NEOPOST - 2018 Registration document

6

Financial statements

Neopost S.A. statements of financial position

2018 FINANCIAL YEAR – POSITIONS AND COMMITMENTS TO SUBSIDIARIES HEDGING

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

Notional value – Cash flow hedging

USD

4.5

14.5

-

-

-

-

GBP

2.7

2.7

-

-

-

-

CAD

-

0.8

-

-

-

-

NOK

3.5

6.5

-

-

-

-

JPY

-

336.5

-

-

-

-

SEK

11.9

15.0

-

-

-

-

CHF

1.3

-

-

-

-

-

DKK

6.4

-

-

-

-

-

CZK

30.0

-

-

-

-

-

SGD

-

5.5

-

-

-

-

AUD

1.5

3.5

-

-

-

-

PLN

-

0.2

-

-

-

-

2019 BUDGET – HEDGING OF ANTICIPATED ASSETS AND LIABILITIES POSITIONS

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

Notional value – Total

USD

-

3.5

15.5

-

-

19.5

GBP

-

2.0

2.5

-

-

4.9

CAD

-

0.9

-

-

-

-

JPY

-

105.0

180.0

-

-

320.0

CZK

120.0

-

-

80.0

40.0

-

Instrument valuations Hedging instruments relating to the 2018 financial year, i.e. hedging assets and liabilities on the balance sheet as at 31 January 2019, have been fully valued and recognized at their market value at 31 January 2019.

Financial instruments relating to the 2019 budget have not been valued in Neopost S.A.’s financial statements.

Exchange rate deal counterparty risk Operations are carried out with first ranked international banks that take part in the revolving credit facility.

Hedging of foreign-currency loans and current account advances

Loan/borrowing/short-term advance

Notional amount of financial instruments

Subsidiary

Currency

Amount

Neopost USA Inc. (a)

Short term advance

USD

(117.9)

Mail Finance Inc. (a)

Short term loan

USD

1.8

Mail Finance Inc. (a)

Loan

USD

180.0

Mail Finance Inc. (a)

Loan

USD

145.0

Mailroom Holding Inc. (a)

Loan

USD

14.0

Mailroom Holding Inc. (a)

Short term Loan

USD

33.1

Mailroom Finance Inc. (a)

Short term loan

USD

28.2

Mailroom Finance Inc. (a)

Loan

USD

25.0

Proship Inc. (a)

Short term loan

USD

9.3

Temando LLC (a)

Short term loan

USD

7.2

Neopost International Supply Ltd (a)

Short term loan

USD

0.4

Quadient Group AG (a)

Short term loan

USD

8.9

Short term advance

USD

(2.0)

Neopost Supply Hong Kong (a)

Quadient Canada Inc (a)

Short term loan

USD

4.2

Quadient Singapore Pte Ltd (a)

Short term loan

USD

1.3

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REGISTRATION DOCUMENT 2018 / NEOPOST