QUADIENT - 2019 Universal Registration Document

FINANCIAL STATEMENTS Neopost S.A. statements of financial position

NOTE 7

TRANSACTIONS IN FOREIGN CURRENCIES

A translation adjustment is determined for each asset

offset between assets and liabilities denominated in

or liability denominated in a foreign currency, at the one currency and having the same maturity. closing exchange rate. Translation differences are

Assets and liabilities translation differences are offset between hedging financial instruments (exchange rate futures) and the appropriate receivables and payables, to determine the provision. This offset amounted to 28.4 million euros at 31 January 2020 and the provision is

recorded for an amount of 9.5 million euros. As of 31 January 2020, the translation adjustment asset comes out at 38.0 million euros and the translation adjustment liability at 28.5 million euros.

SHAREHOLDERS’ EQUITY NOTE 8

8-1: Capital

8-3: Reserves and retained earnings

At 31 January 2020, the share capital totaled 34.6 million euros divided into 34,562,912 ordinary shares with a par value of 1 euro each, the share capital is fully released. There was no change during financial year 2019.

This item mainly comprises cumulated net income over the years and dividend payments.

8-4: Dividend per share

8-2: Additional paid-in capital

Retained earnings before appropriation of 2019 net income amount to 315.1 million euros as at 31 January 2020 compared with 294.8 million euros as at 31 January 2019. The Board of Directors will make a decision by the end of May for the dividend proposal related to the 2019 financial year, which will then be submitted to the approval of shareholders at the General Meeting. The dividend distributed in relation to the 2018 financial results was 0.53 euro and it was paid in cash the 6 August 2019.

Additional paid-in capital represents the net amount received by the Company in excess of the par value on issuance, fully distributable. At 31 January 2020, additional paid-in capital amounts to 52.9 million euros. There was no change during 2019 fiscal year.

6

CONTINGENCY AND LOSS PROVISIONS NOTE 9

Contingency and loss provisions, accounted for in or maturity are uncertain. The provision amount accordance with CRC regulation no. 2000-06, are corresponds to the best estimate of the cash-out with intended to cover risks and expenses that are likely no equivalent offset. because of past or on-going events, and whose amount

31 January 2019

31 January 2020

Added

Used

Non-used

Maturity

Contingency provisions Unrealized foreign exchange losses

3.3

6.2

-

-

9.5

n/a

Total contingency provisions

3.3

6.2

-

-

9.5

Loss provisions Retirement indemnities

0.7

0.1

-

-

0.8

n/c

Treasury shares

0.3

-

(0.2)

-

0.1

1 to 2 years

Phantom shares

0.1

-

-

-

0.1 2 to 4 years

Others

0.4

-

(0.4)

-

-

n/a

Total loss provisions

1.5

0.1

(0.6)

-

1.0

TOTAL

4.8

6.3

(0.6)

-

10.5

211

UNIVERSAL REGISTRATION DOCUMENT 2019