| (in million euros) | LAND AND BUILDINGS | SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS | VEHICLES | EQUIPMENT | TOTAL |
|---|---|---|---|---|---|
| Amortization and impairment as of August 31, 2021 | Amortization and impairment as of August 31, 2021 LAND AND BUILDINGS (140) |
Amortization and impairment as of August 31, 2021 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (177) |
Amortization and impairment as of August 31, 2021 VEHICLES (72) |
Amortization and impairment as of August 31, 2021 EQUIPMENT (11) |
Amortization and impairment as of August 31, 2021 TOTAL (400) |
| Amortization | Amortization LAND AND BUILDINGS (71) |
Amortization SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (91) |
Amortization VEHICLES (45) |
Amortization EQUIPMENT (4) |
Amortization TOTAL (211) |
| Reversals | Reversals LAND AND BUILDINGS 25 |
Reversals SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 13 |
Reversals VEHICLES 28 |
Reversals EQUIPMENT 4 |
Reversals TOTAL 70 |
| Impairment | Impairment LAND AND BUILDINGS 1 |
Impairment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Impairment VEHICLES — |
Impairment EQUIPMENT — |
Impairment TOTAL 1 |
| Currency translation adjustment | Currency translation adjustment LAND AND BUILDINGS (9) |
Currency translation adjustment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (18) |
Currency translation adjustment VEHICLES (2) |
Currency translation adjustment EQUIPMENT (2) |
Currency translation adjustment TOTAL (31) |
| Reclassifications | Reclassifications LAND AND BUILDINGS 3 |
Reclassifications SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Reclassifications VEHICLES — |
Reclassifications EQUIPMENT — |
Reclassifications TOTAL 3 |
| Change in scope of consolidation | Change in scope of consolidation LAND AND BUILDINGS 4 |
Change in scope of consolidation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 6 |
Change in scope of consolidation VEHICLES 10 |
Change in scope of consolidation EQUIPMENT (1) |
Change in scope of consolidation TOTAL 19 |
| Other movements | Other movements LAND AND BUILDINGS — |
Other movements SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Other movements VEHICLES — |
Other movements EQUIPMENT — |
Other movements TOTAL — |
| Amortization and impairment as of August 31, 2022 | Amortization and impairment as of August 31, 2022 LAND AND BUILDINGS (187) |
Amortization and impairment as of August 31, 2022 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (267) |
Amortization and impairment as of August 31, 2022 VEHICLES (81) |
Amortization and impairment as of August 31, 2022 EQUIPMENT (14) |
Amortization and impairment as of August 31, 2022 TOTAL (549) |
| Amortization | Amortization LAND AND BUILDINGS (56) |
Amortization SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (91) |
Amortization VEHICLES (37) |
Amortization EQUIPMENT (4) |
Amortization TOTAL (188) |
| Reversals | Reversals LAND AND BUILDINGS 13 |
Reversals SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 20 |
Reversals VEHICLES 32 |
Reversals EQUIPMENT 5 |
Reversals TOTAL 70 |
| Impairment | Impairment LAND AND BUILDINGS — |
Impairment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Impairment VEHICLES — |
Impairment EQUIPMENT — |
Impairment TOTAL — |
| Currency translation adjustment | Currency translation adjustment LAND AND BUILDINGS 7 |
Currency translation adjustment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 15 |
Currency translation adjustment VEHICLES 5 |
Currency translation adjustment EQUIPMENT 1 |
Currency translation adjustment TOTAL 28 |
| Reclassifications in assets held for sale or for distribution(1) | Reclassifications in assets held for sale or for distribution (1)LAND AND BUILDINGS 22 |
Reclassifications in assets held for sale or for distribution (1)SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Reclassifications in assets held for sale or for distribution (1)VEHICLES 5 |
Reclassifications in assets held for sale or for distribution (1)EQUIPMENT 5 |
Reclassifications in assets held for sale or for distribution (1)TOTAL 32 |
| Change in scope of consolidation | Change in scope of consolidation LAND AND BUILDINGS — |
Change in scope of consolidation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Change in scope of consolidation VEHICLES — |
Change in scope of consolidation EQUIPMENT — |
Change in scope of consolidation TOTAL — |
| Other reclassifications | Other reclassifications LAND AND BUILDINGS 5 |
Other reclassifications SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 1 |
Other reclassifications VEHICLES 2 |
Other reclassifications EQUIPMENT — |
Other reclassifications TOTAL 8 |
| Amortization and impairment as of August 31, 2023 | Amortization and impairment as of August 31, 2023 LAND AND BUILDINGS (196) |
Amortization and impairment as of August 31, 2023 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (322) |
Amortization and impairment as of August 31, 2023 VEHICLES (74) |
Amortization and impairment as of August 31, 2023 EQUIPMENT (7) |
Amortization and impairment as of August 31, 2023 TOTAL (599) |
(1) The reclassifications made during the period correspond to the reclassification of the Benefits & Rewards Services activities (Pluxee) the rights-of-use assets relating to leases in assets held for sale or for distribution (see note 3.2).
| (in million euros) | LAND AND BUILDINGS | SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS | VEHICLES | EQUIPMENT | TOTAL |
|---|---|---|---|---|---|
| Net carrying amount as of August 31, 2021 | Net carrying amount as of August 31, 2021LAND AND BUILDINGS 299 |
Net carrying amount as of August 31, 2021SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 518 |
Net carrying amount as of August 31, 2021VEHICLES 77 |
Net carrying amount as of August 31, 2021EQUIPMENT 10 |
Net carrying amount as of August 31, 2021TOTAL 903 |
| Net carrying amount as of August 31, 2022 | Net carrying amount as of August 31, 2022 LAND AND BUILDINGS 242 |
Net carrying amount as of August 31, 2022 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 571 |
Net carrying amount as of August 31, 2022 VEHICLES 69 |
Net carrying amount as of August 31, 2022 EQUIPMENT 12 |
Net carrying amount as of August 31, 2022 TOTAL 895 |
| Net carrying amount as of August 31, 2023 | Net carrying amount as of August 31, 2023 LAND AND BUILDINGS 232 |
Net carrying amount as of August 31, 2023 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 489 |
Net carrying amount as of August 31, 2023 VEHICLES 58 |
Net carrying amount as of August 31, 2023 EQUIPMENT 8 |
Net carrying amount as of August 31, 2023 TOTAL 787 |
Associates are companies in which Sodexo S.A. directly or indirectly exercises significant influence over financial and operating policy, without exercising exclusive or joint control. Joint ventures are joint arrangements in which Sodexo S.A. directly or indirectly exercises joint control and has rights to the net assets of the arrangement. Associates and joint ventures are accounted for using the equity method. Sodexo has a number of equity interests in project companies established in connection with Public-Private Partnership (PPP) contracts. These contracts enable governments to call upon the private sector for the design, construction, financing and management of public infrastructure (hospitals, schools, barracks, prisons), with detailed performance criteria. An analysis is performed for each of these equity interests, in order to determine whether they qualify as associates or joint ventures.
When Sodexo is legally or constructively obligated to make payments on behalf of companies accounted for using the equity method, a provision is made under liabilities in the consolidated statement of financial position for its share in the negative shareholders’ equity of the said companies (see note 10.1).
Changes in the Group’s share of the net assets of companies accounted for using the equity method in Fiscal 2022 and Fiscal 2023 are shown below:
| (in million euros) | FISCAL 2023 | FISCAL 2022 |
|---|---|---|
| Carrying amount as of September 1 | Carrying amount as of September 1FISCAL 202365 | Carrying amount as of September 1FISCAL 202257 |
| Of which Investments in companies accounted for using the equity method | Of which Investments in companies accounted for using the equity methodFISCAL 202373 | Of which Investments in companies accounted for using the equity methodFISCAL 202263 |
| Of which Provisions | Of which ProvisionsFISCAL 2023(8) | Of which ProvisionsFISCAL 2022(6) |
| Share of profit for the period | Share of profit for the period FISCAL 202312 |
Share of profit for the period FISCAL 20228 |
| Other comprehensive income (loss) | Other comprehensive income (loss) FISCAL 2023— |
Other comprehensive income (loss) FISCAL 2022— |
| Dividend paid for the period | Dividend paid for the period FISCAL 2023(8) |
Dividend paid for the period FISCAL 2022(6) |
| Currency translation adjustment | Currency translation adjustment FISCAL 2023(3) |
Currency translation adjustment FISCAL 20226 |
| Reclassifications of which reclassifications in assets held for sale or for distribution(1) | Reclassifications of which reclassifications in assets held for sale or for distribution (1)FISCAL 2023(7) |
Reclassifications of which reclassifications in assets held for sale or for distribution (1)FISCAL 2022— |
| CARRYING AMOUNT AS OF AUGUST 31 | CARRYING AMOUNT AS OF AUGUST 31FISCAL 202359 | CARRYING AMOUNT AS OF AUGUST 31FISCAL 202265 |
| Of which Investments in companies accounted for using the equity method | Of which Investments in companies accounted for using the equity methodFISCAL 202366 | Of which Investments in companies accounted for using the equity methodFISCAL 202273 |
| Of which Provisions | Of which ProvisionsFISCAL 2023(7) | Of which ProvisionsFISCAL 2022(8) |
(1) The reclassifications made during the period correspond to the reclassification of the Benefits & Rewards Services activities, investments in companies accounted for using the equity method in assets held for sale or for distribution for 1 million euros (see note 3.2).
