QUADIENT - 2019 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

OTHER PROVISIONS, CONTINGENT LIABILITIES AND OTHER NOTE 11 NON-CURRENT DEBTS

11-1: Other provisions

11-1-1: ACCOUNTING PRINCIPLES

Provisions are recognized when the following conditions are met simultaneously at the end of the period in question: a current obligation (legal, regulatory, contractual or ● implied) resulting from past events;

a probability that an outflow of resources will be ● necessary to extinguish the obligation with no offset expected; an amount that can be reliably measured. ● Provisions are split on the balance sheet between current and non-current liabilities.

11-1-2: CHANGES IN OTHER PROVISIONS

31 January

31 January 2020

Current portion

Non-current portion

2019 Added

Used Non-used Other

Other provisions Structure optimization

5.1

11.3 (10.9)

(1.2)

0.2

4.5

4.5

-

Business risk/customer guarantees

0.3

0.0

(0.1)

-

-

0.2

0.2

-

6

Dispute provisions

4.4

1.0 (0.7)

(0.4) (0.2)

4.1

1.9

2.2

Other

2.8

2.9

(5.6)

(0.1)

3.7

3.7

2.3

1.4

12.6

15.2

(17.3)

(1.7)

3.7

12.5

8.9

3.6

Retirement benefit obligations – note 10-3

22.3

3.4

(1.2)

-

0.5

25.0 0.0

25.0

Long term incentives – note 10-5

1.6

0.5

(0.6)

(0.1)

-

1.4

1.4

-

TOTAL

36.5

19.1

(19.1)

(1.8)

4.2

38.9 10.3

28.6

31 January

31 January 2019

Current portion

Non-current portion

2018 Added

Used Non-used Other

Other provisions Structure optimization

5.3

14.0 (14.3)

(0.5)

0.6

5.1

5.1

-

Business risk/customer guarantees

0.4

0.0

(0.1)

(0.0)

-

0.3

0.3

-

Dispute provisions

4.6

0.7

(0.3)

(0.6)

-

4.4 2.0

2.4

Other

3.5

1.4

(2.7)

(0.7)

1.3

2.8

2.2

0.6

13.8

16.1

(17.4)

(1.8)

1.9

12.6

9.6

3.0

Retirement benefit obligations – note 10–3

23.8

0.6

(1.2)

(1.2)

0.3

22.3

-

22.3

Long term incentives – note 10-5

1.5

0.9

(0.7)

(0.1)

-

1.6 0.6

1.0

TOTAL

39.1

17.6 (19.3)

(3.1)

2.2

36.5 10.2

26.3

Structure optimization The Group pursues the optimization of its operations. Provisions totaling 5.1 million euros were booked as at 31 January 2019. In 2019, additional expenses of 11.3 million euros were booked and (10.9) million euros were used.

As at 31 January 2020, the balance of these provisions is 4.5 million euros. Other As at 31 January 2020, a total 3.7 million euros (2.8 million euros as at 31 January 2019) is booked under “Other provisions.”

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UNIVERSAL REGISTRATION DOCUMENT 2019