EXEL industries - 2019 Universal Registration Document

Separate fi nancial statements 5

Notes to the parent company fi nancial statements

At the end of the fi scal year, the provision for severance payments amounted to €75 c thousand, broken down as follows: „ Liabilities/pension obligations - excluding social security contributions €79 c thousand „ + c Social charges c (45% of liabilities) €35 c thousand „ - Unrecognized actuarial gains and losses -€39 c thousand = Total provision (including social security contributions) €75 c thousand Other provisions for contingencies and expenses Aprovision for risks in subsidiary companies continues on the balance sheet in the amount of €554 c thousand. These provisions were recorded in the parent company’s fi nancial statements to protect the subsidiaries’ interest in ongoing disputes and legal proceedings. Moreover, a restructuring provision was created in the amount of €102 c thousand at the end of the fi scal year. This was for advisory services relating to the restructuring of the Agricultural Spraying Division which was in progress at the close of the fi scal year. 13.3

14. Advances to executive o ffi cers No advances or loans were granted to executive officers for the period under review. Related-party transactions The Company carries out transactions with related parties that are not of a material nature, or are concluded on normal terms, or excluded from the scope of application of the French accounting standards authority (ANC) Regulation Nos. c 2010-02 and 2010-03. 15.

16.

Trade receivables and payables

Statement of receivables

Separate fi nancial statements (in € thousands)

Gross amount

Up to 1 c year More than 1 c year

Receivables from equity interests

175,955

14,473

161,482

Other non-current fi nancial assets

949

949

Trade receivables

3,206

3,206

Tax and employee-related receivables

12,358

12,358

Group and associates (related parties)

90,324

90,324

Other receivables and accruals

542

542

TOTAL

283,334

120,903

162,431

Loans granted in the fi scal year

66,000

Repayments received in the fi scal year

14,321

Detail on income receivable „ Customers - Invoices to issue.....................................................€0 c thousand „ Suppliers - Receivables................................................................... €3 c thousand „ Accrued tax refunds......................................................................€129 c thousand „ Misc. accrued assets....................................................................€364 c thousand „ Accrued interest receivable .........................................................€7 c thousand „ Total accrued income........................................................ €503 c thousand

EXEL Industries Group I 2019 Universal Registration Document

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