Sopra Steria : Annual Financial Tables

Consolidated statement of financial position

31/12/2020	31/12/2019
ASSETS (in millions of euros)
Goodwill	1 843,2	1 813,9
Intangible assets	232,90	272,90
Property, plant and equipment	132,50	143,40
Right-of-use assets	290,30	320,40
Equity-accounted investments	193,40	195,00
Other non-current assets	74,00	58,30
Retirement benefits and similar obligations	3,10	2,00
Deferred tax assets	156,70	120,00
Non-current assets	2 926,1	2 926,0
Trade accounts receivable	954,60	1 074,3
Other current assets	410,60	348,30
Cash and cash equivalents	245,50	197,50
Current assets	1 610,7	1 620,1
Assets held for sale	-	-
TOTAL ASSETS	4 536,7	4 546,2
31/12/2020	31/12/2019
LIABILITIES AND EQUITY (in millions of euros)
Share capital	20,50	20,50
Share premium	531,50	531,50
Consolidated reserves and other reserves	845,80	820,70
Equity attributable to the Group	1 397,8	1 372,7
Non-controlling interests	47,60	49,50
TOTAL EQUITY	1 445,4	1 422,2
Financial debt - Non-current portion	564,50	494,40
Lease liabilities - Non-current portion	226,20	257,20
Deferred tax liabilities	43,30	22,00
Retirement benefits and similar obligations	393,40	352,00
Non-current provisions	89,40	62,30
Other non-current liabilities	104,10	112,20
Non-current liabilities	1 421,1	1 300,0
Financial debt - Current portion	106,60	217,10
Lease liabilities - Current portion	91,30	84,90
Current provisions	26,60	14,80
Trade payables and related accounts	278,60	286,30
Other current liabilities	1 167,1	1 220,9
Current liabilities	1 670,2	1 823,9
Liabilities held for sale	-	-
TOTAL LIABILITIES	3 091,3	3 124,0
TOTAL LIABILITIES AND EQUITY	4 536,7	4 546,2

Consolidated statement of net income

Financial year	Financial year
(in millions of euros)	2020	2019
Revenue	4 262,9	4 434,0
Staff costs	- 2 677,7	- 2 668,5
Purchases and external expenses	- 1 062,0	- 1 234,5
Taxes and duties	-38,8	-32,5
Depreciation, amortisation, provisions and impairment	-189,0	-157,9
Other current operating income and expenses	4,8	13,7
Operating profit on business activity	300,2	354,3
as % of revenue	7,0%	8,0%
Expenses related to stock options and related items	-4,2	-11,1
Amortisation of allocated intangible assets	-34,8	-28,9
Profit from recurring operations	261,2	314,2
as % of revenue	6,1%	7,1%
Other operating income and expenses	-58,9	-31,0
Operating profit	202,3	283,2
as % of revenue	4,7%	6,4%
Cost of net financial debt	-9,9	-9,9
Other financial income and expenses	-15,4	-14,7
Tax expense	-60,4	-87,3
Net profit from associates	2,3	1,8
Net profit from continuing operations	118,9	173,1
Net profit from discontinued operations	-	-
Consolidated net profit	118,9	173,1
as % of revenue	2,8%	3,9%
Non-controlling interests	12,2	12,7
NET PROFIT ATTRIBUTABLE TO THE GROUP	106,8	160,3
as % of revenue	2,5%	3,6%
Financial year	Financial year
EARNINGS PER SHARE in euros	2020	2019
Basic earnings per share	5,27	7,92
Diluted earnings per share	5,25	7,88

Consolidated statement of changes in net debt

Financial year 2020	Financial year 2019
(in millions of euros)
Operating profit on business activity	300,2	354,3
Depreciation, amortisation and provisions (excluding allocated intangible assets)	187,4	159,3
EBITDA	487,6	513,6
Non-cash items	7,3	-3,9
Tax paid	-82,9	-81,0
Impairment of current assets	-0,6	0,9
Change in operating WCR	72,5	25,3
Reorganisation and restructuring costs	-82,2	-32,7
Net cash flow from operating activities	401,7	422,2
Payments relating to investments in property, plant and equipment and intangible assets	-53,6	-49,8
Proceeds from sale of property, plant and equipment and intangible assets	0,4	0,1
Net change from investment activities involving property, plant and equipment and	-53,2	-49,7
intangible assets
Lease payments	-109,4	-109,8
Net interest (including interest on lease liabilities)	-10,0	-9,3
Additional contributions related to defined-benefit pension plans	-25,5	-24,1
Free cash flow	203,5	229,3
Impact of changes in scope	-97,5	-89,5
Impact of payments relating to non-current financial assets	-3,5	-7,4
Impact of receipts relating to non-current financial assets	1,5	4,7
Dividends paid	-4,3	-39,9
Dividends received	0,0	2,9
Capital increases	0,0	0,0
Purchase and sale of treasury shares	-10,9	-2,8
Other cash flows relating to investing activities	-	-
Net cash flow	88,8	97,4
Impact of changes in foreign exchange rates	-0,4	-7,3
Impact of changes in accounting policies (IFRS 16)	-	16,9
CHANGE IN NET FINANCIAL DEBT	88,4	107,0
Cash and cash equivalents - Beginning of period	192,6	159,8
Non-current financial debt - Beginning of period	-494,4	-338,3
Current financial debt - Beginning of period	-212,2	-442,4
Net financial debt - Beginning of period	-513,9	-620,9
Cash and cash equivalents - End of period	245,0	192,6
Non-current financial debt - End of period	-564,5	-494,4
Current financial debt - End of period	-106,1	-212,2
Net financial debt at the end of the period	-425,6	-513,9
CHANGE IN NET FINANCIAL DEBT	88,3	107,0

Consolidated cash flow statement

Financial year	Financial year
(in millions of euros)	2020	2019
Consolidated net profit (including non-controlling interests)	118,9	173,1
Net increase in depreciation, amortisation and provisions	236,7	199,8
Unrealised gains and losses related to changes in fair value	5,6	-2,2
Expenses and income related to stock options and related items	4,3	9,1
Gains and losses on disposal	0,5	-6,5
Share of net profit/(loss) of equity-accounted companies	-2,3	-1,8
Cost of net financial debt (including interest on lease liabilities)	17,5	19,8
Tax expense	60,4	87,3
Cash from operations before change in working capital requirement (A)	441,6	478,6
Tax paid (B)	-82,9	-81,0
Change in operating working capital requirement (C)	43,0	25,3
Net cash from operating activities (D) = (A +B +C)	401,7	422,9
Purchase of property, plant and equipment and intangible assets	-53,6	-49,8
Proceeds from sale of property, plant and equipment and intangible assets	0,4	0,1
Purchase of non-current financial assets	-2,6	-5,1
Proceeds from sale of non-current financial assets	-	3,6
Cash impact of changes in scope	-76,1	-62,8
Dividends received (equity-accounted companies, non-consolidated securities)	-	2,9
Proceeds from/(Payments on) loans and advances granted	0,6	-1,2
Net interest received	-	0,1
Net cash from/(used in) investing activities (E)	-131,4	-112,2
Proceeds on the exercise of stock options	-	-
Purchase and sale of treasury shares	-10,9	-2,8
Dividends paid to shareholders of the parent company	-	-37,6
Dividends paid to the minority interests of consolidated companies	-4,3	-2,3
Proceeds from/(Payments on) borrowings	-53,7	-72,3
Lease payments	-109,4	-109,8
Net interest paid (excluding interest on lease liabilities)	-9,4	-11,3
Additional contributions related to defined-benefit pension plans	-25,5	-24,1
Other cash flows relating to financing activities	0,1	-15,2
Net cash from/(used in) financing activities (F)	-213,1	-275,2
Impact of changes in foreign exchange rates (G)	-4,8	-2,6
NET CHANGE IN CASH AND CASH EQUIVALENTS (D +E +F+G)	52,3	32,8
Opening cash position	192,6	159,8
Closing cash position	245,0	192,6