EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements Notes to the consolidated fi nancial statements

Note 11 Cash and cash equivalents

09/30/2019

09/30/2020

(in € thousands)

Marketable securities

3

3

Cash and Cash equivalent

99,289

88,960

TOTAL

99,291

88,963

The Company does not have any investment portfolios of equity securities.

Note 12 Share capital

At 09/30/2020, the parent company’s share capital consisted of 6,787,900 ordinary shares with a par value of €2.50 per share. The Company does not have any dilutive instruments. There were no corporate actions in the fi scal year under review. At September 30, 2020, there were 2,690 treasury shares. Policy for managing equity Equitymanagement involves mainly determining the level of current and future share capital and the policywith respect to the distribution of dividends.

The Group’s management policy is based on ensuring a su ffi cient level of equity to ensure that the Group’s fi nancial structure remains sound. The proper level of equity is monitored on the basis of gearing (net fi nancial debt to equity). The Group has also set up a liquidity contract to facilitate trading of its shares on the market. This liquidity agreement does not permit the use of signi fi cant amounts of capital and allows for only marginal intervention in the trading of the Company’s shares on the market.

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Note 13 Provisions for contingencies and expenses

13.1 Breakdown of provisions by nature and changes in the fi scal year

Actuarial gains and losses (placed in reserve)

Changes in scope & foreign exchange 09/30/2020

Reversal (used provisions)

Reversal (unused provisions)

Reclassi fi cation of accounts and others

Consolidated (in € thousands)

09/30/2019 Allowance

Provisions for contingencies

33,739

9,988 (16,062)

(1,008)

-

(62)

26,595

Provisions for expenses

29,832

1,157

(3,106)

(14)

2,949

-

(553)

30,265

TOTAL

63,571

11,145 (19,168)

(1,022)

2,949

-

(615)

56,860

Of which non-current provisions

47,072

45,971

Of which current provisions

16,499

10,889

TOTAL

63,571

56,860

13.2 Breakdown between current and non-current provisions As a rule, provisions for contingencies and expenses are classi fi ed as non-current liabilities as their due date is known with precision except if at the closing date the Company knows that certain provisions will result in out fl ows in the next fi scal year. In this latter case, provisions in question are classi fi ed as current liabilities.

EXEL Industries group I 2020 Universal Registration Document

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