Plastic Omnium // 2021 Universal Registration Document

5

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

Sensitivity tests on movements in currencies of “Trade and other receivables” give the following results:

Sensitivity tests on receivables at December 31, 2021

Sensitivity tests on receivables at December 31, 2020

Increase all currencies Decrease all currencies

Increase all currencies Decrease all currencies

Base

+10% +20%

-10%

-20%

Base

+10% +20%

-10%

-20%

Local currency

Exchange rate

Local currency

Exchange rate

%

%

%

%

%

%

%

%

In thousands of currency units

EUR USD CNY GBP

Euro

458,834 1.0000 380,352 0.8829 966,108 0.1390 24,546 1.1901

40% 38% 45% 48% 500,699 1.0000 32% 33% 29% 28% 393,438 0.8149 13% 13% 12% 11% 1,120,250 0.1247

42% 40% 47% 50% 29% 31% 27% 25% 13% 13% 12% 11%

US dollar

Chinese yuan Pound sterling Other currencies

3%

3%

3%

2% 59,970 1.1123

6%

6%

6% 8%

5% 9%

Other

-

-

12% 13% 11% 11%

-

-

10% 10%

TOTAL IN EUROS Of which: Trade receivables ● Other receivables ●

1,088,672 1,151,675 1,214,661 1,025,704 962,719

1,132,707 1,195,913 1,259,114 1,069,511 1,006,310

734,277 776,670 819,146 691,717 649,241 354,395 375,005 395,515 333,987 313,478

814,400 859,841 905,282 768,960 723,520 318,307 336,072 353,832 300,551 282,790

Exchange rate sensitivity tests on “Trade and other receivables” and “Trade payables and other operating liabilities by currency” (see Note 5.2.8.3) show a low sensitivity of this item to variations in exchange rates.

are assessed according to their probability of future use. For this purpose, estimates were made as part of the closing of the accounts and led to the recognition of assets based on probable use within a relatively short period of time, reflecting a prudent approach given the current economic environment.

5.1.10

Deferred taxes

Deferred taxes break down as follows:

As noted in Note 1.9 of the accounting rules and principles, deferred tax assets on tax loss carryforwards, temporary differences and tax credits

December 31, 2021

December 31, 2020

In thousands of euros

Intangible assets

3,815

(9,627)

Property, plant and equipment

(13,111)

(12,132)

Employee benefit obligations

23,228

23,245

Provisions

42,527

52,773

Financial instruments

318

(1,990)

Tax loss carryforwards and tax credits

204,971

187,662

Other

37,289

34,228

Impairment of deferred tax assets

(213,144)

(189,165)

TOTAL

85,893

84,994

Of which: Deferred tax assets

126,321

128,471

Deferred tax liabilities

40,428

43,477

250

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021