QUADIENT - 2020 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

Tables of variations of the assets right-of-use and the lease obligations ● As of 31 January 2021, the net assets right-of-use amounts to 62.6 million euros.

Assets right-of-use

Other intangible assets

Buildings

Gross value at 31 January 2020

124.2

14.5

138.7

New contracts/renewals

13.0

4.8

17.8

Scope variations

(2.3)

-

(2.3)

Other changes*

(18.5)

-

(18.5)

Translation differences

(3.7)

-

(3.7)

Gross value at 31 January 2021

112.7

19.3

132.0

(61.9)

(5.8)

(67.7)

Amortization at 31 January 2020

Charges

(16.7)

(5.8)

(22.5)

Scope variations

2.3

-

2.3

Other changes*

16.8

-

16.8

Translation differences

1.7

-

1.7

Amortization at 31 January 2021

(57.8)

(11.6)

(69.4)

NET BOOK VALUE AT 31 JANUARY 2021

54.8

7.7

62.6

Other changes concern terminated contracts or contracts not renewed in 2020. *

As of 31 January 2021, the lease obligations amount to 73.6 million euros including 53.8 million euros of long term portion.

31 January 2020

Debt modification

Reimburse- ments

Translation differences

Other variations*

31 January 2021

Non–current lease obligations

61.4

8.4

0.0

(2.5)

(13.5)

53.8

Current lease obligations

20.0

9.4

(21.3)

-

11.7

19.8

LEASE OBLIGATIONS

81.4

17.8

(21.3)

(2.5)

(1.8)

73.6

Other variations are mainly related to reclassifications and divestment impacts. *

CASH FLOW DETAILS NOTE 9

Cash flows correspond to consolidated balance sheet financial statements denominated in items. However, these flows may differ from balance foreign currencies and changes in the scope of sheet changes in particular due to the translation of consolidation. operations in foreign currencies, translation of subsidiaries’

Expenses (income) with no cash effect or with cash effect below operating activities 9-1:

31 January 2021

31 January 2020

Amortization of fixed assets

113.9

112.5

Provisions (reversals)

3.2

(4.9)

(Gains) and losses on changes in fair value

(0.9)

2.6

(Proceeds) expenses from share based payments

0.2

0.7

Reversal of earn out not paid

(6.5)

-

Quadient Oceania divestment

18.8

-

Goodwill impairment

-

70.4

Intangible assets impairment

-

5.3

Other

3.5

1.5

TOTAL

132.2

188.1

174

UNIVERSAL REGISTRATION DOCUMENT 2020