The expense recognized in the Fiscal 2020 income statement for free shares is 39 million euro (33 million euro in Fiscal 2019).
The following table shows the headcount of Group employees:
| AUGUST 31, 2020 | AUGUST 31, 2019 | |
|---|---|---|
| TOTAL HEADCOUNT AS OF AUGUST 31 | TOTAL HEADCOUNT AS OF AUGUST 31 AUGUST 31, 2020 422,712 | TOTAL HEADCOUNT AS OF AUGUST 31 AUGUST 31, 2019 470,237 |
During Fiscal 2020, 38,000 Sodexo employees were let go segment-wide as a consequence of the pandemic.
The compensation, loans, post-employment benefits and other benefits granted to Board members, the Executive Committee, including the Group Chief Executive Officer of Sodexo in office as of August 31, 2020 and August 31, 2019 respectively for Fiscal 2020 and Fiscal 2019 comprise the following:
| (in euro) | FISCAL 2020 | FISCAL 2019 |
|---|---|---|
| Short-term benefits* | Short-term benefits *FISCAL 2020 16,410,877 | Short-term benefits *FISCAL 2019 15,429,580 |
| Post-employment benefits | Post-employment benefits FISCAL 2020 655,266 | Post-employment benefits FISCAL 2019 1,264,567 |
| Fair value of free shares at the grant date | Fair value of free shares at the grant date FISCAL 2020 - | Fair value of free shares at the grant date FISCAL 2019 14,022,288 |
* Short-term benefits correspond to compensations paid by the Group to Board members and to the Executive committee during Fiscal 2020 (including variable compensations of the prior year).
These benefits include directors’ compensation , and all forms of compensation and benefits paid (or earned during the period for offices held) by Bellon SA, Sodexo S.A. and/or other Sodexo Group companies.
Denis Machuel, Group Chief Executive Officer since January 23, 2018, is paid by Sodexo S.A. but does not have an employment contract with Sodexo S.A.
The Company has entered into non-compete clauses with the Group Chief Executive Officer and the members of the Executive Committee with a maximum term of 24 months in order to protect the Group by restricting their freedom to hold a position as employee or director, or carry out any consulting work, for any of Sodexo’s competitors, either directly or through another legal entity.
Any residual difference between the fair value of the consideration transferred (for example the amount paid), increased by the amount of the non-controlling interest in the acquired company (measured either at fair value or its share in the fair value of the identifiable net assets acquired) and the fair value as of the date of acquisition of the assets acquired and liabilities assumed, is recognized as goodwill in the statement of financial position.
The Group measures non-controlling interests on a case-by-case basis for each business combination either at fair value or based on their percentage interest in the fair value of identifiable net assets acquired.
