SODEXHO ALLIANCE ANNUAL REPORT 2005-2006
SODEXHO ALLIANCE ANNUAL REPORT 2005-2006
SODEXHO ALLIANCE ANNUAL REPORT 2005-2006
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Consolidated Balance Sheet<br />
87<br />
Sodexho Alliance / Annual report <strong>2005</strong>-<strong>2006</strong><br />
IFRS August 31, <strong>2006</strong> August 31, <strong>2005</strong> August 31, 2004<br />
(In millions<br />
of dollars)<br />
(In millions<br />
of euro)<br />
(In millions<br />
of euro)<br />
(In millions<br />
of euro)<br />
Shareholders’ equity<br />
Common stock 817 636 636 636<br />
Additional paid in capital 1,524 1,186 1,186 1,186<br />
Retained earnings 857 668 708 738<br />
Consolidated reserves (428) (334) (470) (624)<br />
Equity attributable to equity holders of the parent 2,770 2,156 2,060 1,936<br />
Equity attributable to minority interests 22 17 18 24<br />
Total shareholders’ equity<br />
Non-current liabilities<br />
2,792 2,173 2,078 1,960<br />
Borrowings 2,380 1,852 1,891 1,784<br />
Employee benefi ts 449 349 309 311<br />
Other liabilities 129 101 80 50<br />
Provisions 87 68 53 55<br />
Deferred tax liabilities 63 49 54 59<br />
Total non-current liabilities<br />
Current liabilities<br />
3,108 2,419 2,387 2,259<br />
Bank overdrafts 46 36 21 23<br />
Borrowings 89 68 85 437<br />
Derivative fi nancial instruments 2 2 2 9<br />
Income tax 103 80 84 104<br />
Provisions 51 40 97 25<br />
Trade and other payables 3,045 2,369 2,197 2,017<br />
Vouchers payable 1,448 1,127 1,001 844<br />
Total current liabilities 4,784 3,722 3,487 3,459<br />
TOTAL LIABILITIES AND EQUITY 10,684 8,314 7,952 7,678<br />
Calculated at the closing exchange rate for Fiscal <strong>2006</strong>: 1 euro = 1.2851 U.S. dollars.<br />
Net debt* represents 21% of shareholders’ equity.<br />
* Debt net of cash and fi nancial assets related to the Service Vouchers and Cards activity less overdrafts.