NEOPOST_REGISTRATION_DOCUMENT_2017

5

Financial statements

Parent company statements of financial position

Instrument details The instruments in the portfolio have a maturity of less than twelve months at 31 January 2018. These instruments are listed below by type and by currency for the period to which they relate.

2017 – ASSETS AND LIABILITIES HEDGING

Notional value – Cash  flow hedging

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

19.2

2.0

-

-

4.0

GBP

0.5

0.5

-

-

-

-

CAD

1.9

0.5

-

-

-

-

JPY

-

751.6

100.0

-

-

150.0

SEK

-

0.8

-

-

-

-

CHF

10.9

-

-

-

-

-

CZK

122.1

-

-

-

-

-

SGD

-

0.6

-

-

-

-

2018 BUDGET – HEDGING OF ANTICIPATED POSITIONS

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

Notional value - Total

USD

-

19.2

19.5

-

-

23.0

GBP

-

3.0

2.0

-

-

4.0

CAD

-

1.2

1.2

-

-

2.1

NOK

-

5.5

6.5

-

-

13.0

JPY

-

300.0

550.0

-

-

900.0

SEK

-

7.5

11.0

-

-

22.0

DKK

-

8.5

-

-

-

-

CZK

120.0

-

-

40.0

20.0

-

AUD

-

3.5

5.5

-

-

9.5

Instrument valuations Hedging instruments relating to the 2017 financial year, i.e. hedging assets and liabilities on the balance sheet as at 31 January 2018, have been fully valued and recognized at their market value at 31 January 2018.

Financial instruments relating to the 2018 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.

188

REGISTRATION DOCUMENT 2017 / NEOPOST