Registration Document

P ◀ CONTENTS ▶
2.22.3 Income tax expense
In connection with the introduction of the
Contribution Économique Territoriale (CET – “Local
Economic Contribution” replacing the former
professional tax) under the 2010 Finance Bill in
France, which applies to French subsidiaries, Sodexo
has elected to recognize in income tax expense the
portion of the CET related to the Cotisation sur la
Valeur Ajoutée des Entreprises (tax on corporate
value added tax paid).
2.23 Earnings per share
In accordance with IAS 33, earnings per share is
calculated by dividing profit for the period by
the weighted average number of ordinary shares
outstanding during the period, net of treasury shares.
3. OPERATING SEGMENTS
As of August 31, 2011, the Group’s activities are
monitored by the chief operating decision maker as
follows: On-site Service Solutions and Motivation
Solutions. On-site Service Solutions is further
segmented by geographic region:
• North America;
• Continental Europe;
• United Kingdom and Ireland;
• Rest of the World.
Consolidated information 06
Notes to the Consolidated Financial Statements
In the calculation of diluted earnings per share,
the denominator is increased by the number of
potentially dilutive shares, and the numerator is
adjusted for all dividends and interest recognized
in the period and any other change in income or
expenses that would result from conversion of the
potentially dilutive shares.
2.24 Cash flow statement
The cash flow statement analyzes changes in net
cash and cash equivalents, defined as cash and cash
equivalents less current bank overdrafts and credit
bank balances payable on demand as an integral
component of treasury management.
The geographic regions of On-site Service Solutions
and Motivation Solutions constitute the Group’s
primary operating segments.
No Group client accounts for more than 2% of
consolidated revenues.
Sodexo Registration Document Fiscal 2011
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