Plastic Omnium // 2021 Universal Registration Document

5

CONSOLIDATED FINANCIAL STATEMENTS 2021 Consolidated financial statements at December 31, 2021

4.7

Net financial income (expense)

2021

2020

In thousands of euros

Finance costs

(34,163)

(46,667)

Interest on lease liabilities (1)

(7,072)

(7,817)

Financing fees and commissions

(7,382)

(5,352)

BORROWING COSTS

(48,617)

(59,836)

Exchange gains or losses on financing activities

6,414

(4,635)

Gains or losses on interest rate and currency hedges (2)

(8,701)

2,626

Interest on post-employment benefit obligations

(1,290)

(1,449)

Other (3)

1,680

(5,243)

OTHER FINANCIAL INCOME AND EXPENSES

(1,897)

(8,701)

TOTAL

(50,514)

(68,537)

See Notes 5.1.3 “Property, plant and equipment” and 5.2.6.7 “Reconciliation of gross and net financial debt”. (1) The Group no longer has any interest rate instrument contracts. This item includes an amount of -€260 thousand corresponding to the amortization of the (2) balance on the 2018 bond loan (see the Statement of changes in equity) and an expense of -€8,847 thousand corresponding to the impact of currency hedges. See Note 5.2.7.1.2 “Impact of unsettled foreign exchange hedges on net income and equity”. In 2021, this item includes in particular: (3) the financial impact of hyperinflation in Argentina for -€970 thousand; the financial impact of the favorable outcome of the Group’s tax receivable claims with the Brazilian administration (PIS/COFIN federal taxes) for an amount of €2,625 thousand. See Note 2.2.5 under “Other significant events of the period”.

4.8

Income tax

4.8.1 The income tax expense breaks down as follows:

Income tax expense recognized in the income statement

2021

2020

In thousands of euros

CURRENT TAXES ON CONTINUING ACTIVITIES

(65,561)

(4,550)

Current tax expense/(income)

(56,995)

5,755

Tax expense/(income) on non-recurring items

(8,566)

(10,305)

DEFERRED TAXES ON CONTINUING ACTIVITIES

5,292

35,552

Deferred tax income/(expense) on timing differences arising or reversed during the period

6,998

36,434

Expense/(income) resulting from changes in tax rates or the introduction of new taxes

(1,706)

(882)

TAX EXPENSE (INCOME) ON CONTINUING ACTIVITIES RECORDED IN THE CONSOLIDATED INCOME STATEMENT

(60,269)

31,002

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021