QUADIENT - 2019 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

By type of revenue

●

31 January 2020

31 January 2019

Equipment and license sales

363.8

332.4

Recurring revenue *

639.2

625.2

Rental revenue

139.7

134.3

TOTAL

1,142.7

1,091.9

* Recurring revenue mainly comprises maintenance, professional services and software right-of-use.

By geographic area ●

31 January 2020

31 January 2019

France - Benelux

208.4

210.8

North America

523.6

446.4

Germany - Austria - Switzerland - Italy

117.2

126.0

United Kingdom – Ireland

95.1

102.8

Rest of the world*

198.4

205.9

TOTAL

1,142.7

1,091.9

* " Rest of the world" sales correspond to the sales of the "Additional Operations" segment.

6-2: Accounts receivable and lease receivables

6-2-1: ACCOUNTING PRINCIPLES

Accounts receivable are recognized and recorded at account historical loss experience, the age of the the initial amount of the invoice. Accounts receivable receivable and a detailed risk assessment. may be written down for impairment. Depreciation is Unrecoverable receivables are recognized as losses recognized as soon as a credit loss is expected. when they are identified as such. Expected credit losses are estimated taking into

6-2-2: RECEIVABLES DETAIL

31 January 2020 31 January 2019

Accounts receivable Gross value

251.3

247.8

Depreciation

(18.1)

(18.0)

Total

233.2

229.8

Lease receivables Short term

286.1

288.1

Long term

422.3

428.7

Gross value

708.4

716.8

Depreciation

(10.0)

(10.6)

Total

698.4

706.2

TOTAL

931.6

936.0

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UNIVERSAL REGISTRATION DOCUMENT 2019