaries in Sweden came to €19.063 million.

All of the foreign exchange and interest rate positions are taken active markets or values provided by banks. Gains or losses arising using listed financial instruments traded over the counter or on derivatives used to hedge forecast transactions with separately through organised markets with minimal counterparty risk. Gains identifiable risks are deferred and taken into account in the and losses on financial instruments accounted for as hedges are valuation of the transaction in question, which occurs when it is recognised symmetrically with the items hedged. The fair value of settled. financial instruments is estimated on the basis of quoted prices in

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2020

2019

26 ;17<:*6-: 7/ .<97:

Non-Group suppliers and related accounts

18,127 50,079 53,028

34,450 59,916 50,925

Accrued expenses

Group suppliers (including accrued expenses)

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) - # ($ ! ( *' ). % . ! (

2020

2019

26 ;17<:*6-: 7/ .<97:

Staff costs and related accounts

86,800 105,588

97,581 108,746

Social security

State and local authorities Corporate income tax p

-

-

Value-added tax p

82,814 11,550

95,849 12,228

Other tax p

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2020

2019

26 ;17<:*6-: 7/ .<97:

Payables on fixed assets and related accounts

11,524 302,985 35,876 84,867

10,268 237,289 29,896 89,089

Group and associates

Other payables Deferred income

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251

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2020

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