Plastic Omnium // 2021 Universal Registration Document

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

5.2.4

Provisions

1 st – time application of IFRIC June 2021 – IAS 19 (1)

Changes in scope of consolidation (derecog- nition)

Releases of surplus provisions

Actuarial gains/ (losses)

Dec. 31, 2020 28,713 48,266

January 1,

Translation adjustment

Dec. 31, 2021

Reclassifi- cations

2021 Allocations Utilizations 28,713 21,719 (13,118)

In thousands of euros Customer warranties Reorganization plans (2) Provisions for taxes and tax risks

- -

(7,331)

(709)

- -

- -

258 29,532 12 24,579

48,266

3,520 (27,219)

-

-

954

- -

954

4,049

(387)

-

(43) (99)

- -

- -

83

4,656

Contract risks

22,262

22,262 14,008 (8,908)

(4,958)

237 22,542

Provisions for claims and litigation

11,269

- - -

11,269

1,222 (1,692) 1,617 (2,125)

(639) (193)

-

- - -

- - -

70 10,230

Other

7,348

7,348

(131) (982)

(2)

6,514

PROVISIONS

118,814

118,814 46,135 (53,449)

(13,121)

658 98,055

Provisions for pensions and other post-employment benefits

100,331 (3,466) (1) 219,145 (3,466)

96,865 11,433 (10,025) 215,679 57,568 (63,474)

-

- (13,361) (3)

4 4

1,636 86,552 2,294 184,607

TOTAL

(13,121)

(982)

(13,361)

See Notes 1.1 “Accounting standards applied”, 1.4.2 “Provisions for pensions and similar” and 5.2.5 “Provisions for pensions and other post-employment benefits”. (1) The utilizations of reorganizations provisions mainly concern significant restructuring occured in Germany and Belgium from the “Industries” segment. (2) The decrease in the actuarial difference during the period is mainly explained by the increase in the discount rate in the two main regions i.e. Europe (up from 0.35% to 0.90%) and the United States (up (3) from 2.46% to 2.73%).

Releases of surplus provisions

5

Dec. 31, 2019 33,974 31,015

Reclas- sifications

Actuarial gains/(losses)

Translation adjustment

Dec. 31, 2020 28,713 48,266

Allocations

Utilizations

In thousands of euros Customer warranties Reorganization plans (1)

11,662 26,827

(8,806) (8,875)

(7,670)

42

- - - - - -

(489)

(310)

(338)

(53)

Provisions for taxes and tax risks

804

224

(74)

-

-

-

954

Contract risks

20,113

16,267

(9,919) (1,157) (1,265) (30,096)

(4,176)

127 427

(150) (724) (203)

22,262 11,269

Provisions for claims and litigation (2)

7,964 6,460

4,881 2,976

(122) (237)

Other

(384) (126)

7,348

PROVISIONS

100,332

62,837

(12,515)

-

(1,619)

118,814

Provisions for pensions and other post-employment benefits

107,670 208,002

(2,153) 60,684

(5,774) (35,870)

-

-

3,659 (3)

(3,071) (4,690)

100,331 219,145

TOTAL

(12,515)

(126)

3,659

Provisions for reorganization relate primarily to significant restructuring in the “Industries” segment in Germany and Belgium. (1) The increase during the period corresponds to operating disputes unrelated to the Covid-19 crisis and to labor disputes. (2) The increase in the actuarial difference during the period is mainly explained by the decrease in the discount rate in the two main regions i.e. Europe (down from 0.75% to 0.60%) and the United States (3) (down from 3.20% to 3.11%) over the period.

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021