NEOPOST - 2018 Registration document

6

Financial statements

Neopost S.A. statements of financial position

Note 9

Contingency and loss provisions

Contingency and loss provisions, accounted for in accordance with CRC regulation no. 2000-06, are intended to cover risks and expenses that are likely because of past or on-going events, and whose amount or maturity are

uncertain. The provision amount corresponds to the best estimate of the cash-out with no equivalent offset.

31 January 2019

31 January 2018

Added

Used Non-used

Maturity

Contingency provisions Unrealized foreign exchange losses

12.0

-

-

(8.7)

3.3

n/a

Total contingency provisions

12.0

-

-

(8.7)

3.3

Loss provisions Retirement indemnities

0.8

0.3

(0.4)

-

0.7

n/c

Treasury shares

0.4

-

(0.1)

-

0.3 1 to 2 years

Phantom shares

0.1

0.0

(0.0)

-

0.1 2 to 4 years

Others

0.0

1.8

(1.4)

-

0.4

n/a

Total loss provisions

1.3

2.1

(1.9)

-

1.5

TOTAL

13.3

2.1

(1.9)

(8.7)

4.8

Treasury shares At 31 January 2019, the Group has 152,142 shares held for the liquidity contact and 8,349 shares to fulfill the commitments on the stock-option and free share attribution

programs for employees and Group executives, compared with 153,027 shares and 10,761 shares as at 31 January 2018.

31 January

31 January 2019

Number

2018 Added

Used Non-used

Number

TOTAL

10,761

0.4

-

(0.1)

-

8,349

0.3

Deferred incentive plan (phantom share plan)

The liability is recognized when the phantom shares are attributed and the expense, spread out on the acquisition

financial year. At each closing date, the provision is revaluated based on the last Neopost share price and the

period, represents the valuation of the number of phantom headcount variation. shares attributed at the last share price at the end of the

Since 2013, five deferred incentive plans were set up. This provision is adjusted at each closing, changes that occured during 2018 financial year are not significant.

Since February 2018, no more phantom shares have been granted. All information related to former phantom share plans are disclosed in previous registration documents.

Number of phantom shares granted to Neopost S.A. employees

Deferred incentive plan in force during the fiscal year 2018

Plan January 2015

2,500

Plan July 2016

3,700

Plan March 2017

2,100

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REGISTRATION DOCUMENT 2018 / NEOPOST