DERICHEBOURG - Universal registration document 2019-2020

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Financial statements Consolidated financial statements for the year ended September 30, 2020, in compliance with IFRS Accounting policies, rules and methods

Accounting policies, rules and methods 2.

General policies 2.1 In accordancewith Europeanregulation1606/2002of July 19,2002 on internationalstandards, the DerichebourgGroup’s financial statements on September 30, 2020 were prepared in accordance with the standards and interpretations published by the International Accounting Standards Board (IASB) and adopted by the European Union. The above standardsand interpretationsare availableon the European Commission’s website (https://eur-lex.europa.eu/legal-content/EN/TXT/? uri=CELEX:32002R1606a)nd includeInternationalAccountingStandards (IAS) and International Financial Reporting Standards (IFRS), and interpretationsissued by the Standing InterpretationsCommittee (SIC) and by the InternationalFinancial Reporting InterpretationsCommittee (IFRIC). The accountingpolicies used are identical to the previous year, except for the impact of the first-timeadoptionof IFRS 16. Segmentdata is also unchangedfrom the previousyear. The financial statementswere drawn up in accordancewith the going concernprinciple. The consolidatedfinancialstatementsof the DerichebourgGroup for the year ended September 30,2020 are available upon request from the Company’sregisteredoffice located at 119, avenuedu Général Michel Bizot, Paris, or on its websitwe,ww.derichebourg.com. Standardsand interpretations applicabtleo the 2.1.1 fiscal year beginning October 1, 2019 The standardsand interpretationsadoptedby the EuropeanUnion and which are required to be applied to the Derichebourg Group consolidatedfinancial statements starting on or after October 1, 2019 are as follows: annual improvementsto IFRS cycle2015-2017; p amendments to IAS 19 “Plan Amendment, Curtailment or p Settlement”; amendments to IAS 28 “Long-terminterests in associates and joint p ventures”; amendments to IFRS 9 “Prepayment features with negative p compensation” applicable to fiscal years beginning on or after January 1,2019; amendmentsto IFRS 16“Covid-19-relatedrent concessions”; p IFRIC 23 “Uncertainty over income tax treatments” applicable to p fiscal years beginningon or after January 1,2019; IFRS 16“Leases”. p

IFRS 16 “Leases”,applicableto fiscal years beginningon or after January 1,2019 IFRS 16 “Leases” comes into force for the Group as of October 1, 2019. It replaces IAS 17 and the associated IFRIC and SIC interpretations.Under IFRS 16, the definitionof a lease is based on the right of use. Henceforth,a lease is consideredto be any lease, contract, or part of a contract,giving the right to use a specifiedasset for a given periodof time in exchangefor periodicpayment. The lesseemust recognize: non-currentassetswhich representthe right to use the leasedasset; p a financialdebt representingthe obligationto pay rent; p depreciationof the right of use and intereston the rental liability. p For the first-time application of IFRS 16, the DerichebourgGroup has decided to apply the simplified retrospectiveapproach, as proposedby the standard. The restatementof leases falling within the scope of the standardconsists of recognizingthe right to use the leased asset and a lease liability, adjusted for the amount of rent paid in advance and benefits received from lessors. The Group has decided to apply the followingexemptions,as providedfor in the standard: leases of less than 12 months; p leases of low-valueassets. p Rents from contracts excluded from the IFRS 16 scope are recognized under non-recurringexpenses. Having laid down the framework of its IFRS 16 project in 2018, the Group continued its work in 2019 with the listing of its lease agreements,followedby their gatheringtogether. To assess the impacts of the leases and for their operationalfollow-up, the Groupopted for an IT solutionallowing: centralizationof lease data; p continuationof initial conditions; p additionof lease lifecycleevents; p generationof the statement of asset depreciationand statement of p accountingdepreciationof the liability.

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