QUADIENT - 2019 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

At year-end, the operations shown in the above table are broken down as follows:

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

Notional value – Cash flow hedging

USD

-

-

11.5

-

-

11.5

CAD

-

0.8

0.8

-

-

0.8

NOK

-

6.5

-

-

-

-

JPY

-

215.0

215.0

-

-

215.0

SEK

-

12.0

2.0

-

-

2.0

CHF

-

5.8

-

-

-

-

DKK

-

11.0

-

-

-

-

CZK

178.8

-

-

100.0

100.0

-

AUD

-

6.0

-

-

-

-

Notional value – Ineffective portion of hedge instruments

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

-

-

-

-

8.0

CAD

-

-

-

-

-

0.6

JPY

-

-

-

-

-

100.0

SEK

-

-

-

-

-

2.0

CZK

-

-

-

100.0

-

-

6

AVERAGE HEDGE RATE ❚

Currency

USD GBP

CAD NOK

JPY

SEK CHF

DKK

CZK SGD AUD PLN

Average hedge rate 1.1176

- 1.4681 9.9831

118.9018 10.5987 1.0779 7.4619 26.0915

- 1.6229 -

The average hedge rate calculation is based on the foreign exchange options are not taken into account for the exchange forwards weighted average rate. Foreign calculation of the average hedge rate. Instrument valuations Derivative instruments are recognized in accordance with impact of credit risk, Quadient decided not to recognize the accounting principles and methods presented in them in the financial statements at 31 January 2020.

note 12–4-1. As at 1 February 2013 and according to IFRS 13, Quadient set up a credit risk methodology concerning the valuation of financial instruments. In light of the immaterial

Since 1 February 2018, Quadient uses IFRS 9 for hedging instruments accounting.

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UNIVERSAL REGISTRATION DOCUMENT 2019