Plastic Omnium // 2021 Universal Registration Document

2021 STATUTORY FINANCIAL STATEMENTS Notes to the statutory financial statements

P – INCOME TAX

Results for 2021

Non-operating items

Current

Net

In thousands of euros

* Profit (loss) before tax

103,906

(104)

103,802

* Tax implications

(92,073)

(8)

(92,081)

= Base

11,833

(112)

11,721

Current theoretical tax (28.40%)

(3,360)

32

(3,328)

INCOME AFTER TAX AT THEORETICAL (STANDARD) RATE

100,546

(72)

100,474

Impact of Group relief

-

-

7,131

Other tax impacts

-

-

(10,175)

TOTAL CORPORATE INCOME TAX

-

-

(3,044)

INCOME AFTER TAX

-

-

100,758

Compagnie Plastic Omnium is the parent company of a tax consolidation group comprising 17 entities. The tax consolidation impact for fiscal 2021 was income of €7.1 million. The other impacts, for an amount of -€10.2 million, mainly correspond to the provision allocated for the amount of tax losses used by the tax group and likely to be assigned subsequently by its subsidiaries.

The tax consolidation group’s tax loss carryforwards represent €68 million, i.e. estimated future tax savings of €17.5 million at the rate of 25.82% (rate used for deferred taxes). Unrecognized deferred tax assets and liabilities, excluding tax loss carryforwards, calculated at a tax rate of 25.82%, broke down as follows at December 31, 2021:

2021

In thousands of euros

Translation differences – liabilities

6

Translation differences – assets

(145)

TOTAL NET DEFERRED TAX ASSET

(139)

6

OTHER DISCLOSURES

OFF-BALANCE SHEET COMMITMENTS Commitments given

2021

In thousands of euros

Unused EUR credit lines (1)

30,000

Unused GBP credit lines (1)

47,603

Endorsements, sureties and guarantees given (1)

276,344

Collateral

-

TOTAL

353,947

Guarantees given to banks on behalf of subsidiaries as part of their financing. (1)

305

PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021