QUADIENT - 2020 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

4-2-2: CHANGES IN INTANGIBLE FIXED ASSETS

Concessions, rights

Development expenses

IT implementation costs

Software

Other

Total

Gross value at 31 January 2019

34.9

128.0

237.4

56.7 51.0 508.0

Acquisitions/capitalization

0.1

1.8

31.1

-

2.7 35.7

Scope variation

(0.8)

(4.3)

-

-

(2.5)

(7.6)

Divestments/disposals

(1.9)

(10.3)

-

-

(0.1)

(12.3)

Other changes

0.7

1.0

-

-

2.6

4.3

Translation difference

0.1

3.0

5.6

0.3

1.7 10.7

Gross value at 31 January 2020

33.1

119.2

274.1

57.0 55.4 538.8

Acquisitions/capitalization

0.0

0.6

30.4

0.0 3.2 34.2

Scope variation

0.0

0.1

-

-

-

0.1

Divestments/disposals

0.1

(0.9)

-

-

(9.9) (10.7)

Other changes

-

5.2

3.7

-

4.1

13.0

Translation difference

(0.1)

(3.7)

(2.1)

(0.2)

(1.7)

(7.8)

Gross value at 31 January 2021

33.1

120.5

306.1

56.8

51.1

567.6

Cumulative amortization

(31.5)

(109.3)

(215.1)

(54.0) (29.9) (439.8)

NET BOOK VALUE AT 31 JANUARY 2021

1.6

11.2

91.0

2.8 21.2 127.8

The change in intangible fixed assets is mainly due to the capitalization of development costs. In 2020, the line “Scope variation” combines the acquisition of YayPay and the divestment of Quadient Oceania.

In 2019, this line included the reclassification in assets held for sale of the intangible assets of ProShip. The other changes mainly include (i) the recognition of the intangible assets as part of YayPay's purchase price allocation for an amount of approximately 9 million euros (ii) some reclassifications.

Concessions, rights

Development expenses

IT implementation costs

Software

Other

Total

Amortization at 31 January 2019

31.5

107.6

154.5

45.6 30.7 369.9

Charges

0.6

8.3

27.3

2.8

3.9 42.9

Scope variation

(0.3)

(2.5)

-

-

(1.2)

(4.0)

Divestments/disposals

(0.9)

(5.9)

0.4

-

(0.1)

(6.5)

Other changes

-

(2.8)

-

2.8

-

0.0

Translation difference

0.1

2.7

2.2

0.2

1.0 6.2

Amortization at 31 January 2020

31.0

107.4

184.4

51.4 34.3 408.5

Charges

0.6

6.1

30.1

2.8

3.9 43.5

Scope variation

-

0.0

-

-

-

0.0

Divestments/disposals

(0.1)

(0.7)

-

-

(7.4)

(8.2)

Other changes

0.0

-

1.7

-

-

1.7

Translation difference

(0.0)

(3.5)

(1.1)

(0.2)

(0.9)

(5.7)

AMORTIZATION AT 31 JANUARY 2021

31.5

109.3

215.1

54.0 29.9 439.8

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UNIVERSAL REGISTRATION DOCUMENT 2020