NEOPOST - 2018 Registration document

6

Financial statements

Neopost S.A. statements of financial position

31 January 2019

31 January 2018

Investments – Gross value Mail Finance

8.6

8.6

Mailroom Holding BV Mailroom Holding Inc.

26.0

26.0

246.2

246.2

Neopost AG

12.5

12.5

Neopost Asia-Pacific (Holding) Pte Ltd

2.9 9.3

2.9 9.3

Neopost Canada Ltd Neopost Denmark A/S

16.1 15.0

16.1 15.0

Neopost Finance (Ireland) Ltd Neopost Finance Finland Oy

0.0 2.9

0.0 2.9

Neopost Finland Oy

Neopost France

194.9

194.9

Neopost GmbH & Co. KG Neopost Holdings Ltd Neopost Holdings Pty Ltd

43.3 77.9 43.2

43.3 77.9 43.2

Neopost Industrie Neopost Ireland Ltd

0.0 1.0 3.1 0.0 4.5 0.5 4.6 2.5

0.0 1.0 3.1 0.0 4.5 0.5 4.6 2.5

Neopost Japan

Neopost Mailing Logistic Systems

Neopost Norge AS

Neopost Nv

Neopost SDS Ltd Neopost Services

Neopost Shipping Holding Pty Ltd

20.5

20.5

Neopost Shipping

7.2 1.3

7.2 1.3

Neopost Srl

Neopost Sverige AB

11.0 33.7

10.7 33.7

Neopost Technology (Holdings) Ltd Neopost Verwaltung GmbH Neotouch Cloud Solutions Dac

3.3 0.0

3.3 0.0

Quadient Group AG

132.3

132.3

Rena GmbH Packcity SAS

6.3 1.3 0.1 2.4

6.3 0.5 0.1 2.4 0.1 4.0 3.8

AMS Investissement Docapost BPO IS

X’Ange Capital X’Ange Capital 2

-

4.2 4.4

Partech Entrepreneur II

Investments – Total gross value

943.0 399.5

941.2 543.8

Loans to subsidiaries

Equity loan to Neopost Mailing Logistic Systems

0.3 1.0

0.3 1.1

Liquidity contract Total gross value

1,343.8

1,486.4

Impairment on investments Neopost SDS Ltd

(4.6) (6.3)

(4.6) (6.3)

RENA GmbH

Neopost Shipping Holding Pty Ltd Investments - Total impairment

(20.5) (31.4) (26.0) (57.4) 1,286.4

-

(10.9)

Loans- Total impairment

-

Total impairment TOTAL NET VALUE

(10.9) 1,475.5

the increase of 24.9 million euros in long-term loans to the • Group’s subsidiaries including a reclassification from long term to short term of Neopost Finance (Ireland) Ltd loan for an amount of (169.2) million euros. An impairment test was carried out on Neopost S.A. financial assets as at 31 January 2019. It leads to the followings: full depreciation of the investment in Neopost Shipping • Holding Pty Ltd (subsidiary holding Temendo) for an amount of 20.5 million euros; depreciation of Neopost Shipping Hoding Pty Ltd's loans for • an amount of 26.0million euros.

Changes in the financial assets gross value over the period are mainly due to: the increase in Neopost Sverige AB participation of • 0.4million euros; the increase in Packcity SAS participation of 0.8million • euros; the purchase of the stake in X’Ange Capital 2 for • 0.2 million euros; the purchase of the stake in Partech Entrepreneur II for • 0.6 million euros;

186

REGISTRATION DOCUMENT 2018 / NEOPOST