Registration Document

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4.8 Client investments
Consolidated information 06
Notes to the Consolidated Financial Statements
(in millions of euro) Fiscal 2011 Fiscal 2010
Carrying amount – September 1 228 186
Increases during the period 69 64
Decreases during the period (48) (44)
Translation adjustment (27) 25
Other (3)
Carrying amount – August 31 222 228
4.9 Companies consolidated by the equity method
When Sodexo is legally obligated to pay on behalf of companies consolidated by the equity method, provision
is made under liabilities in the balance sheet for its share in the negative shareholders’ equity of the said
companies (cf. note 4.19). Changes in the Group’s share of the net assets of its associates in Fiscal 2010 and
Fiscal 2011 are shown below:
(in millions of euro)
August 31, 2010 Profit/
Positive
amounts
Negative
amounts
(loss)
for the
period
dividend
paid for
the period
Changes
in scope of
consolidation
other
movements (1)
Translation
adjustment
August 31, 2011
Positive
amounts
Doyon Universal Services 16.0 1.0 (0.8) (2.0) 14.2
BAS 7.2 3.0 (2.0) (0.4) 7.8
NANA 12.4 1.1 (1.5) 0.6 (1.5) 11.1
SERCO Sodexo Defense
Services
Catalyst Healthcare
(Manchester)
8.2 5.0 (4.1) 0.5 9.6
Holdings Ltd 3.9 (0.3) (1.2) (0.3) 2.1
Groupe Crèche Attitude 13.7 0.7 (0.5) 0.2 0.0 14.1
Negative
amounts
Zehnacker
South Manchester
4.3 1.1 (1.2) 0.2 0.0 4.4
Healthcare (Holdings) Ltd
Agecroft Prison
1.0 1.2 (0.4) 0.5 (0.1) 2.2
Management Ltd
Catalyst Healthcare
(Roehampton)
(2.7) 0.1 0.0 0.0 0.1 (2.5)
Holdings Ltd
Ashford Prison Services
(5.2) 0.3 0.0 (0.4) 0.4 (4.9)
Holdings Ltd
HpC King’s College
(3.6) 0.2 0.0 0.2 0.2 (3.0)
Hospital (Holdings) Ltd
Addiewell Prison
(2.3) 0.7 0.0 0.0 0.1 (1.5)
(Holdings) Ltd (4.0) 0.5 (0.6) 0.3 0.3 (3.5)
Enterprise Healthcare Ltd (1.3) 0.1 0.0 (0.1) 0.1 (1.2)
Peterborough Prison Mgt (3.9) 0.3 (0.2) 0.2 0.3 (3.3)
Other 4.6 (0.5) 0.2 (0.6) 0.0 (0.2) 4.9 (1.4)
ToTAL 71.3 (23.5) 15.2 (13.1) 1.7 (2.5) 70.4 (21.3)
(1) Including fair value of derivative financial instrument hedges (note 4.17).
Sodexo Registration Document Fiscal 2011
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