EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements 5

Notes to the consolidated fi nancial statements

Percentage controlled

Percentage held

Method of consolidation

Name

09/2019

09/2019

09/2020

09/2020

HOLMER Czech Republic

100.00%

100.00%

100.00%

100.00%

FC

HOLMER USA

100.00%

100.00%

100.00%

100.00%

FC

HOLMER Turkey

100.00%

100.00%

100.00%

100.00%

FC

French subsidiaries: HOLMER Exxact

100.00%

100.00%

100.00%

100.00%

FC

HOLMER France

100.00%

100.00%

100.00%

100.00%

FC

Minworth Property UK

100.00% 100.00% 100.00% 100.00%

FC

ETWorks Inc. (USA)

100.00% 100.00% 100.00% 100.00%

FC

ET Ag Center (LLC)

100.00%

100.00%

100.00%

100.00%

FC

ETWorks Retail (LLC)

100.00%

100.00%

100.00%

100.00%

FC

ETWorks Canada, Ldt

100.00%

100.00%

FC

FC: Full consolidation – EM: Equity method – NC: not consolidated, now outside scope – NA: not applicable.

 During the fi scal year:  the SAMES KREMLIN group sold SAMES KREMLIN South Africa to its local manager,  the TRICOFLEX group fi nalized the closure of its trading company HOZELOCK TRICOFLEX GmbH in Germany,  CARUELLE NICOLAS SAS changed its name to NICOLAS Sprayers SAS. Impact of changes in the scope of consolidation on the fi nancial statements as of September 30, 2020 (in millions of euros):

Changes in consolidated Group structure  On November 4, 2019, EXEL Industries group announced the creation of “EXXACT Robotics”, a company specialized in precision agricultural technologies, implementing artificial intelligence, robotics, electronics and agronomy.  On February 3, 2020, the SAMES KREMLIN group acquired 100% of German company iNTEC GmbH & Co. KG. The acquired company manufactures and markets gluing equipment for the automotive industry, mainly in bodywork assembly plants.  On April 1, 2020, BERTHOUDAgricole and TECNOMATechnologies spun o ff their commercial activities, which are respectively housed in the new subsidiaries BERTHOUD (SASU) and TECNOMA (SASU).  On April 27, BERTHOUD Agricole and TECNOMA Technologies changed their company names to GAMA Technologies and SUPRAY Technologies respectively.

 on consolidated sales: €27.9 million;  on operating pro fi t: -€2.0 million;  on non-current assets: €46.8 million;  on current assets: €35.8 million;  on non-current liabilities: €0.3 million;  on current liabilities: €25.6 million.

Note 3 Goodwill

3.1

Movements during the fi scal year

09/30/2019

09/30/2020

(in € thousands)

OPENING NET VALUE

65,192

64,462

Changes in consolidated Group structure:

-

-

Increases

25,008

-

Decreases

-

-

Impairment

(26,282)

-

Other net changes (foreign exchange e ff ect)

(902)

730

CLOSING NET VALUE

63,015

65,192

EXEL Industries group I 2020 Universal Registration Document

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