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4.26.2 Principal shareholder
As of August 31, 2011, Bellon SA held 37.71% of the
capital of Sodexo SA.
During Fiscal 2011, Bellon SA invoiced Sodexo SA a
total of 5.2 million euro for assistance and advisory
services under a contract between the two companies.
During the first half of Fiscal 2011, the Annual
Shareholders’ Meeting of Sodexo approved the
(in millions of euro)
Gross value as of
August 31, 2011
Consolidated information 06
Notes to the Consolidated Financial Statements
payment of a dividend of 1.35 euro per share.
Consequently, Bellon SA received a dividend
payment of 80 million euro in February 2011.
4.26.3 Unconsolidated companies
Other transactions with related companies comprise
loans advanced, commercial transactions, and off
balance sheet commitments involving associates and
non-consolidated companies.
Impairment as of
August 31, 2011
Carrying amount as
of August 31, 2011
Carrying amount as
of August 31, 2010
Loans 64 0 64 89
off balance sheet commitments August 31, 2011 August 31, 2010
Commitments to third parties 8 8
Performance bonds given to clients 134 141
Transactions Fiscal 2011 Fiscal 2010
Revenues 273 282
Operating charges 0 1
Net financial result 5 5
4.27 Group employees
As of August 31, 2011, Group employees comprised:
August 31, 2011
Executives, middle management, site managers and supervisory staff 47,658
Front-line service staff and other employees 343,490
ToTAL 391,148
Group employees by activity and region were as follows:
North
America
Continental
europe
on-site Service Solutions
United Kingdom
and Ireland
Rest of
the world Total
Motivation
Solutions
Holding
Companies Total
ToTAL 124,896 100,108 34,846 127,364 387,214 3,508 426 391,148
4.28 Litigation
Sodexo is involved in litigation arising from its
ordinary activities. The Group does not believe that
liabilities relating to such litigation will in aggregate
be material to its activities or to its consolidated
financial position.
To the best of the Company’s knowledge, there have
been no other governmental, judicial or arbitral
proceedings (including any such proceedings which
are pending or threatened of which Sodexo is aware)
which may have, or have had in the past 12 months,
material effects on Sodexo and/or the Group’s
financial position or profitability.
Sodexo Registration Document Fiscal 2011
147
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