| CARRYING AMOUNT (in million euros) | AUGUST 31, 2022 | INCREASE/ (DECREASE) DURING THE PERIOD | IMPAIRMENT | RECLASSIFICATIONS IN ASSETS HELD FOR SALE OR FOR DISTRIBUTION(3) | CHANGE IN FAIR VALUE | CURRENCY TRANSLATION ADJUSTMENT AND OTHER | AUGUST 31, 2023 | |
|---|---|---|---|---|---|---|---|---|
| INCOME | OCI(1) | |||||||
| Investments in non-consolidated companies(2) | 863 | 1 | — | (133) | — | 197 | (2) | 925 |
| Financial assets related to Benefits & Rewards Services activity (Pluxee), including restricted cash(3) | 1,257 | — | — | (1,257) | — | — | — | — |
| Receivables from investees | 79 | 1 | — | — | — | — | (11) | 69 |
| Loans and deposits | 137 | 31 | (4) | (133) | 49 | — | (11) | 70 |
| FINANCIAL ASSETS EXCLUDING FINANCIAL DERIVATIVES INSTRUMENTS | 2,336 | 33 | (4) | (1,523) | 49 | 197 | (24) | 1,064 |
(1) Other comprehensive income.
(2) Mainly due to the fair value revaluation of Bellon SA for 181 million euros.
(3) The reclassifications made during the period correspond to the reclassification of Benefits & Rewards Services activity (Pluxee) current and non-current financial assets excluding derivative financial instruments in assets held for sale or for distribution (see note 3.2).
| 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 (Pluxee), 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 DERIVATIVE 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.
(3) Increase/decrease related to receivables from investees include 62 million euros for The Grandir Group SAS's bonds convertible into shares.
Changes in borrowings during Fiscal 2023 and Fiscal 2022 were as follows:
| (in million euros) | AUGUST 31, 2022 | INCREASES | REPAYMENTS | DISCOUNTING EFFECTS AND OTHER | CURRENCY TRANSLATION ADJUSTMENT | CHANGES IN SCOPE OF CONSOLIDATION | RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION(2) | AUGUST 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Bond issues |
Bond issues AUGUST 31, 20225,600 |
Bond issues INCREASES 70 |
Bond issues REPAYMENTS (65) |
Bond issues DISCOUNTING EFFECTS AND OTHER (8) |
Bond issues CURRENCY TRANSLATION ADJUSTMENT (96) |
Bond issues CHANGES IN SCOPE OF CONSOLIDATION — |
Bond issues RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION (2)— |
Bond issues AUGUST 31, 20235,501 |
| Private Placements and bank borrowings(1) |
Private Placements and bank borrowings(1)AUGUST 31, 20221 |
Private Placements and bank borrowings(1)INCREASES 477 |
Private Placements and bank borrowings(1)REPAYMENTS (478) |
Private Placements and bank borrowings(1)DISCOUNTING EFFECTS AND OTHER — |
Private Placements and bank borrowings(1)CURRENCY TRANSLATION ADJUSTMENT — |
Private Placements and bank borrowings(1)CHANGES IN SCOPE OF CONSOLIDATION — |
Private Placements and bank borrowings(1)RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION (2)— |
Private Placements and bank borrowings(1)AUGUST 31, 2023— |
| Other borrowings |
Other borrowings AUGUST 31, 2022108 |
Other borrowings INCREASES — |
Other borrowings REPAYMENTS (5) |
Other borrowings DISCOUNTING EFFECTS AND OTHER (2) |
Other borrowings CURRENCY TRANSLATION ADJUSTMENT (5) |
Other borrowings CHANGES IN SCOPE OF CONSOLIDATION 1 |
Other borrowings RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION (2)(46) |
Other borrowings AUGUST 31, 202351 |
| TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS | TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20225,709 |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS INCREASES 547 |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS REPAYMENTS (548) |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS DISCOUNTING EFFECTS AND OTHER (10) |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS CURRENCY TRANSLATION ADJUSTMENT (101) |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS CHANGES IN SCOPE OF CONSOLIDATION 1 |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTS RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION (2)(46) |
TOTAL BORROWINGS EXCLUDING DERIVATIVE FINANCIAL INSTRUMENTSAUGUST 31, 20235,552 |
| Net fair value of derivative financial instruments(3) |
Net fair value of derivative financial instruments (3)AUGUST 31, 202233 |
Net fair value of derivative financial instruments (3)INCREASES 7 |
Net fair value of derivative financial instruments (3)REPAYMENTS (2) |
Net fair value of derivative financial instruments (3)DISCOUNTING EFFECTS AND OTHER 7 |
Net fair value of derivative financial instruments (3)CURRENCY TRANSLATION ADJUSTMENT (9) |
Net fair value of derivative financial instruments (3)CHANGES IN SCOPE OF CONSOLIDATION — |
Net fair value of derivative financial instruments (3)RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION (2)— |
Net fair value of derivative financial instruments (3)AUGUST 31, 202336 |
| TOTAL BORROWINGS | TOTAL BORROWINGSAUGUST 31, 20225,742 |
TOTAL BORROWINGS INCREASES 554 |
TOTAL BORROWINGS REPAYMENTS (550) |
TOTAL BORROWINGS DISCOUNTING EFFECTS AND OTHER (3) |
TOTAL BORROWINGS CURRENCY TRANSLATION ADJUSTMENT (110) |
TOTAL BORROWINGS CHANGES IN SCOPE OF CONSOLIDATION 1 |
TOTAL BORROWINGS RECLASSIFICATIONS IN LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS HELD FOR SALE OR FOR DISTRIBUTION (2)(46) |
TOTAL BORROWINGSAUGUST 31, 20235,588 |
(1) Commercial paper was drawn short term in Fiscal 2023 but all was fully repaid by August 31, 2023.
(2) The reclassification made during the period correspond to Benefits & Rewards Services activity (Pluxee) liabilities reclassified in liabilities directly associated with assets held for sale or for distribution (see note 3.2).
(3) Including derivative financial instruments of 41 million euros recorded in liabilities as of August 31, 2023 (14 million euros as of August 31, 2022).
