Universal Registration Document - Fiscal 2024

Introduction

20.2 Commitments related to a supplemental pension plan

Commitments related to a supplemental pension plan were estimated using the projected unit credit method based on final salary and net of funding for the plan. These commitments, amounting to 1 million euros as of August 31, 2024, are not recognized in the financial statements.

The new retirement plan implemented in Fiscal 2021 is not subject to any provision in the balance sheet apart from the insurance premium to be paid and does not generate an off-balance sheet commitment, the pensions being paid directly by the insurer.

NOTE 21. DIRECTORS’ FEES

Directors’ fees paid to Board members for Fiscal 2024 amount to 1.1 million euros (refer to section 7.4.3 of the Universal Registration Document).

NOTE 22. CONTINGENT LIABILITIES

Nil.

NOTE 23. AVERAGE NUMBER OF EMPLOYEES

  AUGUST 31, 2024 AUGUST 31, 2023
Managers 474 482
Supervisors 9 12
Other 2 2
Apprentices 23 15
TOTAL 508 511

The average number of employees is an average of the number of employees present at the end of each quarter.

NOTE 24. CONSOLIDATION

Sodexo S.A. is consolidated in the financial statements of Bellon SA, which has its registered office at 17-19, place de la Résistance, Issy-les- Moulineaux, France. The consolidated financial statements of the Sodexo Group are presented in chapter 4 of this Universal Registration Document.

NOTE 25. SUBSEQUENT EVENTS

The Company has not identified any significant subsequent events.