| (in million euros) | LAND AND BUILDINGS | SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS | VEHICLES | EQUIPMENT | TOTAL |
|---|---|---|---|---|---|
| Depreciation and impairment as of August 31, 2022 | Depreciation and impairment as of August 31, 2022LAND AND BUILDINGS(187) | Depreciation and impairment as of August 31, 2022SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS(267) | Depreciation and impairment as of August 31, 2022VEHICLES(81) | Depreciation and impairment as of August 31, 2022EQUIPMENT(14) | Depreciation and impairment as of August 31, 2022TOTAL(549) |
| Depreciation | Depreciation LAND AND BUILDINGS(56) |
Depreciation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS(91) |
Depreciation VEHICLES(37) |
Depreciation EQUIPMENT(4) |
Depreciation TOTAL(188) |
| Reversals | Reversals LAND AND BUILDINGS13 |
Reversals SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS20 |
Reversals VEHICLES32 |
Reversals EQUIPMENT5 |
Reversals TOTAL70 |
| 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 BUILDINGS7 |
Currency translation adjustment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS15 |
Currency translation adjustment VEHICLES5 |
Currency translation adjustment EQUIPMENT1 |
Currency translation adjustment TOTAL28 |
| Reclassifications in assets held for sale or for distribution* | Reclassifications in assets held for sale or for distribution* LAND AND BUILDINGS22 |
Reclassifications in assets held for sale or for distribution* SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS— |
Reclassifications in assets held for sale or for distribution* VEHICLES5 |
Reclassifications in assets held for sale or for distribution* EQUIPMENT5 |
Reclassifications in assets held for sale or for distribution* TOTAL32 |
| 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 BUILDINGS5 |
Other reclassifications SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS1 |
Other reclassifications VEHICLES2 |
Other reclassifications EQUIPMENT— |
Other reclassifications TOTAL8 |
| Depreciation and impairment as of August 31, 2023 | Depreciation and impairment as of August 31, 2023LAND AND BUILDINGS(196) | Depreciation and impairment as of August 31, 2023SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS(322) | Depreciation and impairment as of August 31, 2023VEHICLES(74) | Depreciation and impairment as of August 31, 2023EQUIPMENT(7) | Depreciation and impairment as of August 31, 2023TOTAL(599) |
| Depreciation | Depreciation LAND AND BUILDINGS(59) |
Depreciation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS(82) |
Depreciation VEHICLES(35) |
Depreciation EQUIPMENT(3) |
Depreciation TOTAL(179) |
| Reversals | Reversals LAND AND BUILDINGS41 |
Reversals SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS27 |
Reversals VEHICLES34 |
Reversals EQUIPMENT2 |
Reversals TOTAL104 |
| 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 BUILDINGS1 |
Currency translation adjustment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS3 |
Currency translation adjustment VEHICLES— |
Currency translation adjustment EQUIPMENT— |
Currency translation adjustment TOTAL4 |
| Reclassifications | Reclassifications LAND AND BUILDINGS— |
Reclassifications SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS(1) |
Reclassifications VEHICLES— |
Reclassifications EQUIPMENT— |
Reclassifications TOTAL(1) |
| Change in scope of consolidation | Change in scope of consolidation LAND AND BUILDINGS8 |
Change in scope of consolidation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS2 |
Change in scope of consolidation VEHICLES(8) |
Change in scope of consolidation EQUIPMENT(1) |
Change in scope of consolidation TOTAL1 |
| Depreciation and impairment as of August 31, 2024 | Depreciation and impairment as of August 31, 2024LAND AND BUILDINGS(205) | Depreciation and impairment as of August 31, 2024SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS(373) | Depreciation and impairment as of August 31, 2024VEHICLES(83) | Depreciation and impairment as of August 31, 2024EQUIPMENT(9) | Depreciation and impairment as of August 31, 2024TOTAL(670) |
* The reclassifications made during the fiscal year 2023 correspond to the reclassification of Pluxee's (ex Benefits & Rewards Services activity) 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, 2022 | Net carrying amount as of August 31, 2022LAND AND BUILDINGS242 |
Net carrying amount as of August 31, 2022SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS571 |
Net carrying amount as of August 31, 2022VEHICLES69 |
Net carrying amount as of August 31, 2022EQUIPMENT12 |
Net carrying amount as of August 31, 2022TOTAL895 |
| Net carrying amount as of August 31, 2023 | Net carrying amount as of August 31, 2023 LAND AND BUILDINGS232 |
Net carrying amount as of August 31, 2023 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS489 |
Net carrying amount as of August 31, 2023 VEHICLES58 |
Net carrying amount as of August 31, 2023 EQUIPMENT8 |
Net carrying amount as of August 31, 2023 TOTAL787 |
| Net carrying amount as of August 31, 2024 | Net carrying amount as of August 31, 2024LAND AND BUILDINGS219 | Net carrying amount as of August 31, 2024SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS400 | Net carrying amount as of August 31, 2024VEHICLES48 | Net carrying amount as of August 31, 2024EQUIPMENT6 | Net carrying amount as of August 31, 2024TOTAL673 |
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 2023 and Fiscal 2024 are shown below:
| (in million euros) | FISCAL 2024 | FISCAL 2023 |
|---|---|---|
| Net Carrying amount as of September 1 | Net Carrying amount as of September 1FISCAL 202459 | Net Carrying amount as of September 1FISCAL 202365 |
| Of which Investments in companies accounted for using the equity method | Of which Investments in companies accounted for using the equity methodFISCAL 202466 | Of which Investments in companies accounted for using the equity methodFISCAL 202373 |
| Of which Provisions for negative shareholders' equity | Of which Provisions for negative shareholders' equityFISCAL 2024(7) | Of which Provisions for negative shareholders' equityFISCAL 2023(8) |
| Share of profit for the period* | Share of profit for the period* FISCAL 202413 |
Share of profit for the period* FISCAL 202312 |
| Other comprehensive income (loss) | Other comprehensive income (loss) FISCAL 2024— |
Other comprehensive income (loss) FISCAL 2023— |
| Dividend paid for the period | Dividend paid for the period FISCAL 2024(7) |
Dividend paid for the period FISCAL 2023(8) |
| Currency translation adjustment | Currency translation adjustment FISCAL 2024(1) |
Currency translation adjustment FISCAL 2023(3) |
| Reclassifications | Reclassifications FISCAL 20241 |
Reclassifications FISCAL 2023(7) |
| NET CARRYING AMOUNT AS OF AUGUST 31 | NET CARRYING AMOUNT AS OF AUGUST 31FISCAL 2024 65 |
NET CARRYING AMOUNT AS OF AUGUST 31FISCAL 2023 59 |
| Of which Investments in companies accounted for using the equity method | Of which Investments in companies accounted for using the equity methodFISCAL 202471 | Of which Investments in companies accounted for using the equity methodFISCAL 202366 |
| Of which Provisions for negative shareholders' equity | Of which Provisions for negative shareholders' equityFISCAL 2024(6) | Of which Provisions for negative shareholders' equityFISCAL 2023(7) |
* Corresponds to the sum of the items "Share of profits from companies accounted for using the equity method in the continuation of the Group's activities" and "Share of profits from other companies accounted for using the equity method" of the consolidated income statement.
