QUADIENT - 2020 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

The other variations mainly represent reclassifications.

Machinery and equipment

Land and buildings

Rented equipment

IT equipment

Demonstration equipment

Other

Total

Amortization at 31 January 2019

18.4

50.5

389.5

33.1

3.6 16.5 511.6

Charges

1.2

2.7

38.5

2.6

0.6 2.2 47.8

Scope variation

-

(0.4)

-

-

(0.3) (0.2) (0.9)

Divestments/disposals

(0.1)

(2.8)

(22.3)

(1.0)

(0.9)

(1.2) (28.3)

Other changes

-

-

-

-

-

-

-

Translation difference

-

0.4

9.4

0.4

0.0 0.3 10.5

Amortization at 31 January 2020

19.5

50.4

415.1

35.1

3.0 17.6 540.7

Charges

1.1

2.4

38.7

2.5

0.9 2.3 47.9

Scope variation

(0.3)

(0.5)

-

(2.2)

- (0.2) (3.2)

Divestments/disposals

-

(1.0)

(103.3)

(3.4)

(0.6)

(1.1) (109.4)

Other changes

-

(0.1)

-

-

(0.0)

-

(0.1)

Translation difference

(0.1)

(0.5)

(18.6)

(1.0)

(0.0) (0.6) (20.8)

AMORTIZATION AT 31 JANUARY 2021

20.2

50.7

331.9

31.0

3.3 18.0 455.1

The line “Scope variation” corresponds to the divestment of Quadient Oceania assets, divested at the end of January 2021. In 2019, this line corresponded to the reclassification of the assets of ProShip as assets held for sale.

The variations of the gross value and the amortization assets right-of-use recognized as part of the application of IFRS 16 are presented in the note 8.

Non-current financial assets 4-4:

4-4-1: ACCOUNTING PRINCIPLES

Non current financial assets are initially recognized either at their acquisition cost including transaction costs or at the fair value of the assets used for payment. assets classified as “Investments in associated companies” or “Non Following initial recognition,

consolidated shares” are measured at fair value on the closing date. Other financial assets are valuated at their fair value with a profit & loss impact at each closing date.

4-4-2: DETAIL OF OTHER NON-CURRENT FINANCIAL ASSETS

31 January 2021

31 January 2020

Deposits, loans and guarantees

4.4

4.7

Pension plan net asset

36.3

43.0

Other financial assets

14.5

9.2

TOTAL

55.2

56.9

At 31 January 2021, the deposits, loans and guarantees include an escrow account for 0.9 million euros related to ProShip divestment and a guarantee deposit for 1.1 million euros related to the liquidity contract (1.4 million euros at 31 January 2020). The Group has a pension plan in the United Kingdom that shows a surplus of 36.3 million euros (32.1 million pounds sterling) at 31 January 2021 compared with 43.0 million euros (36.2 million pounds sterling) at 31 January 2020.

The change in the pension plan’s net assets is mainly related to actuarial differences. The tax rate applicable for the cash refund of this asset in the United Kingdom will be 35 . This tax effect is presented in the consolidated financial statements under deferred tax liabilities. The other financial assets include the investment realized by Quadient for the benefit of the professional private equity funds X'Ange 2 and Partech Entrepreneurs. These assets are valued at their fair value as at 31 January 2021.

158

UNIVERSAL REGISTRATION DOCUMENT 2020