The fair values of Sodexo’s derivative financial instruments are as follows:
|
DERIVATIVE FINANCIAL INSTRUMENTS (in millions of euro) |
IFRS CLASSIFICATION | AUGUST 31, 2021 | AUGUST 31, 2020 |
|---|---|---|---|
| Interest instruments | Interest instrumentsIFRS CLASSIFICATION
|
Interest instrumentsAUGUST 31, 20212 | Interest instrumentsAUGUST 31, 20203 |
| Assets | Assets IFRS CLASSIFICATIONTrading |
Assets AUGUST 31, 20216 |
Assets AUGUST 31, 202019 |
| Liabilities | Liabilities IFRS CLASSIFICATIONTrading |
Liabilities AUGUST 31, 2021(4) |
Liabilities AUGUST 31, 2020(16) |
| Currency/cross-currency instruments* | Currency/cross-currency instruments*IFRS CLASSIFICATION
|
Currency/cross-currency instruments*AUGUST 31, 202111 | Currency/cross-currency instruments*AUGUST 31, 2020— |
| Assets | Assets IFRS CLASSIFICATIONFair value hedge |
Assets AUGUST 31, 202111 |
Assets AUGUST 31, 2020— |
| Liabilities | Liabilities IFRS CLASSIFICATIONFair value hedge |
Liabilities AUGUST 31, 2021— |
Liabilities AUGUST 31, 2020— |
| Cross-currency swaps | Cross-currency swapsIFRS CLASSIFICATION
|
Cross-currency swapsAUGUST 31, 2021— | Cross-currency swapsAUGUST 31, 20201 |
| Assets | Assets IFRS CLASSIFICATIONCash flow hedge |
Assets AUGUST 31, 2021— |
Assets AUGUST 31, 20204 |
| Liabilities | Liabilities IFRS CLASSIFICATIONCash flow hedge |
Liabilities AUGUST 31, 2021— |
Liabilities AUGUST 31, 2020(3) |
| NET DERIVATIVE FINANCIAL INSTRUMENTS | NET DERIVATIVE FINANCIAL INSTRUMENTSIFRS CLASSIFICATION
|
NET DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 202113 | NET DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20204 |
* Corresponds to the floating-rate swaps on fixed-rate bonds issued by Sodexo, Inc. described in note 12.4.2.
The face value and fair value of currency instruments and cross-currency swaps are as follows by maturity :
| AUGUST 31, 2021 | AUGUST 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| (in millions of euro) | LESS THAN 1 YEAR | 1 TO 5 YEARS | MORE THAN 5 YEAR | TOTAL | LESS THAN 1 YEAR | 1 TO 5 YEARS | MORE THAN 5 YEAR | TOTAL |
| Currency lender positions | Currency lender positionsAUGUST 31, 202145 | Currency lender positionsAUGUST 31, 20208 | 1 | 54 | 53 | 4 | — | 57 |
| Czech crown/Euro | Czech crown/Euro AUGUST 31, 2021— |
Czech crown/Euro AUGUST 31, 2020— |
— | — | 45 | — | — | 45 |
| Polish zloty/Euro | Polish zloty/Euro AUGUST 31, 20219 |
Polish zloty/Euro AUGUST 31, 2020— |
— | 9 | — | — | — | — |
| Other | Other AUGUST 31, 202136 |
Other AUGUST 31, 20208 |
1 | 45 | 8 | 4 | — | 12 |
| Currency borrower positions | Currency borrower positionsAUGUST 31, 2021(374) | Currency borrower positionsAUGUST 31, 2020(10) | (10) | (394) | (719) | (1) | (1) | (721) |
| Pound Sterling/Euro | Pound Sterling/Euro AUGUST 31, 2021— |
Pound Sterling/Euro AUGUST 31, 2020— |
— | — | (3) | — | — | (3) |
| Brazilian real/Euro | Brazilian real/Euro AUGUST 31, 2021— |
Brazilian real/Euro AUGUST 31, 2020— |
— | — | (23) | — | — | (23) |
| Dollar/Euro | Dollar/Euro AUGUST 31, 2021(302) |
Dollar/Euro AUGUST 31, 2020— |
— | (302) | (677) | — | — | (677) |
| Other | Other AUGUST 31, 2021(72) |
Other AUGUST 31, 2020(10) |
(10) | (92) | (16) | (1) | (1) | (18) |
| TOTAL FACE VALUE | TOTAL FACE VALUEAUGUST 31, 2021(329) | TOTAL FACE VALUEAUGUST 31, 2020(1) | (9) | (340) | (666) | 3 | (1) | (663) |
| Fair value | Fair valueAUGUST 31, 202117 | Fair valueAUGUST 31, 2020(4) | — | 13 | 6 | (2) | — | 4 |
The face value represents the nominal value of currency hedging instruments, including amounts related to forward agreements. Foreign currency amounts are translated at year-end closing rates.
