Fiscal 2021 Universal Registration Document

12.3.2 Changes in current and non-current financial assets excluding derivative financial instruments

					CHANGE IN FAIR VALUE
CARRYING AMOUNT (in millions of euro)	AUGUST 31, 2020	INCREASE/ (DECREASE) DURING THE PERIOD	IMPAIRMENT	CHANGE IN SCOPE OF CONSOLIDATION	INCOME	OCI	CURRENCY TRANSLATION ADJUSTMENT AND OTHER	AUGUST 31, 2021
Investments in non-consolidated companies	Investments in non-consolidated companies 485	Investments in non-consolidated companies 64	Investments in non-consolidated companies 1	Investments in non-consolidated companies (1)	Investments in non-consolidated companies CHANGE IN FAIR VALUE —	Investments in non-consolidated companies 98	Investments in non-consolidated companies (3)	643
Financial assets related to the Benefits & Rewards Services activity, including restricted cash	Financial assets related to the Benefits & Rewards Services activity, including restricted cash 1,103	Financial assets related to the Benefits & Rewards Services activity, including restricted cash (45)	Financial assets related to the Benefits & Rewards Services activity, including restricted cash —	Financial assets related to the Benefits & Rewards Services activity, including restricted cash (1)	Financial assets related to the Benefits & Rewards Services activity, including restricted cash CHANGE IN FAIR VALUE —	Financial assets related to the Benefits & Rewards Services activity, including restricted cash (5)	Financial assets related to the Benefits & Rewards Services activity, including restricted cash 10	1,062
Receivables from investees	Receivables from investees 17	Receivables from investees (1)	Receivables from investees —	Receivables from investees —	Receivables from investees CHANGE IN FAIR VALUE —	Receivables from investees —	Receivables from investees 1	17
Loans and deposits	Loans and deposits 140	Loans and deposits (10)	Loans and deposits (15)	Loans and deposits —	Loans and deposits CHANGE IN FAIR VALUE —	Loans and deposits —	Loans and deposits 1	114
FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS 1,744	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS 7	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS (14)	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS (2)	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTSCHANGE IN FAIR VALUE—	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS 93	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS 8	1,835

					CHANGE IN FAIR VALUE
CARRYING AMOUNT (in millions of euro)	AUGUST 31, 2019	INCREASE/ (DECREASE) DURING THE PERIOD	IMPAIRMENT	CHANGE IN SCOPE OF CONSOLIDATION	INCOME	OCI	CURRENCY TRANSLATION ADJUSTMENT AND OTHER	AUGUST 31, 2020
Investments in non-consolidated companies	Investments in non-consolidated companies 896	Investments in non-consolidated companies 3	Investments in non-consolidated companies —	Investments in non-consolidated companies 3	Investments in non-consolidated companies CHANGE IN FAIR VALUE —	Investments in non-consolidated companies (384)	Investments in non-consolidated companies (33)	485
Financial assets related to the Benefits & Rewards Services activity, including restricted cash	Financial assets related to the Benefits & Rewards Services activity, including restricted cash 1,120	Financial assets related to the Benefits & Rewards Services activity, including restricted cash 93	Financial assets related to the Benefits & Rewards Services activity, including restricted cash —	Financial assets related to the Benefits & Rewards Services activity, including restricted cash —	Financial assets related to the Benefits & Rewards Services activity, including restricted cash CHANGE IN FAIR VALUE —	Financial assets related to the Benefits & Rewards Services activity, including restricted cash —	Financial assets related to the Benefits & Rewards Services activity, including restricted cash (110)	1,103
Receivables from investees	Receivables from investees 17	Receivables from investees —	Receivables from investees —	Receivables from investees —	Receivables from investees CHANGE IN FAIR VALUE —	Receivables from investees —	Receivables from investees —	17
Loans and deposits	Loans and deposits 145	Loans and deposits 19	Loans and deposits (9)	Loans and deposits —	Loans and deposits CHANGE IN FAIR VALUE —	Loans and deposits —	Loans and deposits (15)	140
FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS 2,177	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS 115	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS (9)	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS 3	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS CHANGE IN FAIR VALUE —	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS (384)	FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS (158)	1,744

12.4 Borrowings

Changes in borrowings during Fiscal 2021 and Fiscal 2020 were as follows:

(in millions of euro)	AUGUST 31, 2020	INCREASES	REPAYMENTS	DISCOUNTING EFFECTS AND OTHER	CURRENCY TRANSLATION ADJUSTMENT	CHANGES IN SCOPE OF CONSOLIDATION	AUGUST 31, 2021
Bond issues⁽¹⁾	Bond issues ⁽¹⁾AUGUST 31, 20204,960	Bond issues ⁽¹⁾INCREASES 1,116	Bond issues ⁽¹⁾REPAYMENTS (57)	Bond issues ⁽¹⁾DISCOUNTING EFFECTS AND OTHER 9	Bond issues ⁽¹⁾CURRENCY TRANSLATION ADJUSTMENT 26	Bond issues ⁽¹⁾CHANGES IN SCOPE OF CONSOLIDATION —	Bond issues ⁽¹⁾AUGUST 31, 20216,053
Private Placements and bank borrowings	Private Placements and bank borrowings AUGUST 31, 2020 6	Private Placements and bank borrowings INCREASES 5	Private Placements and bank borrowings REPAYMENTS (10)	Private Placements and bank borrowings DISCOUNTING EFFECTS AND OTHER —	Private Placements and bank borrowings CURRENCY TRANSLATION ADJUSTMENT —	Private Placements and bank borrowings CHANGES IN SCOPE OF CONSOLIDATION —	Private Placements and bank borrowings AUGUST 31, 2021 1
Other borrowings	Other borrowings AUGUST 31, 2020 29	Other borrowings INCREASES 44	Other borrowings REPAYMENTS (2)	Other borrowings DISCOUNTING EFFECTS AND OTHER (14)	Other borrowings CURRENCY TRANSLATION ADJUSTMENT 1	Other borrowings CHANGES IN SCOPE OF CONSOLIDATION (28)	Other borrowings AUGUST 31, 2021 30
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20204,996	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSINCREASES1,165	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSREPAYMENTS(69)	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSDISCOUNTING EFFECTS AND OTHER(5)	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSCURRENCY TRANSLATION ADJUSTMENT26	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSCHANGES IN SCOPE OF CONSOLIDATION(28)	TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20216,084
Net fair value of derivative financial instruments⁽²⁾	Net fair value of derivative financial instruments ⁽²⁾AUGUST 31, 2020 (4)	Net fair value of derivative financial instruments ⁽²⁾INCREASES (1)	Net fair value of derivative financial instruments ⁽²⁾REPAYMENTS 13	Net fair value of derivative financial instruments ⁽²⁾DISCOUNTING EFFECTS AND OTHER (10)	Net fair value of derivative financial instruments ⁽²⁾CURRENCY TRANSLATION ADJUSTMENT (11)	Net fair value of derivative financial instruments ⁽²⁾CHANGES IN SCOPE OF CONSOLIDATION —	Net fair value of derivative financial instruments ⁽²⁾AUGUST 31, 2021 (13)
TOTAL BORROWINGS	TOTAL BORROWINGSAUGUST 31, 20204,992	TOTAL BORROWINGSINCREASES1,165	TOTAL BORROWINGSREPAYMENTS(57)	TOTAL BORROWINGSDISCOUNTING EFFECTS AND OTHER(15)	TOTAL BORROWINGSCURRENCY TRANSLATION ADJUSTMENT15	TOTAL BORROWINGSCHANGES IN SCOPE OF CONSOLIDATION(28)	TOTAL BORROWINGSAUGUST 31, 20216,071

(1) The increase of 1,116 million euro mainly corresponds to the issuance of new bonds for 1,043 million euro by Sodexo, Inc. (see note 12.4.2).

(2) Including derivative financial instruments of 4 million euro recorded in liabilities as of August 31, 2021 (19 million euro as of August 31, 2020).