Dividends
| AUGUST 31, 2021 | AUGUST 31, 2021 | |
|---|---|---|
| Dividends paid (in millions of euro) | Dividends paid (in millions of euro)AUGUST 31, 2021— |
Dividends paid (in millions of euro)AUGUST 31, 2021425 |
| Dividend per share paid (in euro) | Dividend per share paid (in euro)AUGUST 31, 2021— |
Dividend per share paid (in euro)AUGUST 31, 20212.90 |
Sodexo's bylaws confer double voting rights on shares held in registered form for more than four years.
Furthermore, since Fiscal 2013, shares held in registered form for at least four years and still held in that form when the dividend becomes payable, are entitled to a dividend premium equal to 10% of the dividend paid on the other shares. The number of shares eligible for this dividend premium may not exceed 0.5% of the share capital for any single shareholder.
Items recognized directly in Other Comprehensive Income (OCI) (Group share) are shown below:
| FISCAL 2021 | FISCAL 2020 | |||||
|---|---|---|---|---|---|---|
| (in millions of euro) | INCREASE/ (DECREASE) DURING THE YEAR, PRE-TAX | INCOME TAX (EXPENSE)/ BENEFIT | INCREASE/ (DECREASE) DURING THE YEAR, NET OF TAX | INCREASE/ (DECREASE) DURING THE YEAR, PRE-TAX | INCOME TAX (EXPENSE)/ BENEFIT | INCREASE/ (DECREASE) DURING THE YEAR, NET OF TAX |
| Financial assets measured at fair value through other comprehensive income(1) | Financial assets measured at fair value through other comprehensive income (1)FISCAL 202198 |
Financial assets measured at fair value through other comprehensive income (1)FISCAL 2020(2) |
96 | (383) | 9 | (374) |
| Share of other components of comprehensive income/(loss) of companies accounted for using the equity method | Share of other components of comprehensive income/(loss) of companies accounted for using the equity method FISCAL 20213 |
Share of other components of comprehensive income/(loss) of companies accounted for using the equity method FISCAL 2020— |
3 | 2 | — | 2 |
| Remeasurements of net defined benefit obligation | Remeasurements of net defined benefit obligation FISCAL 202115 |
Remeasurements of net defined benefit obligation FISCAL 2020(1) |
14 | 39 | (9) | 30 |
| Currency translation adjustment | Currency translation adjustment FISCAL 2021118 |
Currency translation adjustment FISCAL 2020— |
118 | (502) | — | (502) |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (GROUP SHARE) | TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (GROUP SHARE)FISCAL 2021233 | TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (GROUP SHARE)FISCAL 2020(3) | 231 | (844) | — | (844) |
(1) See note 12.3.
Sodexo takes a long-term view in managing its capital structure, with the objective of ensuring the Group’s liquidity, optimizing its financial structure and allowing shareholders to benefit from its strong cash flow generation.
Contributing to decisions made may be objectives for earnings per share or estimated future cash flows, or for balancing various components of the consolidated statement of financial position in order to meet the net debt criteria defined by Group management and communicated to the marketplace.
The table below presents the calculation of basic and diluted earnings per share :
| FISCAL 2021 | FISCAL 2020 | |
|---|---|---|
| Profit for the year attributable to equity holders of the parent (in millions of euro) | Profit for the year attributable to equity holders of the parent (in millions of euro)FISCAL 2021139 |
Profit for the year attributable to equity holders of the parent (in millions of euro)FISCAL 2020(315) |
| Basic weighted average number of shares | Basic weighted average number of shares FISCAL 2021146,004,484 |
Basic weighted average number of shares FISCAL 2020145,778,963 |
| Basic earnings per share(1) (in euro) | Basic earnings per share(1) (in euro) FISCAL 20210.95 |
Basic earnings per share(1) (in euro) FISCAL 2020(2.16) |
| Average dilutive effect of free share plans | Average dilutive effect of free share plans FISCAL 20211,618,597 |
Average dilutive effect of free share plans FISCAL 20202,141,538 |
| Diluted weighted average number of shares | Diluted weighted average number of shares FISCAL 2021147,623 081 |
Diluted weighted average number of shares FISCAL 2020147,920,501 |
| Diluted earnings per share(1)(2) (in euro) | Diluted earnings per share(1)(2) (in euro)FISCAL 20210.94 | Diluted earnings per share(1)(2) (in euro)FISCAL 2020(2.16) |
(1) Basic and diluted earnings per share do not reflect the effect of the dividend premium to be paid on certain registered shares meeting the criteria described in note 11.1. Based on the number of registered shares as of August 31, 2021 , such shares total 8,963,835 (9,822,658 as of August 31, 2020 ).
(2) The net income being negative in Fiscal 2020 , the restricted shares granted were not deemed dilutive.
