| CARRYING AMOUNT (in million euros) | AUGUST 31, 2021 | INCREASE/(DECREASE) DURING THE PERIOD | IMPAIRMENT | CHANGES IN SCOPE OF CONSOLIDATION | CHANGE IN FAIR VALUE | CURRENCY TRANSLATION ADJUSTMENT AND OTHER | AUGUST 31, 2022 | |
|---|---|---|---|---|---|---|---|---|
| INCOME |
OCI(1) |
|||||||
|
Investments in non-consolidated companies(2) |
643 | 149 | — | — | 64 | 7 | 863 | |
| Financial assets related to the Benefits & Rewards Services activity, including restricted cash | 1,062 | 145 | — | — | — | 1 | 49 | 1,257 |
|
Receivables from investees(3) |
17 | 62 | — | — | — | — | — | 79 |
| Loans and deposits | 113 | 5 | (5) | 3 | — | — | 21 | 137 |
| FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS | 1,835 | 361 | (5) | 3 | — | 65 | 77 | 2,336 |
(1) Other comprehensive income.
(2) Increase/decrease related to investments in non-consolidated companies include 93 million euros for The Grandir Group SAS (see note 1.3).
(3) Increase/decrease related to receivables from investees include 62 million euros for The Grandir Group SAS's bonds convertible into shares (see note 1.3).
| CARRYING AMOUNT (in million euros) | August 31, 2020 | INCREASE/(DECREASE) DURING THE PERIOD | IMPAIRMENT | CHANGES IN SCOPE OF CONSOLIDATION | CHANGE IN FAIR VALUE | CURRENCY TRANSLATION ADJUSTMENT AND OTHER | AUGUST 31, 2021 | |
|---|---|---|---|---|---|---|---|---|
| INCOME | OCI | |||||||
| Investments in non-consolidated companies | 485 | 64 | 1 | (1) | — | 98 | (3) | 643 |
| Financial assets related to the Benefits & Rewards Services activity, including restricted cash | 1,103 | (45) | — | (1) | — | (5) | 10 | 1,062 |
| Receivables from investees | 17 | (1) | — | — | — | — | 1 | 17 |
| Loans and deposits | 140 | (10) | (15) | — | — | — | 1 | 113 |
| FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVE INSTRUMENTS | 1,744 | 7 | (14) | (2) | — | 93 | 8 | 1,835 |
Changes in borrowings during Fiscal 2022 and Fiscal 2021 were as follows:
| (in million euros) | AUGUST 31, 2021 | INCREASES | REPAYMENTS | DISCOUNTING EFFECTS AND OTHER | CURRENCY TRANSLATION ADJUSTMENT | CHANGES IN SCOPE OF CONSOLIDATION | AUGUST 31, 2022 |
|---|---|---|---|---|---|---|---|
|
Bond issues(1) |
Bond issues(1) AUGUST 31, 20216,053 |
Bond issues(1) INCREASES81 |
Bond issues(1) REPAYMENTS(682) |
Bond issues(1) DISCOUNTING EFFECTS AND OTHER(44) |
Bond issues(1) CURRENCY TRANSLATION ADJUSTMENT192 |
Bond issues(1) CHANGES IN SCOPE OF CONSOLIDATION— |
Bond issues(1) AUGUST 31, 20225,600 |
| Private Placements and bank borrowings |
Private Placements and bank borrowings AUGUST 31, 20211 |
Private Placements and bank borrowings INCREASES— |
Private Placements and bank borrowings REPAYMENTS(2) |
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 CONSOLIDATION2 |
Private Placements and bank borrowings AUGUST 31, 20221 |
|
Other borrowings(2) |
Other borrowings(2) AUGUST 31, 202130 |
Other borrowings(2) INCREASES25 |
Other borrowings(2) REPAYMENTS(3) |
Other borrowings(2) DISCOUNTING EFFECTS AND OTHER— |
Other borrowings(2) CURRENCY TRANSLATION ADJUSTMENT— |
Other borrowings(2) CHANGES IN SCOPE OF CONSOLIDATION56 |
Other borrowings(2) AUGUST 31, 2022108 |
| TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20216,084 | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSINCREASES106 | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSREPAYMENTS(687) | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSDISCOUNTING EFFECTS AND OTHER(44) | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSCURRENCY TRANSLATION ADJUSTMENT192 | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSCHANGES IN SCOPE OF CONSOLIDATION58 | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20225,709 |
|
Net fair value of derivative financial instruments(3) |
Net fair value of derivative financial instruments(3) AUGUST 31, 2021(13) |
Net fair value of derivative financial instruments(3) INCREASES— |
Net fair value of derivative financial instruments(3) REPAYMENTS(12) |
Net fair value of derivative financial instruments(3) DISCOUNTING EFFECTS AND OTHER53 |
Net fair value of derivative financial instruments(3) CURRENCY TRANSLATION ADJUSTMENT5 |
Net fair value of derivative financial instruments(3) CHANGES IN SCOPE OF CONSOLIDATION— |
Net fair value of derivative financial instruments(3) AUGUST 31, 202233 |
| TOTAL BORROWINGS | TOTAL BORROWINGSAUGUST 31, 20216,071 | TOTAL BORROWINGSINCREASES106 | TOTAL BORROWINGSREPAYMENTS(699) | TOTAL BORROWINGSDISCOUNTING EFFECTS AND OTHER9 | TOTAL BORROWINGSCURRENCY TRANSLATION ADJUSTMENT197 | TOTAL BORROWINGSCHANGES IN SCOPE OF CONSOLIDATION58 | TOTAL BORROWINGSAUGUST 31, 20225,742 |
(1) The repayment of 682 million euros mainly corresponds to the early repayment of the 600 million euros bond in October 2021 (see note 12.4.2).
(2) Changes in scope of consolidation related to other borrowings include written put options over non-controlling interests for 57 million euros including 44 million euros for Wedoogift.
(3) Including derivative financial instruments of 14 million euros recorded in liabilities as of August 31, 2022 (4 million euros as of August 31, 2021).
| (in million euros) | AUGUST 31, 2020 | INCREASES | REPAYMENTS | DISCOUNTING EFFECTS AND OTHER | CURRENCY TRANSLATION ADJUSTMENT | CHANGES IN SCOPE OF CONSOLIDATION | AUGUST 31, 2021 |
|---|---|---|---|---|---|---|---|
| Bond issues |
Bond issues AUGUST 31, 20204,960 |
Bond issues INCREASES1,116 |
Bond issues REPAYMENTS(57) |
Bond issues DISCOUNTING EFFECTS AND OTHER9 |
Bond issues CURRENCY TRANSLATION ADJUSTMENT26 |
Bond issues CHANGES IN SCOPE OF CONSOLIDATION— |
Bond issues AUGUST 31, 20216,053 |
| Private Placements and bank borrowings |
Private Placements and bank borrowings AUGUST 31, 20206 |
Private Placements and bank borrowings INCREASES5 |
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, 20211 |
| Finance lease obligations |
Finance lease obligations AUGUST 31, 2020— |
Finance lease obligations INCREASES— |
Finance lease obligations REPAYMENTS— |
Finance lease obligations DISCOUNTING EFFECTS AND OTHER— |
Finance lease obligations CURRENCY TRANSLATION ADJUSTMENT— |
Finance lease obligations CHANGES IN SCOPE OF CONSOLIDATION— |
Finance lease obligations AUGUST 31, 2021— |
| Other borrowings |
Other borrowings AUGUST 31, 202029 |
Other borrowings INCREASES44 |
Other borrowings REPAYMENTS(2) |
Other borrowings DISCOUNTING EFFECTS AND OTHER(14) |
Other borrowings CURRENCY TRANSLATION ADJUSTMENT1 |
Other borrowings CHANGES IN SCOPE OF CONSOLIDATION(28) |
Other borrowings AUGUST 31, 202130 |
| 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 |
Net fair value of derivative financial instruments AUGUST 31, 2020(4) |
Net fair value of derivative financial instruments INCREASES(1) |
Net fair value of derivative financial instruments REPAYMENTS13 |
Net fair value of derivative financial instruments DISCOUNTING EFFECTS AND OTHER(10) |
Net fair value of derivative financial instruments CURRENCY TRANSLATION ADJUSTMENT(11) |
Net fair value of derivative financial instruments CHANGES IN SCOPE OF CONSOLIDATION— |
Net fair value of derivative financial instruments 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 |
