QUADIENT - 2020 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

By geographic area

●

31 January 2021

31 January 2020

France - Benelux

186.6

208.3

North America

501.3

523.6

Germany - Austria - Switzerland - Italy

101.0

117.2

United Kingdom – Ireland

79.6

95.1

International (a)

50.8

49.9

Rest of the world (b)

110.1

148.6

TOTAL

1,029.4

1,142.7

International sales correspond to Parcel Locker Solutions in Japan and Customer Experience Management (a) outside the twelve major countries. "Rest of the world” sales correspond to the sales of the “Additional Operations” segment. (b)

Accounts receivable and lease receivables 6-2:

6-2-1: ACCOUNTING PRINCIPLES

Accounts receivable are recognized and recorded at the account historical loss experience, the age of the initial amount of the invoice. Accounts receivable may receivable and a detailed risk assessment. be written down for impairment. Depreciation is Unrecoverable receivables are recognized as losses recognized as soon as a credit loss is expected. when they are identified as such. Expected credit losses are estimated taking into

6-2-2: RECEIVABLES DETAIL

31 January 2021

31 January 2020

Accounts receivable Gross value

252.9

251.3

Depreciation

(21.4)

(18.1)

Total

231.5

233.2

Lease receivables Short term

245.6

286.1

Long term

362.5

422.3

Gross value

608.1

708.4

Depreciation

(9.9)

(10.0)

Total

598.2

698.4

TOTAL

829.7

931.6

164

UNIVERSAL REGISTRATION DOCUMENT 2020