QUADIENT - 2020 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

Breakdown of expenses by category 6-4:

31 January 2021

31 January 2020

Cost of inventories recognized as expenses

257.9

285.8

Wages, bonuses, commissions and payroll charges

429.8

465.8

Rents and associated costs

5.0

9.0

Fees

45.7

40.9

Transport and travel

21.6

41.0

Fixed assets – depreciation and amortization

113.9

112.5

Other

23.4

18.1

Total expenses by category

897.3

973.1

Cost of sales

285.7

302.1

Operating expenses

611.6

671.0

TOTAL

897.3

973.1

Inventories and work in progress 6-5:

6-5-1: ACCOUNTING PRINCIPLES

Inventories and work in progress are measured at the lower of the cost or replacement value (for purchased goods) or the cost of full production (for produced goods) and must not exceed the net realizable value. Cost price is calculated using the weighted average cost method.

Depreciation is calculated on the basis of inventory turnover and the obsolescence of equipment and goods. The intra-Group margin generated by industrial subsidiaries on equipment sold to the distribution subsidiaries which store this equipment is eliminated.

6-5-2: INVENTORIES BY CATEGORIES

31 January 2021

31 January 2020

Gross value

Depreciation

Net Gross value

Depreciation

Net

Work in progress

8.5

(0.7)

7.8

6.7

(0.7)

6.0

Raw materials

13.5

(2.1)

11.4

13.4

(2.0)

11.4

Finished goods

59.6

(10.3)

49.3

67.4

(10.7)

56.7

Spare parts

4.4

(1.7)

2.7

4.6

(1.8)

2.8

TOTAL

86.0

(14.8)

71.2

92.1

(15.2)

76.9

6-5-3: CHANGES IN INVENTORIES

31 January 2021

Gross value

Depreciation

Opening

92.1

(15.2)

Net inventory entries

2.6

-

Charges

-

(2.2)

Reversals

-

1.5

Change in scope

(7.9)

0.8

Other

0.6

0.1

Translation difference

(1.4)

0.2

TOTAL

86.0

(14.8)

168

UNIVERSAL REGISTRATION DOCUMENT 2020

Made with FlippingBook flipbook maker