EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements Notes to the consolidated fi nancial statements

Note 6 Investments in associates

09/30/2019

09/30/2020

(in € thousands)

OPENING NET VALUE

3,519

3,261

Acquisitions

-

-

Change in Group structure

-

-

Share in earnings of equity-accounted associates

371

258

Dividend distribution

(539)

-

Disposals/deconsolidation

-

-

Other net changes (incl. foreign exchange)

-

-

CLOSING NET VALUE

3,351

3,519

This concerns POMMIER, a company 47% held by Groupe HARDI France, a direct subsidiary of HARDI International AS.

Note 7 Non-current fi nancial assets

5

09/30/2019

09/30/2020

Net

Gross

Depreciation

Net

(in € thousands)

Equity interests

733

(0)

733

414

Receivables on equity interests

-

-

-

-

Other equity securities

3

(1)

2

2

Loans

180

-

180

40

Other non-current fi nancial assets

1,277

(187)

1,090

1,091

TOTAL

2,193

(188)

2,005

1,548

Other non-current fi nancial assets mainly include security deposits.

Note 8 Inventories and work-in-progress

09/30/2019

09/30/2020

Net

Gross

Depreciation

Net

(in € thousands)

Raw materials

114,154

(22,992)

91,163

98,250

Work-in-progress (goods and services)

17,653

(565)

17,088

15,308

Semi- fi nished and fi nished goods

57,708

(3,412)

54,296

55,529

Trade goods

70,946

(13,735)

57,212

59,236

TOTAL

260,461

(40,703)

219,759

228,323

EXEL Industries group I 2020 Universal Registration Document

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