Registration Document

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Consolidated information 06
Notes to the Consolidated Financial Statements
The table below gives the exercise price of options outstanding as of August 31, 2011:
date of grant
exercise price
(USD)
Number of options outstanding
as of August 31, 2011
November 6, 1997 29.99 11,415
4.24 Business combinations
There were no material acquisitions in either Fiscal 2010 or Fiscal 2011.
4.25 Commitments and contingencies
4.25.1 Sureties
Commitments arising from surety arrangements (pledges, charges secured against plant and equipment, and real
estate mortgages) contracted by Sodexo SA and its subsidiaries in connection with operating activities during
Fiscal 2011 are immaterial.
4.25.2 operating lease commitments
Outstanding commitments arising in respect of operating leases are as follows:
(in millions of euro) August 31, 2011 August 31, 2010
Less than 1 year 127 123
1 to 5 years 268 252
More than 5 years 104 109
ToTAL 499 484
These commitments arise under a large number
of contracts worldwide, the terms of which are
negotiated locally. They relate primarily to:
• equipment on sites, office equipment and vehicles
for 138 million euro, compared to 120 million euro
for Fiscal 2010;
• the rent for office premises of 340 million euro,
compared to 337 million euro for Fiscal 2010.
The 12-year leases signed on October 19, 2006 in
connection with the relocation of the corporate
headquarters to Issy-les-Moulineaux in 2008
increased operating lease commitments for office
premises by 45 million euro. The leases and
lease renewals signed by Sodexo France and
Sodexo, Inc. for their office premises represent
operating lease commitments of 35 million euro
and 26.1 million euro respectively.
Sodexo Registration Document Fiscal 2011
145
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