QUADIENT - 2019 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

Quadient applies IFRS 9 on hedge instruments.

Changes recognized in the income statement – Fair value via P&L

Changes recognized in the income statement – Non aligned cost of hedge

Changes recognized through equity – Fair value via OCI*

Changes recognized through equity – Aligned cost of hedge

Premium on new operations

31 January 2019

31 January 2020

Financial assets (derivatives) Debt and swap at fair value hedge Derivative instruments qualified as cash flow hedge Derivative instruments not eligible Financial liabilities (derivatives) Derivative instruments qualified as cash flow hedge Derivative instruments not eligible

9.3

-

(2.5)

0.2

(2.2)

(0.1)

4.7

4.6

-

-

-

(0.7)

-

3.9

4.0

-

(2.5)

0.2

(0.8)

(0.2)

0.7

0.7

-

-

-

(0.7)

0.1

0.1

0.2

-

1.4

0.1

-

-

1.7

0.2

-

1.4

0.1

-

-

1.7

-

-

-

-

-

-

-

6

* OCI: Other Comprehensive Income.

Sensitivity to interest rate variations The impact on the financial statements of an increase of 0.5 % in the interest rates for the year ending 31 January 2020 is as follows:

Income statement impact

31 January 2020

Impact on equity

31 January 2020

Financial assets (derivatives)

4.7

0.8

(1.2)

4.3

Debt and swap at fair value hedge

3.9

-

(1.2)

2.7

Derivative instruments qualified as cash flow hedge

0.7

0.8

-

1.5

Derivative instruments not eligible

0.1

-

-

0.1

Financial liabilities (derivatives)

1.7

(0.6)

-

1.1

Derivative instruments qualified as cash flow hedge

1.7

(0.6)

-

1.1

Derivative instruments not eligible

-

-

-

-

183

UNIVERSAL REGISTRATION DOCUMENT 2019