Registration Document

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01 02 03 04 05 06 07 08 09 10 11 12 13 14 126 06 Consolidated information Notes to the Consolidated Financial Statements Items recognized directly in other comprehensive income (OCI) (Group share) are shown below: (in millions of euro) Sodexo Registration Document Fiscal 2011 Available-forsale financial assets Cash Flow Hedges Actuarial adjustments and other Currency translation adjustments Total other items recognized in oCI (Group share) Shareholders’ equity as of August 31, 2009 0 (17) 1 (471) (487) (Decrease) increase during the year, pre-tax (16) (62) 344 266 Income tax benefit (expense) 4 (1) 17 21 (Decrease) increase during the year, net of tax 0 (12) (45) 344 287 Shareholders’ equity as of August 31, 2010 0 (29) (44) (127) (200) Increase (decrease) during the year, pre-tax 0 15 36 (310) (259) Income tax benefit (expense) 0 (5) (10) (15) Increase (decrease) during the year, net of tax 0 10 26 (310) (274) Shareholders’ equity as of August 31, 2011 0 (19) (18) (437) (474) (1) Of which 3 million euro related to hedging instruments recognized in other comprehensive income for equity method companies and presented in the line item “Share of other components of comprehensive income of companies consolidated by the equity method, net of tax” in the Statement of Comprehensive Income. 4.16 Borrowings (in millions of euro) P ◀ CONTENTS ▶ August 31, 2011 August 31, 2010 Current Non-current Current Non-current Bond issues Euro Bank borrowings 43 1,385 43 1,386 (1) U.S. dollar 17 760 10 686 Brazilian real 51 46 55 95 Euro 1 3 10 275 Other currencies 3 0 6 Finance lease obligations 72 809 81 1,056 U.S. dollar 0 0 Brazilian real 1 0 2 1 Euro 7 18 9 25 Other currencies 11 21 9 24 other borrowings 19 39 20 50 (2) Euro 12 24 3 33 Other currencies 6 5 3 9 ToTAL exCLUdING deRIVATIVe 18 29 6 42 FINANCIAL INSTRUMeNTS 152 2,262 150 2,534 Net fair value of financial instruments (3) ToTAL INCLUdING deRIVATIVe 8 1 19 FINANCIAL INSTRUMeNTS 160 2,263 150 2,553 (1) Including the proceeds of the two private bond placements with U.S. private investors (respectively USD 500 million and USD 600 million). (2) Including 34 million euro corresponding to liabilities recognized in connection with the commitments to repurchase the minority interests in certain subsidiaries. (3) Described in note 4.17.
P ◀ CONTENTS ▶ For borrowings other than bond issues, amortized cost is equivalent to historical cost (nominal 4.16.1 Bond issues 2007 bond issue – €500 million August 31, 2010 Increases Repayments Consolidated information 06 Notes to the Consolidated Financial Statements amount) insofar as no significant transaction costs are incurred. discounting effects and other Translation adjustment August 31, 2011 Principal 500 500 Debt issuance costs (1) (1) Accrued interest 10 10 ToTAL 509 509 Effective rate 2009 bond issue – €880 billion 4.55% 4.55% Principal Debt issuance costs and 880 880 issue premium 8 (1) 7 Accrued interest 33 32 ToTAL 920 (1) 919 Effective rate 5.97% 5.97% ToTAL 1,429 (1) 1,428 2007 bond issue – €500 million August 31, 2009 Increases Repayments discounting effects and other Translation adjustment August 31, 2010 Principal 500 500 Debt issuance costs (1) (1) Accrued interest 9 1 10 ToTAL 508 1 509 Effective rate 2009 bond issue – €880 billion 4.55% 4.55% Principal Debt issuance costs and 880 880 issue premium 9 (1) 8 Accrued interest 33 (1) 32 ToTAL 922 (2) 920 Effective rate 5.97% 5.97% ToTAL 1,430 (1) 1,429 Sodexo Registration Document Fiscal 2011 127 01 02 03 04 05 06 07 08 09 10 11 12 13 14
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Fiscal 2011 Registration Document
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Registration Document Fiscal 2011 T
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P ◀ CONTENTS ▶ Message from Mic
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P ◀ CONTENTS ▶ History 01 01 Ou
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P ◀ CONTENTS ▶ The Fundamental
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P ◀ CONTENTS ▶ OUR MISSION Our
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P ◀ CONTENTS ▶ ‡ Our ambition
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P ◀ CONTENTS ▶ Titre Our Group
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P ◀ CONTENTS ▶ SODEXO HAS THREE
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P ◀ CONTENTS ▶ OUR AWARDS Sodex
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P ◀ CONTENTS ▶ 2. EMPLOYEES AND
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P ◀ CONTENTS ▶ DIVIDENDS PAID O
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P ◀ CONTENTS ▶ Titre Quality 1
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P ◀ CONTENTS ▶ Quality of Life
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P ◀ CONTENTS ▶ diverse data sou
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P ◀ CONTENTS ▶ commitments unde
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P ◀ CONTENTS ▶ The high economi
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P ◀ CONTENTS ▶ Democratic Repub
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P ◀ CONTENTS ▶ 5.3 Achievements
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P ◀ CONTENTS ▶ 6.2 Market trend
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P ◀ CONTENTS ▶ 8. EDUCATION 21.
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P ◀ CONTENTS ▶ Liceo Franco Arg
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P ◀ CONTENTS ▶ Quality of Life
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P ◀ CONTENTS ▶ themselves, enha
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P ◀ CONTENTS ▶ 4. PUBLIC BENEFI
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P ◀ CONTENTS ▶ Development of n
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P ◀ CONTENTS ▶ Economic and Soc
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P ◀ CONTENTS ▶ On the strength
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P ◀ CONTENTS ▶ The proportion o
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P ◀ CONTENTS ▶ Non-site manager
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P ◀ CONTENTS ▶ 2.2.8 Social and
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P ◀ CONTENTS ▶ 3. EMPLOYMENT IN
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P ◀ CONTENTS ▶ The Better Tomor
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P ◀ CONTENTS ▶ 2. WE DO The Bet
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P ◀ CONTENTS ▶ 2.2 Supporting L
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P ◀ CONTENTS ▶ chemical sourcin
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P ◀ CONTENTS ▶ EXAMPLES OF A BE
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P ◀ CONTENTS ▶ Titre Consolidat
Page 77 and 78: P ◀ CONTENTS ▶ 1.2 Operating pr
Page 79 and 80: P ◀ CONTENTS ▶ 2. FISCAL 2011 F
Page 81 and 82: P ◀ CONTENTS ▶ 2.2.2 Currency e
Page 83 and 84: P ◀ CONTENTS ▶ Partnership to b
Page 85 and 86: P ◀ CONTENTS ▶ 2.2.4 Motivation
Page 87 and 88: P ◀ CONTENTS ▶ Net cash used in
Page 89 and 90: P ◀ CONTENTS ▶ In the medium te
Page 91 and 92: P ◀ CONTENTS ▶ Consolidated inf
Page 93 and 94: P ◀ CONTENTS ▶ LIABILITIES AND
Page 99 and 100: P ◀ CONTENTS ▶ Companies in whi
Page 101 and 102: P ◀ CONTENTS ▶ of the date of a
Page 103 and 104: P ◀ CONTENTS ▶ ownership by the
Page 105 and 106: P ◀ CONTENTS ▶ tested for impai
Page 107 and 108: P ◀ CONTENTS ▶ If benefits unde
Page 109 and 110: P ◀ CONTENTS ▶ 2.22.3 Income ta
Page 111 and 112: P ◀ CONTENTS ▶ Fiscal 2010 (in
Page 113 and 114: P ◀ CONTENTS ▶ 4.2 Finance inco
Page 115 and 116: P ◀ CONTENTS ▶ 4.5 Property, pl
Page 117 and 118: P ◀ CONTENTS ▶ (in millions of
Page 119 and 120: P ◀ CONTENTS ▶ 4.8 Client inves
Page 121 and 122: P ◀ CONTENTS ▶ The table below
Page 123 and 124: P ◀ CONTENTS ▶ 4.11 Financial a
Page 125 and 126: P ◀ CONTENTS ▶ 4.11.4 details o
Page 127: P ◀ CONTENTS ▶ Consolidated inf
Page 131 and 132: P ◀ CONTENTS ▶ 2011. These two
Page 133 and 134: P ◀ CONTENTS ▶ Currency derivat
Page 135 and 136: P ◀ CONTENTS ▶ Amounts shown in
Page 139 and 140: P ◀ CONTENTS ▶ 4.19 Provisions
Page 141 and 142: P ◀ CONTENTS ▶ 4.21 Deferred ta
Page 143 and 144: P ◀ CONTENTS ▶ Financial assets
Page 145 and 146: P ◀ CONTENTS ▶ The expected lif
Page 149 and 150: P ◀ CONTENTS ▶ 4.26.2 Principal
Page 151 and 152: P ◀ CONTENTS ▶ 5.1.1 Analysis o
Page 153 and 154: P ◀ CONTENTS ▶ Counterparty ris
Page 155 and 156: P ◀ CONTENTS ▶ France Consolida
Page 157 and 158: P ◀ CONTENTS ▶ Africa Consolida
Page 159 and 160: P ◀ CONTENTS ▶ europe Consolida
Page 161 and 162: P ◀ CONTENTS ▶ Asia, Pacific, M
Page 165 and 166: P ◀ CONTENTS ▶ ‡ Supplemental
Page 167 and 168: P ◀ CONTENTS ▶ ISo Code Countri
Page 169 and 170: P ◀ CONTENTS ▶ Growth in the Mo
Page 171 and 172: P ◀ CONTENTS ▶ At the same time
Page 173 and 174: P ◀ CONTENTS ▶ Information Titr
Page 175 and 176: P ◀ CONTENTS ▶ 2. BALANCE SHEET
Page 177 and 178: P ◀ CONTENTS ▶ 2.1.2 Property,
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P ◀ CONTENTS ▶ 5. EXCEPTIONAL I
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P ◀ CONTENTS ▶ Information on t
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P ◀ CONTENTS ▶ 13.2 Changes in
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P ◀ CONTENTS ▶ extendable on ap
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P ◀ CONTENTS ▶ 18. RELATED PART
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P ◀ CONTENTS ▶ 26. CONSOLIDATIO
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P ◀ CONTENTS ▶ (in thousands of
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P ◀ CONTENTS ▶ III - Specific v
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P ◀ CONTENTS ▶ (in euro) employ
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P ◀ CONTENTS ▶ Titre Legal 1Inf
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P ◀ CONTENTS ▶ 1.6 Registration
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P ◀ CONTENTS ▶ Legal Informatio
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P ◀ CONTENTS ▶ 2.4.2 Share owne
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P ◀ CONTENTS ▶ 2.5.2 Internatio
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P ◀ CONTENTS ▶ Shareholders - T
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P ◀ CONTENTS ▶ 2.3 Publication
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P ◀ CONTENTS ▶ 8. BENEFITS OF B
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P ◀ CONTENTS ▶ ADJUSTED SODEXO
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P ◀ CONTENTS ▶ ‡ Capital 1. S
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P ◀ CONTENTS ▶ 3. STOCK MARKET
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P ◀ CONTENTS ▶ Titre Corporate
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P ◀ CONTENTS ▶ 1.1 Composition
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P ◀ CONTENTS ▶ • Board Member
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P ◀ CONTENTS ▶ Other positions
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P ◀ CONTENTS ▶ Peter Thompson B
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P ◀ CONTENTS ▶ 2.3 Mission of t
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P ◀ CONTENTS ▶ The Audit Commit
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P ◀ CONTENTS ▶ Board has begun
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P ◀ CONTENTS ▶ 3.2 Group Polici
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P ◀ CONTENTS ▶ 3.2.5 Informatio
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P ◀ CONTENTS ▶ Executive Commit
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P ◀ CONTENTS ▶ 3.8.1 The risk i
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P ◀ CONTENTS ▶ Corporate Govern
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P ◀ CONTENTS ▶ Corporate Govern
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P ◀ CONTENTS ▶ ‡ Compensation
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P ◀ CONTENTS ▶ SUMMARY OF COMPE
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P ◀ CONTENTS ▶ 2. COMPENSATION
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P ◀ CONTENTS ▶ Total compensati
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P ◀ CONTENTS ▶ expiration date
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P ◀ CONTENTS ▶ exercise price (
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P ◀ CONTENTS ▶ Name date of Boa
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P ◀ CONTENTS ▶ ‡ Audit fees (
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P ◀ CONTENTS ▶ Combined Annual
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P ◀ CONTENTS ▶ It is therefore
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P ◀ CONTENTS ▶ trading sessions
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P ◀ CONTENTS ▶ Combined annual
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P ◀ CONTENTS ▶ Titre Glossary 1
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P ◀ CONTENTS ▶ Intensity risk R
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P ◀ CONTENTS ▶ P ◀ CONTENTS
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P ◀ CONTENTS ▶ Responsibility f
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P ◀ CONTENTS ▶ Titre Reconcilia
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P ◀ CONTENTS ▶ Reconciliation t
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PEFC/10-31-1190 FCBA/08-00860A Publ
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