Derichebourg // 2020-2021 Universal Registration Document

2

Risk factors and internal control Internal control

Internal control procedures related 2.3.5 to the preparation and processing of financial and accounting information Internal control procedures related to the preparation and processing of financial and accounting information are mainly prepared under the supervision of General Management by the Finance and Accounting Department, which reports directly to General Management. The operating subsidiaries are responsible for implementation. Most of these procedures are frequently modified to ensure that they meet the Group’s requirements. The Group’s Finance and Accounting Department is responsible for preparing Derichebourg’s corporate financial statements and the Group’s consolidated financial statements. For this, it is supported by the organization described below. The role of corporate governance bodies The Board of Directors reviews and approves the annual financial statements of Derichebourg and the Group’s consolidated financial statements. The main accounting options used are brought to the attention of the Audit Committee. The Group’s earnings for the period, consolidated balance sheet and financial position are examined at this meeting. The Statutory Auditors express their findings upon completion of their audit. The accounting and financial organization Definition and communication of the Group’s accounting policies, both for the separate financial statements and the consolidated financial statements under IFRS.

New legislation and regulations are monitored to assess their potential impact on the Group’s accounts. Monthly closing: each subsidiary closes its accounts on a monthly basis. They are then subjected to an accounting analysis and a management analysis by the division’s operational and financial staff. Definition and communication of instructions for closing the books. Prior to each stage of the consolidation process, the Accounting Department circulates consolidation packs, closing assumptions (table of rates), the scope of data to be provided and its schedule. This information is sent to the Group subsidiary administrative and financial managers. Development, installation and maintenance of the IT consolidation tools. Standardization of the IT tools (configuration, maintenance, communication and verification of data) secures and harmonizes data processing. Communicating accounting and financial information to the Group’s administrative and management bodies, and verifying financial information prior to its circulation. Information systems The subsidiaries use the same accounting software in all French entities and in some European services subsidiaries. There are also “business-specific” applications that record business flows and translate them into accounting flows. Controls are performed to check that transactions are correctly and exhaustively recorded. To ensure that these applications operate correctly, they are maintained in-house or by a contractor.

DERICHEBOURG 2020/2021 Universal Registration Document 49