| AUGUST 31, 2021 | AUGUST 31, 2020 | |||
|---|---|---|---|---|
| (in millions of euro) | (in millions of euro)AUGUST 31, 2021 CURRENT | (in millions of euro)AUGUST 31, 2020NON-CURRENT | CURRENT | NON-CURRENT |
| Investments in non-consolidated companies | Investments in non-consolidated companiesAUGUST 31, 2021— | Investments in non-consolidated companiesAUGUST 31, 2020 643 |
— | 485 |
| Financial assets related to the Benefits & Rewards Services activity, including restricted cash | Financial assets related to the Benefits & Rewards Services activity, including restricted cashAUGUST 31, 20211,062 | Financial assets related to the Benefits & Rewards Services activity, including restricted cashAUGUST 31, 2020— | 1,103 | — |
| Cost* | Cost *AUGUST 31, 20211,062 |
Cost *AUGUST 31, 2020— |
1,103 | — |
| Impairment | Impairment AUGUST 31, 2021— |
Impairment AUGUST 31, 2020— |
— | — |
| Receivables from investees | Receivables from investeesAUGUST 31, 2021— | Receivables from investeesAUGUST 31, 202017 | — | 17 |
| Cost | Cost AUGUST 31, 2021— |
Cost AUGUST 31, 202017 |
— | 17 |
| Impairment | Impairment AUGUST 31, 2021— |
Impairment AUGUST 31, 2020— |
— | — |
| Loans and deposits | Loans and depositsAUGUST 31, 202139 | Loans and depositsAUGUST 31, 202075 | 40 | 100 |
| Cost | Cost AUGUST 31, 202139 |
Cost AUGUST 31, 2020104 |
40 | 115 |
| Impairment | Impairment AUGUST 31, 2021— |
Impairment AUGUST 31, 2020(29) |
— | (15) |
| Derivative financial instruments | Derivative financial instrumentsAUGUST 31, 202116 | Derivative financial instrumentsAUGUST 31, 2020— | 11 | 11 |
| FINANCIAL ASSETS | FINANCIAL ASSETSAUGUST 31, 20211,117 | FINANCIAL ASSETSAUGUST 31, 2020734 | 1,154 | 612 |
| Cost | Cost AUGUST 31, 20211,117 |
Cost AUGUST 31, 2020815 |
1,154 | 659 |
| Impairment | Impairment AUGUST 31, 2021— |
Impairment AUGUST 31, 2020(81) |
— | (46) |
* 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 481 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 773 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 (311 million euro), Romania (123 million euro), Belgium (104 million euro), India (99 million euro) and China (64 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, 2021 | AUGUST 31, 2020 |
|---|---|---|
| Euro | Euro AUGUST 31, 2021439 |
Euro AUGUST 31, 2020470 |
| U.S. dollar | U.S. dollar AUGUST 31, 20216 |
U.S. dollar AUGUST 31, 20205 |
| Brazilian real | Brazilian real AUGUST 31, 2021206 |
Brazilian real AUGUST 31, 2020211 |
| Other currencies | Other currencies AUGUST 31, 2021411 |
Other currencies AUGUST 31, 2020417 |
| 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 ACTIVITYAUGUST 31, 20211,062 | TOTAL RESTRICTED CASH AND FINANCIAL ASSETS RELATED TO THE BENEFITS & REWARDS SERVICES ACTIVITYAUGUST 31, 20201,103 |
