EXEL Industries // 2020 Universal registration document

Consolidated fi nancial statements 5

Notes to the consolidated fi nancial statements

Provisions for retirement varied as follows for the fi scal year:

Gross

Social charges Total 09/30/2020

Total 09/30/2019

(in € thousands)

PROVISIONS AT THE BEGINNING OF THE FISCAL YEAR

23,884

3,893

27,776

28,282

Cost for the fi scal year

2,422

294

2,717

4,609

Actuarial gains and recognized in equity

3,158

(216)

2,943

997

Retirement bene fi ts paid

(498)

(224)

(722)

(693)

Expected return on plan assets

(1,493)

-

(1,493)

(1,897)

Contributions paid to plans

(2,335)

-

(2,335)

(2,211)

Job protection plan

-

-

-

(1,342)

Change in exchange rates

(510)

-

(510)

30

Change in Group structure

-

-

-

-

PROVISIONS AT THE END OF THE FISCAL YEAR

24,628

3,747

28,376

27,776

The sensitivity of the discount rate commitment is shown in the table below:

with a decrease of 0.5% discount rate

with an increase of 0.5% discount rate

Total 09/30/2020

(in € thousands)

Pension liabilities at the end of the fi scal year

105,529

113,129

98,418

Note 14 Analysis of fi nancial debt by nature

Consolidated (in € thousands)

09/30/2019

09/30/2020

Short-term facilities for operations and bank overdrafts – France and other countries (2)

54,022

41,052

Lease liabilities (1)

13,434

765

Bank borrowings – France and other countries (3)

100,755

72,191

Shareholder current account

17,666

35,561

Payables on employee pro fi t sharing

558

763

Other borrowings

454

502

Regulated government subsidies (4)

3

3

TOTAL FINANCIAL DEBT

186,892

150,837

According to the maturities below: Non-current portion (> 1 year)

53,923

57,081

Current portion (< 1 year)

132,969

93,756

TOTAL FINANCIAL DEBT

186,892

150,837

2. Foreign short-term bank borrowings amounted to €7.1 million. These primarily concern the foreign subsidiary in Denmark. 3. Loans from credit institutions can be broken down as follows:

The average rate of interest for the fi scal year was 1.5%, compared with 2% in the previous fi scal year. The comparative data for 2019 have not been restated for the application of IFRS 16. 1. Lease liabilities include fi nance leases and operating leases that have been recognized as fi xed assets and fi nancial debt (see chapter 5 note 1.13 – IFRS 16).

EXEL Industries group I 2020 Universal Registration Document 74