|
|
AUGUST 31, 2020 | AUGUST 31, 2019 | ||
|---|---|---|---|---|
| (in millions of euro) | CURRENT | NON-CURRENT | CURRENT | NON-CURRENT |
| Investments in non-consolidated companies - OCI |
|
|
|
|
| Carrying amount | Carrying amount AUGUST 31, 2020- |
Carrying amount AUGUST 31, 2019485 |
- | 896 |
| Financial assets related to the Benefits & Rewards Services activity, including restricted cash |
|
|
|
|
| Cost* | Cost * AUGUST 31, 20201 103 |
Cost * AUGUST 31, 2019- |
1 120 | - |
| Impairment | Impairment AUGUST 31, 2020- |
Impairment AUGUST 31, 2019- |
- | - |
| Carrying amount | Carrying amount AUGUST 31, 20201 103 |
Carrying amount AUGUST 31, 2019- |
1 120 | - |
| Receivables from investees |
|
|
|
|
| Cost | Cost AUGUST 31, 2020- |
Cost AUGUST 31, 201917 |
- | 17 |
| Impairment | Impairment AUGUST 31, 2020- |
Impairment AUGUST 31, 2019- |
- | - |
| Carrying amount | Carrying amount AUGUST 31, 2020- |
Carrying amount AUGUST 31, 201917 |
- | 17 |
| Loans and deposits |
|
|
|
|
| Cost | Cost AUGUST 31, 202040 |
Cost AUGUST 31, 2019115 |
59 | 103 |
| Impairment | Impairment AUGUST 31, 2020- |
Impairment AUGUST 31, 2019(15) |
- | (16) |
| Carrying amount | Carrying amount AUGUST 31, 202040 |
Carrying amount AUGUST 31, 2019100 |
58 | 86 |
| TOTAL FINANCIAL ASSETS | TOTAL FINANCIAL ASSETS AUGUST 31, 20201 143 |
TOTAL FINANCIAL ASSETS AUGUST 31, 2019601 |
1 178 | 999 |
| Cost | Cost AUGUST 31, 20201 143 |
Cost AUGUST 31, 2019647 |
1 178 | 1 022 |
| Impairment | Impairment AUGUST 31, 2020- |
Impairment AUGUST 31, 2019(46) |
- | (23) |
| Carrying amount | Carrying amount AUGUST 31, 20201 143 |
Carrying amount AUGUST 31, 2019601 |
1 178 | 999 |
* The split between financial assets at amortized cost and cash and cash equivalent is presented in note 12.6.
The Group holds 19.61% of the shares in Bellon SA, the Parent company of Sodexo S.A., carried at a value of 410 million euro. In accordance with IFRS 9, this financial asset is, as from September 1, 2018, measured at fair value through other comprehensive income. The method used for determining the fair value of this investment is described in note 12.6 “Financial instruments”.
Restricted cash corresponds to 770 million euro of “Financial assets related to the Benefits & Rewards Services activity” primarily in funds set aside to comply with regulations governing the issuance of service vouchers in France (353 million euro), Romania (175 million euro), China (58 million euro) and India (74 million euro). The funds remain the property of Sodexo but are subject to restrictions on their use. They may not be used for any purpose other than to reimburse affiliates and must be kept separate from the Group’s unrestricted cash. Restricted cash is invested in interest-bearing instruments.
Restricted cash and financial assets related to the Benefits & Rewards Services activity breaks down as follows by currency:
| (in millions of euro) | AUGUST 31, 2020 | AUGUST 31, 2019 |
|---|---|---|
| Euro | Euro AUGUST 31, 2020 470 |
Euro AUGUST 31, 2019 432 |
| U.S. dollar (USD) | U.S. dollar (USD) AUGUST 31, 2020 5 |
U.S. dollar (USD) AUGUST 31, 2019 5 |
| Brazilian real (BRL) | Brazilian real (BRL) AUGUST 31, 2020 211 |
Brazilian real (BRL) AUGUST 31, 2019 343 |
| Other currencies | Other currencies AUGUST 31, 2020 417 |
Other currencies AUGUST 31, 2019 340 |
| TOTAL RESTRICTED CASH AND FINANCIAL ASSETS RELATED TO THE BENEFITS & REWARDS SERVICES ACTIVITY | TOTAL RESTRICTED CASH AND FINANCIAL ASSETS RELATED TO THE BENEFITS & REWARDS SERVICES ACTIVITY AUGUST 31, 2020 1 103 |
TOTAL RESTRICTED CASH AND FINANCIAL ASSETS RELATED TO THE BENEFITS & REWARDS SERVICES ACTIVITY AUGUST 31, 2019 1 120 |
