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

awards are determined based on a discounted calculation taking into account assumptions about the probability of employees remaining with the Company,as well as a 0.6%discount rate. The bonuses are paid according to the service period required for the serviceawards: silver 20 years: p €500 vermeil 30 years: p €800 gold 35 years: p €1,100 grand gold 40 years: p €1,500 Current provisions 2.3.17.2 Current provisionsrepresentprovisionsdirectly related to the operating cycle of each business line, whatever the term required for their reversal. The provisions for other current risks are mainly provisions for late-deliverypenalties, provisions for individual redundanciesand other risks arising frombusinessoperations. Non-current provisions 2.3.17.3 Non-current provisions represent provisions not directly related to the operating cycle and whose term is generally greater than one year. They are mostlyprovisionsfor litigation. Non-currentprovisions for a term of less than one year are recognized on the balancesheet under current provisions. Provisions for environmentalrisks 2.3.17.4 Provisions for environmental risks are establishedwhenever there is a legal or contractual requirement to restore an operating site, or whenever the Company is deemed liable for a quantifiable environmental risk. These provisions are measured on a site-by-site basis by estimatingthe cost of the work (see section 1.5.2.1). Business Services By its very nature, Business Services has a very low environmental impact. Environmental issues are managed by the Quality, Safety and Environment (QSE) Department and form an integral part of each entity’s general policies. QSE contacts within the various entities are responsible for implementing environmental initiatives and have the role of: ensuringcompliancewith regulations; p responding to client demands such as external evaluation p questionnaires required by some of our major clients (such as Ecovadis and CarbonDisclosureProject assessments).External audits are also conductedby clients; drawing up CSR diagnostics and implementingaction plans. These p impacts are taken into considerationwithin the context of the global Corporate Social Responsibility initiative defined as a result of a diagnosis conducted using the approach described by the French Federationof CleaningCompanies(FEP).

Pension commitments anodther 2.3.16 employee benefits Pension commitment The Groupapplies revised IAS 19.

Commitments arising from defined benefit pension plans for both active and retired employees are indicated on the balance sheet. They are determinedaccordingto the projectedunit credit methodbased on annual evaluations.The actuarial assumptionsused to determine these commitmentsvary in accordancewith the economic conditions of the country in which the plan is in effect. For externally managed and funded defined benefit plans (pension funds or insurancecontracts),the fair value surplus or deficit in relation to the present value of the obligationsis recognizedas a balance sheet asset or liability. Surplus assets are only recognized on the balance sheet if they representa future economicbenefit for the Group. The past service cost represents benefits granted either when the business adopts a new defined benefit plan or when it modifies the level of benefits from an existing plan. Once new benefit rights are vested following the adoption of a new plan, the past service cost is immediatelyrecognizedin the incomestatement.Conversely,when the adoptionof a new plan gives rise to the vestingof rights subsequentto its implementation date, the past service cost is recognized as an expense, on a straight line basis, over the average period left to run until the correspondingrights are fully vested. Actuarial gains and losses result mainly from the effects of changes to the actuarial assumptions and adjustments related to experience (differences between the actuarial assumptions used and the reality observed).They are recognizedin other comprehensiveincome. Expensesrecognizedover the fiscal year includeadditionalrights vested for an additional year of service, changes to existing rights at opening due to financial discounting, the expected return on plan assets, past service costs and the effect of any curtailments or settlements. The portion relating to additional rights is recognized under personnel expenses and the financial cost of net liabilities is recognized in the incomestatement. Provisions 2.3.17 Provisions are liabilitieswhose due date or amount cannot be precisely determined. They are calculated based on the discounted amount correspondingto the best estimate of the resources required to meet the obligation. Provisions for business disputes concern, for the most part, employment disputes. They are calculated on a case-by-case basis in Environmental Services and, considering the number, on a statistical but nominalbasis in BusinessServices. Provisions for restructuringinclude the cost of the plans and measures decided on, where these have been announced before the year-end date.

Provisions for serviceawards 2.3.17.1

In EnvironmentalServices, a bonus linked to service awards is given to employees after a certain number of years of service. The service

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