Registration Document

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Information on the Issuer
Notes to the Individual Company Financial Statements
‡ Notes to the Individual Company
Financial Statements
1. SIGNIFICANT EVENTS
1.1 Capital transactions
During Fiscal 2011, Sodexo SA purchased 3,983,626 of
the company’s shares for a total of 211,537,073 euro.
Of these shares, 2,048,687 were purchased from the
Fonds Stratégique d’Investissement (French strategic
investment fund).
1.2 Borrowings
On March 29, 2011, Sodexo SA issued 600 million
U.S. dollars in fixed-rate bonds via a private placement
with U.S. investors.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The individual company financial statements have
been prepared in accordance with the plan comptable
général of 1999 and regulation no. 99-03 issued by
the Comité de la Réglementation Comptable (CRC).
The accounting policies applied in preparing
the individual company financial statements
in Fiscal 2011 are the same as those applied in
Fiscal 2010. The financial statements have been
prepared using the historical cost convention.
Amounts in tables are in thousands of euro.
Exceptional items comprise items that do not relate
to ordinary activities, and certain items that do relate
to ordinary activities but are of an exceptional nature.
The balance sheet and income statement of Sodexo SA
include amounts for branches in France and in French
overseas departments and regions.
Sodexo Registration Document Fiscal 2011
On July 18, 2011, Sodexo SA contracted a
multicurrency confirmed facility for a maximum
of 600 million euros plus 800 million U.S. dollars,
and on July 20, 2011 it canceled the April 2005
multicurrency facility prior to its expiration. These
two transactions allowed the Group to take advantage
of favorable market conditions and extend the
maturity of its borrowings.
2.1 Fixed assets
Fixed assets are valued at acquisition cost or historical
cost. Acquisition cost comprises the amount paid plus
all incidental costs directly related to the acquisition
or to the installation of the asset, and incurred to
enable the asset to function as intended.
Depreciation is calculated over the useful life of
the asset using the straight-line method, which is
considered to best reflect the underlying economic
reality.
2.1.1 Intangible assets
P ◀ CONTENTS ▶
Software is amortized over four to five years,
depending on its useful life.