QUADIENT - 2019 Universal Registration Document

6

FINANCIAL STATEMENTS Neopost S.A. statements of financial position

Debts maturity as at 31 January 2020 is as follows:

Less than 1 year

One to five years

More than 5 years

Gross value

Undated bonds (ODIRNANE)

266.1

1.1

265.0

-

Bonds issue – Neopost S.A. 2.50 % Bonds issue – Neopost S.A. 2.25 %

180.7

2.8

177.9

-

323.3

0.2

323.1

United States private placements

109.1

32.2

76.9

-

Schuldschein

428.4

47.8

380.6

-

Bank loans

0.1

0.1

-

-

Borrowing from Neopost Ireland Ltd

0.6

0.6

-

-

Trade payables

8.0

8.0

-

-

Tax and social security liabilities

0.3

0.3

-

-

Other debts

358.0

358.0

-

-

TOTAL

1,674.6

451.1

1,223.5

-

INCOME STATEMENT NOTE 11

11-1: Operating income

Neopost S.A.’s operating loss amounts to 4.3 million euros compared with a loss of 0.1 million euros for the previous year and it breaks down as follow:

31 January 2020

31 January 2019

Assistance to subsidiaries

22.6

15.9

Brand royalties

8.0

8.2

Rebilling of costs paid on behalf of subsidiaries

4.3

9.7

Reversal of depreciation and amortization, transfer of expenses

4.0

0.1

Other revenues

0.1

Revenue from operations

39.0

33.9

Wages, bonuses, commissions and payroll charges

(13.0)

(12.1)

Fees

(4.9)

(3.4)

Expenses related to acquisitions

(9.2)

(6.4)

Purchases, maintenance

(0.4)

(0.7)

Transport and travel, seminars

(2.4)

(1.7)

Staff seconded

(4.5)

(4.6)

Insurance

(0.7)

(0.7)

Taxes

(1.3)

(1.2)

Rents and associated costs

(1.0)

(0.9)

Compensation of directors

(0.4)

(0.4)

Treasury shares delivered (for the allocation of free shares)

(0.4)

(0.1)

Borrowing expenses

(3.7)

(0.9)

Depreciation and amortization expenses

(1.1)

(0.6)

Other expenses

(0.3)

(0.3)

Operating expenses

(43.3)

(34.0)

Operating income

(4.3)

(0.1)

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UNIVERSAL REGISTRATION DOCUMENT 2019