| (in millions of euros) | LAND AND BUILDINGS | SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS | VEHICLES | OTHER PLANT AND EQUIPMENT | TOTAL |
|---|---|---|---|---|---|
| Depreciation and impairment as of August 31, 2023 | Depreciation and impairment as of August 31, 2023 LAND AND BUILDINGS (196) |
Depreciation and impairment as of August 31, 2023 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (322) |
Depreciation and impairment as of August 31, 2023 VEHICLES (74) |
Depreciation and impairment as of August 31, 2023 OTHER PLANT AND EQUIPMENT (7) |
Depreciation and impairment as of August 31, 2023 TOTAL (599) |
| Depreciation | Depreciation LAND AND BUILDINGS (59) |
Depreciation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (82) |
Depreciation VEHICLES (35) |
Depreciation OTHER PLANT AND EQUIPMENT (3) |
Depreciation TOTAL (179) |
| Reversals | Reversals LAND AND BUILDINGS 41 |
Reversals SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 27 |
Reversals VEHICLES 34 |
Reversals OTHER PLANT AND EQUIPMENT 2 |
Reversals TOTAL 104 |
| Impairment | Impairment LAND AND BUILDINGS — |
Impairment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Impairment VEHICLES — |
Impairment OTHER PLANT AND EQUIPMENT — |
Impairment TOTAL — |
| Exchange differences | Exchange differences LAND AND BUILDINGS 1 |
Exchange differences SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 3 |
Exchange differences VEHICLES — |
Exchange differences OTHER PLANT AND EQUIPMENT — |
Exchange differences TOTAL 4 |
| Reclassifications | Reclassifications LAND AND BUILDINGS — |
Reclassifications SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (1) |
Reclassifications VEHICLES — |
Reclassifications OTHER PLANT AND EQUIPMENT — |
Reclassifications TOTAL (1) |
| Changes in scope of consolidation | Changes in scope of consolidation LAND AND BUILDINGS 8 |
Changes in scope of consolidation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 2 |
Changes in scope of consolidation VEHICLES (8) |
Changes in scope of consolidation OTHER PLANT AND EQUIPMENT (1) |
Changes in scope of consolidation TOTAL 1 |
| Depreciation and impairment as of August 31, 2024 | Depreciation and impairment as of August 31, 2024 LAND AND BUILDINGS (205) |
Depreciation and impairment as of August 31, 2024 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (373) |
Depreciation and impairment as of August 31, 2024 VEHICLES (83) |
Depreciation and impairment as of August 31, 2024 OTHER PLANT AND EQUIPMENT (9) |
Depreciation and impairment as of August 31, 2024 TOTAL (670) |
| Depreciation | Depreciation LAND AND BUILDINGS (60) |
Depreciation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (80) |
Depreciation VEHICLES (54) |
Depreciation OTHER PLANT AND EQUIPMENT (3) |
Depreciation TOTAL (197) |
| Reversals | Reversals LAND AND BUILDINGS 21 |
Reversals SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 71 |
Reversals VEHICLES 36 |
Reversals OTHER PLANT AND EQUIPMENT 2 |
Reversals TOTAL 130 |
| Impairment | Impairment LAND AND BUILDINGS — |
Impairment SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Impairment VEHICLES — |
Impairment OTHER PLANT AND EQUIPMENT — |
Impairment TOTAL — |
| Exchange differences | Exchange differences LAND AND BUILDINGS 5 |
Exchange differences SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 9 |
Exchange differences VEHICLES 3 |
Exchange differences OTHER PLANT AND EQUIPMENT — |
Exchange differences TOTAL 17 |
| Reclassifications | Reclassifications LAND AND BUILDINGS (2) |
Reclassifications SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Reclassifications VEHICLES — |
Reclassifications OTHER PLANT AND EQUIPMENT — |
Reclassifications TOTAL (2) |
| Changes in scope of consolidation | Changes in scope of consolidation LAND AND BUILDINGS 3 |
Changes in scope of consolidation SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS — |
Changes in scope of consolidation VEHICLES — |
Changes in scope of consolidation OTHER PLANT AND EQUIPMENT — |
Changes in scope of consolidation TOTAL 3 |
| Depreciation and impairment as of August 31, 2025 | Depreciation and impairment as of August 31, 2025 LAND AND BUILDINGS (238) |
Depreciation and impairment as of August 31, 2025 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS (373) |
Depreciation and impairment as of August 31, 2025 VEHICLES (98) |
Depreciation and impairment as of August 31, 2025 OTHER PLANT AND EQUIPMENT (10) |
Depreciation and impairment as of August 31, 2025 TOTAL (719) |
| (in millions of euros) | LAND AND BUILDINGS | SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS | VEHICLES | OTHER PLANT AND EQUIPMENT | TOTAL |
|---|---|---|---|---|---|
| Carrying amount – August 31, 2023 | Carrying amount – August 31, 2023LAND AND BUILDINGS 232 |
Carrying amount – August 31, 2023SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 489 |
Carrying amount – August 31, 2023VEHICLES 58 |
Carrying amount – August 31, 2023OTHER PLANT AND EQUIPMENT 8 |
Carrying amount – August 31, 2023TOTAL 787 |
| Carrying amount – August 31, 2024 | Carrying amount – August 31, 2024 LAND AND BUILDINGS 219 |
Carrying amount – August 31, 2024 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 400 |
Carrying amount – August 31, 2024 VEHICLES 48 |
Carrying amount – August 31, 2024 OTHER PLANT AND EQUIPMENT 6 |
Carrying amount – August 31, 2024 TOTAL 673 |
| Carrying amount – August 31, 2025 | Carrying amount – August 31, 2025 LAND AND BUILDINGS 208 |
Carrying amount – August 31, 2025 SITES AND SPACES OPERATED UNDER CONCESSION AGREEMENTS 309 |
Carrying amount – August 31, 2025 VEHICLES 89 |
Carrying amount – August 31, 2025 OTHER PLANT AND EQUIPMENT 10 |
Carrying amount – August 31, 2025 TOTAL 616 |
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 net assets 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 2024 and Fiscal 2025 are shown below:
| (in millions of euros) | FISCAL 2025 | FISCAL 2024 |
|---|---|---|
| NET CARRYING AMOUNT AS OF SEPTEMBER 1 | NET CARRYING AMOUNT AS OF SEPTEMBER 1 FISCAL 2025 65 |
NET CARRYING AMOUNT AS OF SEPTEMBER 1 FISCAL 2024 59 |
| Of which investments in companies accounted for using the equity method | Of which investments in companies accounted for using the equity method FISCAL 2025 71 |
Of which investments in companies accounted for using the equity method FISCAL 2024 66 |
| Of which provisions for negative net assets | Of which provisions for negative net assets FISCAL 2025 (6) |
Of which provisions for negative net assets FISCAL 2024 (7) |
| Share of profit for the year* | Share of profit for the year *FISCAL 2025 12 |
Share of profit for the year *FISCAL 2024 13 |
| Other comprehensive income (loss) | Other comprehensive income (loss) FISCAL 2025 — |
Other comprehensive income (loss) FISCAL 2024 — |
| Dividend paid for the year | Dividend paid for the year FISCAL 2025 (10) |
Dividend paid for the year FISCAL 2024 (7) |
| Exchange differences | Exchange differences FISCAL 2025 (3) |
Exchange differences FISCAL 2024 (1) |
| Reclassifications | Reclassifications FISCAL 2025 2 |
Reclassifications FISCAL 2024 1 |
| NET CARRYING AMOUNT AS OF AUGUST 31 | NET CARRYING AMOUNT AS OF AUGUST 31 FISCAL 2025 66 |
NET CARRYING AMOUNT AS OF AUGUST 31 FISCAL 2024 65 |
| Of which investments in companies accounted for using the equity method | Of which investments in companies accounted for using the equity method FISCAL 2025 71 |
Of which investments in companies accounted for using the equity method FISCAL 2024 71 |
| Of which provisions for negative net assets | Of which provisions for negative net assets FISCAL 2025 (5) |
Of which provisions for negative net assets FISCAL 2024 (6) |
* Corresponds to the sum of the items “Share of profit of companies accounted for using the equity method that directly contribute to the Group’s business” and “Share of profit of other companies accounted for using the equity method” of the consolidated income statement.
