Plastic Omnium // 2021 Universal Registration Document

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2021 STATUTORY FINANCIAL STATEMENTS Notes to the statutory financial statements

Financial instruments and hedging instruments The Company may at times use currency derivative to hedge the currency risk on loans granted to Group companies. Realized foreign exchange gains or losses on these derivatives are recognized in net financial income to match those of the hedged items. Unrealized foreign exchange gains and losses are recognized in financial assets and liabilities as offsets to the income statement, to show on the balance sheet their exact correspondence with the monetary items in hedged currencies. Swaps are spread in the income statement under net financial income/expense over the hedging term. At December 31, 2021, the Company did not hold any derivative instrument that does not qualify as a hedge. Provisions for contingencies and charges Provisions for contingencies and charges are recognized when: the Company is bound by a legal or implicit obligation resulting from ● past events; a likely outflow of resources, without any equivalent benefit, is required ● to extinguish the obligation; the amount of the provision can be reliably measured. ● Current and non-current borrowings Debts are recognized at their nominal reimbursement value. They are not discounted. Issuance costs and redemption premiums incurred at the time of borrowing are recognized as assets and spread over the life of the bond using the compound interest rate method.

Revenue Revenue is booked to profit (loss) if it is: realized, i.e. if the principle and amount are certain; and ● acquired during the year. ●

Income taxes The Company is the parent company of the tax consolidation group that it constitutes with its subsidiaries. The subsidiaries of the tax consolidation scope contribute the amount that they would have had to pay if there was no consolidation to the Group’s tax consolidation tax expense. The additional tax savings or expense resulting from the difference between the tax owed by consolidated subsidiaries and the tax resulting from the determination of the overall profit/loss is recorded by the parent company. Non-operating items Non-operating income and expenses include exceptional items, as well as items qualified as exceptional in their nature under accounting law, primarily income from non-current asset disposals.

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021