Registration Document

P ◀ CONTENTS ▶
5. EXCEPTIONAL ITEMS, NET
Information on the Issuer 07
Notes to the Individual Company Financial Statements
(in thousands of euro) Fiscal 2011 Fiscal 2010
Net change in provision for negative net assets of equity investments 2,371 5,845
Net expense on treasury shares and commitments under stock option plans (16,505) (10,728)
Net change in other provisions for contingencies and losses (3,115) (3,243)
Net change in provisions for tax losses reclaimable by subsidiaries
included in group tax election 2,606 (17,140)
Debt forgiveness/subsidies given (3,105)
Net loss on asset disposals (2,581) (380)
Other items 289 428
ToTAL (20,040) (25,218)
The net loss of 16,505 thousand euro on treasury
shares and purchase commitments for stock option
plans comprises:
• an increase of 16,197 thousand euro in the
provision for stock options;
6. ANALYSIS OF INCOME TAX EXPENSE
• a release of 11,238 thousand euro of the provision
for Sodexo SA shares to be acquired;
• a loss on stock options of 11,546 thousand euro.
(in thousands of euro) Pre-tax income Income taxes After-tax income
Operating income 116,023 (40,445) 75,578
Financial income and expense, net 190,686 25,677 216,363
Exceptional items, net (20,040) 29,809 (1) 9,769
Employee profit-sharing (62) 20 (42)
ToTAL 286,607 15,061 301,668
(1) This amount includes the 16,797 thousand euro tax gain arising from the French group tax election.
A profit sharing agreement was put in place covering employees of the issuer effective in Fiscal 2010.
Sodexo Registration Document Fiscal 2011
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