The exchange rates of non-member countries of the euro zone used to prepare the consolidated financial statements are mainly:
| CLOSING EXCHANGE RATE AT AUGUST 31, 2023 | AVERAGE EXCHANGE RATE FISCAL 2023 | |||
|---|---|---|---|---|
| ISO CODES | COUNTRIES | CURRENCY | 1 EURO = | 1 EURO = |
| USD | USD
United States |
USD
U.S. dollar |
USD CLOSING EXCHANGE RATE AT AUGUST 31, 20231.086800 |
USD AVERAGE EXCHANGE RATE FISCAL 20231.058650 |
| GBP | GBP
United Kingdom |
GBP
Pound Sterling |
GBP CLOSING EXCHANGE RATE AT AUGUST 31, 20230.857180 |
GBP AVERAGE EXCHANGE RATE FISCAL 20230.870896 |
| BRL | BRL
Brazil |
BRL
Brazilian real |
BRL CLOSING EXCHANGE RATE AT AUGUST 31, 20235.308200 |
BRL AVERAGE EXCHANGE RATE FISCAL 20235.402833 |
| AUD | AUD
Australia |
AUD
Australian dollar |
AUD CLOSING EXCHANGE RATE AT AUGUST 31, 20231.678500 |
AUD AVERAGE EXCHANGE RATE FISCAL 20231.592150 |
| CAD | CAD
Canada |
CAD
Canadian dollar |
CAD CLOSING EXCHANGE RATE AT AUGUST 31, 20231.472100 |
CAD AVERAGE EXCHANGE RATE FISCAL 20231.430142 |
| CNY | CNY
China |
CNY
Yuan Renminbi |
CNY CLOSING EXCHANGE RATE AT AUGUST 31, 20237.919600 |
CNY AVERAGE EXCHANGE RATE FISCAL 20237.454221 |
| SEK | SEK
Sweden |
SEK
Swedish Krona |
SEK CLOSING EXCHANGE RATE AT AUGUST 31, 202311.843000 |
SEK AVERAGE EXCHANGE RATE FISCAL 202311.272817 |
| INR | INR
India |
INR
Indian Rupee (thousands) |
INR CLOSING EXCHANGE RATE AT AUGUST 31, 20230.089929 |
INR AVERAGE EXCHANGE RATE FISCAL 20230.086891 |
| (in million euros) | FISCAL 2023 | FISCAL 2022 |
|---|---|---|
| Acquisitions of property, plant, equipment, intangible assets, and client investments | Acquisitions of property, plant, equipment, intangible assets, and client investments FISCAL 2023 348 |
Acquisitions of property, plant, equipment, intangible assets, and client investments FISCAL 2022 262 |
| Acquisitions of equity interests | Acquisitions of equity interests FISCAL 2023 25 |
Acquisitions of equity interests FISCAL 2022 133 |
As of the date of this document Sodexo has not made any significant firm commitment to acquire equity interests.
Because of the nature of the Group’s activities, net investments represent less than 2% of revenues and mainly relate to investments on the Group’s sites, which are used to support operating activities and are financed by operating cash. None of these investments is individually significant in Fiscal 2023.
The main acquisitions made during Fiscal 2023 are indicated in notes 3.1 “Business combinations” and 6.1 “Goodwill” to the consolidated financial statements.
A detailed description of changes in investments is provided in notes 4.4, 6.2 and 6.3 of the consolidated financial statements.
