Registration Document

P ◀ CONTENTS ▶
Consolidated information 06
Notes to the Consolidated Financial Statements
Sodexo SA is a société anonyme (a form of limited liability company) domiciled in
France, with its headquarters located in Issy-les-Moulineaux.
Sodexo’s consolidated financial statements for the fiscal year-ended August 31, 2011
were approved by the Board of Directors on November 7, 2011 and will be submitted
to the Annual Shareholder’s Meeting on January 23, 2012.
1. SIGNIFICANT EVENTS
As stated in note 4.16, on March 29, 2011 Sodexo SA
issued fixed interest bonds for 600 million U.S. dollars
in a private placement with U.S. investors. On July 18,
2011, Sodexo SA also contracted a multicurrency
confirmed credit facility for a maximum of 600 million
euro plus 800 million U.S. dollars, and on July 20,
2011 cancelled the April 2005 multicurrency facility
in advance of its expiration date. These two funding
transactions enabled Sodexo to take advantage of
market conditions and extend the maturity of its
borrowings.
2. ACCOUNTING POLICIES
2.1 Basis of preparation
of the financial statements
2.1.1 Basis of preparation of financial
information for Fiscal 2011
Pursuant to European Regulation 1606/2002 of
July 19, 2002, the consolidated financial statements of
the Sodexo Group have been prepared in accordance
with international financial reporting standards (IFRS)
as issued by the International Accounting Standards
Board (IASB) and approved by the European Union
as of the balance sheet date. A comprehensive list
of accounting standards adopted by the European
Union is available for consultation on the European
Commission website at http://ec.europa.eu/internal_
market/accounting/ias/standards_en.htm.
Information for the comparative year presented has
been prepared using the same principles.
As mentioned in paragraph 4.29 “Post-Balance Sheet
Events”, on September 6, 2011, Sodexo acquired
Puras do Brasil, becoming the leader in Brazil’s fastgrowing
On-site Service Solutions market.
Also, on August 1, 2011 Sodexo SA signed a
contract to acquire the French company, Lenôtre.
This transaction was subject to approval by the
competition authorities and closed on September 22,
2011. This acquisition will enable Sodexo to grow its
portfolio of Prestige activities in France and globally,
and to develop its savoir faire in the field of luxury
gastronomy, thereby strengthening its client offering.
The IFRS application dates as approved by the
European Union are the same as those for the IFRS
standards published by the IASB during the past
three years, given Sodexo’s balance sheet date.
Consequently, any difference between the two sets
of standards arising out of delays in approval by
the European Union had no impact considering
the application date of the related standards or
interpretations.
Finally, the Group continues to assess the impact of
IFRIC 4 and IFRIC 12 since their required application
date, but has not made any adjustment in the absence
of any significant investment.
Certain comparative information has been reclassified
in order to conform to the Fiscal 2011 presentation.
Sodexo Registration Document Fiscal 2011
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