| (in million euros) | GROSS VALUE | LESS THAN 1 YEAR | MORE THAN 1 YEAR | AMORTIZATION AND PROVISIONS | CARRYING AMOUNT |
|---|---|---|---|---|---|
| Equity investments | Equity investments GROSS VALUE6,751 |
Equity investments LESS THAN 1 YEAR not-included |
Equity investments MORE THAN 1 YEAR6,751 |
Equity investments AMORTIZATION AND PROVISIONS281 |
Equity investments CARRYING AMOUNT6,470 |
| Receivables related to equity investments | Receivables related to equity investments GROSS VALUE13 |
Receivables related to equity investments LESS THAN 1 YEAR13 |
Receivables related to equity investments MORE THAN 1 YEAR— |
Receivables related to equity investments AMORTIZATION AND PROVISIONS10 |
Receivables related to equity investments CARRYING AMOUNT3 |
| Other financial assets | Other financial assets GROSS VALUE155 |
Other financial assets LESS THAN 1 YEAR— |
Other financial assets MORE THAN 1 YEAR155 |
Other financial assets AMORTIZATION AND PROVISIONS7 |
Other financial assets CARRYING AMOUNT148 |
| TOTAL FINANCIAL INVESTMENTS | TOTAL FINANCIAL INVESTMENTS GROSS VALUE6,919 |
TOTAL FINANCIAL INVESTMENTS LESS THAN 1 YEAR13 |
TOTAL FINANCIAL INVESTMENTS MORE THAN 1 YEAR6,906 |
TOTAL FINANCIAL INVESTMENTS AMORTIZATION AND PROVISIONS298 |
TOTAL FINANCIAL INVESTMENTS CARRYING AMOUNT6,621 |
| Accounts receivable | Accounts receivable GROSS VALUE57 |
Accounts receivable LESS THAN 1 YEAR57 |
Accounts receivable MORE THAN 1 YEARnot-included |
Accounts receivable AMORTIZATION AND PROVISIONS1 |
Accounts receivable CARRYING AMOUNT56 |
| Prepaid expenses, other receivables and other assets | Prepaid expenses, other receivables and other assets GROSS VALUE547 |
Prepaid expenses, other receivables and other assets LESS THAN 1 YEAR395 |
Prepaid expenses, other receivables and other assets MORE THAN 1 YEAR152 |
Prepaid expenses, other receivables and other assets AMORTIZATION AND PROVISIONS— |
Prepaid expenses, other receivables and other assets CARRYING AMOUNT547 |
| TOTAL ACCOUNTS AND OTHER RECEIVABLES | TOTAL ACCOUNTS AND OTHER RECEIVABLES GROSS VALUE604 |
TOTAL ACCOUNTS AND OTHER RECEIVABLES LESS THAN 1 YEAR452 |
TOTAL ACCOUNTS AND OTHER RECEIVABLES MORE THAN 1 YEAR152 |
TOTAL ACCOUNTS AND OTHER RECEIVABLES AMORTIZATION AND PROVISIONS1 |
TOTAL ACCOUNTS AND OTHER RECEIVABLES CARRYING AMOUNT603 |
| TOTAL | TOTALGROSS VALUE7,523 | TOTALLESS THAN 1 YEAR 465 | TOTALMORE THAN 1 YEAR7,058 | TOTALAMORTIZATION AND PROVISIONS299 | TOTALCARRYING AMOUNT7,224 |
There is no commercial paper included in accounts receivable.
| (in million euros) | AUGUST 31, 2023 | INCREASES AND CHARGES DURING THE PERIOD | DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD | OTHER MOVEMENTS DURING THE PERIOD | AUGUST 31, 2024 |
|---|---|---|---|---|---|
| Provisions for contingencies and losses | Provisions for contingencies and losses AUGUST 31, 2023383 |
Provisions for contingencies and losses INCREASES AND CHARGES DURING THE PERIOD170 |
Provisions for contingencies and losses DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD79 |
Provisions for contingencies and losses OTHER MOVEMENTS DURING THE PERIOD— |
Provisions for contingencies and losses AUGUST 31, 2024474 |
| Impairment | Impairment AUGUST 31, 2023 not-included |
Impairment INCREASES AND CHARGES DURING THE PERIODnot-included |
Impairment DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD not-included |
Impairment OTHER MOVEMENTS DURING THE PERIODnot-included |
Impairment AUGUST 31, 2024 not-included |
| • financial investments | • financial investments AUGUST 31, 2023340 |
• financial investments INCREASES AND CHARGES DURING THE PERIOD17 |
• financial investments DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD59 |
• financial investments OTHER MOVEMENTS DURING THE PERIOD— |
• financial investments AUGUST 31, 2024298 |
| • current assets | • current assets AUGUST 31, 20231 |
• current assets INCREASES AND CHARGES DURING THE PERIOD— |
• current assets DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD— |
• current assets OTHER MOVEMENTS DURING THE PERIODnot-included |
• current assets AUGUST 31, 20241 |
| TOTAL IMPAIRMENT | TOTAL IMPAIRMENT AUGUST 31, 2023341 |
TOTAL IMPAIRMENT INCREASES AND CHARGES DURING THE PERIOD17 |
TOTAL IMPAIRMENT DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD59 |
TOTAL IMPAIRMENT OTHER MOVEMENTS DURING THE PERIOD— |
TOTAL IMPAIRMENT AUGUST 31, 2024299 |
| TOTAL | TOTALAUGUST 31, 2023 724 | TOTALINCREASES AND CHARGES DURING THE PERIOD187 | TOTALDECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 138 | TOTALOTHER MOVEMENTS DURING THE PERIOD— | TOTALAUGUST 31, 2024 773 |
| Increases and decreases | Increases and decreases AUGUST 31, 2023 not-included |
Increases and decreases INCREASES AND CHARGES DURING THE PERIODnot-included |
Increases and decreases DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD not-included |
Increases and decreases OTHER MOVEMENTS DURING THE PERIODnot-included |
Increases and decreases AUGUST 31, 2024 not-included |
| • operating items | • operating items AUGUST 31, 2023 not-included |
• operating items INCREASES AND CHARGES DURING THE PERIOD17 |
• operating items DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD19 |
• operating items OTHER MOVEMENTS DURING THE PERIODnot-included |
• operating items AUGUST 31, 2024 not-included |
| • financial items | • financial items AUGUST 31, 2023 not-included |
• financial items INCREASES AND CHARGES DURING THE PERIOD19 |
• financial items DECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD61 |
• financial items OTHER MOVEMENTS DURING THE PERIODnot-included |
• financial items AUGUST 31, 2024 not-included |
| • exceptional items | • exceptional itemsAUGUST 31, 2023 not-included | • exceptional itemsINCREASES AND CHARGES DURING THE PERIOD 151 |
• exceptional itemsDECREASES, RELEASES AND RECLASSIFICATIONS DURING THE PERIOD 59 |
• exceptional itemsOTHER MOVEMENTS DURING THE PERIODnot-included | • exceptional itemsAUGUST 31, 2024 not-included |
As of August 31, 2024, the main provisions for contingencies and losses were for the following:
In addition, during fiscal 2024, provisions for impairment of financial investments were subjected of a net release of 42 million euros, considering the positive prospects of the next year.
Provisions for others contingencies and losses have increased of 91 million euros. These variations are linked to the new restricted share plans assigned and distributed on Fiscal 2024 and the update of the tax exposure.
As a reminder, a notification for a proposed tax reassessment concerning fiscal years 2016, 2017 and 2018 was received in December, 2021 by Sodexo S.A. and another proposed adjustment notice was issued bu the French tax authorities in December, 2022 for fiscal years 2019, 2020 and 2021 in order to replicate certain adjustments initiated during previous tax audit.
The Company has updated the related tax risk based on the ongoing discussions with the French tax authorities.
| (in million euros) | GROS VALUE AUGUST 31, 2024 | NET VALUE AUGUST 31, 2024 | NET VALUE AUGUST 31, 2023 |
|---|---|---|---|
| Treasury shares | Treasury shares GROS VALUE AUGUST 31, 202487 |
Treasury shares NET VALUE AUGUST 31, 202487 |
Treasury shares NET VALUE AUGUST 31, 202393 |
| Cash in the liquidity contract account | Cash in the liquidity contract account GROS VALUE AUGUST 31, 20242 |
Cash in the liquidity contract account NET VALUE AUGUST 31, 20242 |
Cash in the liquidity contract account NET VALUE AUGUST 31, 2023— |
| TOTAL | TOTALGROS VALUE AUGUST 31, 2024 89 | TOTALNET VALUE AUGUST 31, 2024 89 | TOTALNET VALUE AUGUST 31, 2023 93 |
