ANNUAL REPORT 2006-2007

ENSURING GOVERNANCE AND TRANSPARENCY SODEXO AROUND THE WORLD
> Financial Summary
CONSOLIDATED BALANCE SHEET
IFRS August 31, 2007 August 31, 2006 August 31, 2005
Shareholders’ equity
(in millions
of dollars)
(in millions
of euro)
(in millions
of euro)
(in millions
of euro)
Common stock 869 636 636 636
Additional paid in capital 1,621 1,186 1,186 1,186
Retained earnings 865 633 668 708
Consolidated reserves (243) (178) (361) (497)
Equity attributable to equity holders of the parent 3,112 2,277 2,129 2,033
Equity attributable to minority interests 31 23 17 18
Total shareholders’ equity 3,143 2,300 2,146 2,051
Non-current liabilities
Borrowings 2,513 1,839 1,852 1,891
Employee benefi ts 317 232 349 309
Other liabilities 108 79 101 80
Provisions 72 53 68 53
Deferred tax liabilities 48 35 75 80
Total non-current liabilities 3,058 2,238 2,445 2,413
Current liabilities
Bank overdrafts 45 33 36 21
Borrowings 152 111 68 85
Derivative fi nancial instruments 1 1 2 2
Income tax 78 57 80 84
Provisions 67 49 40 97
Trade and other payables 3,577 2,618 2,369 2,197
Vouchers payable 1,763 1,290 1,127 1,001
Total current liabilities 5,683 4,159 3,722 3,487
TOTAL LIABILITIES AND EQUITY 11,884 8,697 8,313 7,951
Calculated at the closing exchange rate for Fiscal 2007: 1 euro = 1.36640 U.S. dollar.
Net debt* represents 5% of shareholders’ equity.
* Debt net of cash and fi nancial assets related to the Services Vouchers and Cards activity minus overdrafts.
Sodexo_Annual Report 2006-2007
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