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This icon indicates the use of an estimate or judgement. In the absence of standards or interpretations applicable to a specific transaction, the management of Edenred uses judgement to define and apply the accounting methods that will provide relevant and reliable information, so that the financial statements present a true and fair view of the financial position, the financial performance and the cash flows of the Group, and show the economic reality of transactions.

 

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Note 1 Presentation of the Group and basis of preparation of the consolidated financial statements
1.1 Business overview

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting over 50 million users and 2 million partner merchants in 46 countries via roughly 900,000 corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and Corporate Payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2021, thanks to its global technology assets, the Group managed close to €30 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

 

1.2 Management of the Group’s capital structure

The Group’s main capital management objective is to maintain an “investment grade” credit rating and robust capital ratios in order to facilitate business operations and maximize shareholder value.

Its capital structure is optimized to keep pace with changes in economic conditions by adjusting dividends, returning capital to shareholders or issuing new shares.

 

1.3 Information about the parent company Edenred SE

Registered name: Edenred

Registered office: 14-16 boulevard Garibaldi, 92130 Issy-les-Moulineaux – France

The Company, initially incorporated as a French limited liability company (société anonyme), was converted to a European Company (Société Européenne, Societas Europaea) pursuant to a decision of the Extraordinary General Meeting of 11 May 2021. It is governed by applicable European Union law and French law provisions in force, and these bylaws.

Société Européenne à conseil d’administration (European joint-stock company with a Board of Directors) with share capital of €499,176,118, registered in France

Registered on the Nanterre Trade and Companies Register under No. 493,322,978

NAF code: 7010Z

These financial statements for the year ended December 31, 2021 were approved for publication by the Board of Directors of Edenred on February 21, 2022. They will be submitted for shareholders’ approval during the General Meeting on May 11, 2022.