QUADIENT - 2020 Universal Registration Document

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FINANCIAL STATEMENTS Consolidated financial statements

HEADCOUNT AND EMPLOYEE BENEFITS NOTE 10

Headcount 10-1:

The geographical breakdown of employees on fixed-term and permanent contracts at the end of the period, excluding employees on long-term leave, is as follows:

North America

United Kingdom Netherlands

Rest of the world

France

Total

31 January 2021

1,285

1,728

690

287

1,245

5,235

31 January 2020

1,320

1,875

715

292

1,491

5,693

The breakdown of employees on fixed-term and permanent contracts at the end of the period, excluding employees on long-term leave, by type of activity is as follows:

Research & development

Sales

Services Manufacturing

Leasing Administration

Total

31 January 2021

1,685

1,242

598

664

63

983

5,235

31 January 2020

1,871

1,362

608

752

68

1,032

5,693

At 31 January 2021, the Group had 108 temporary staff compared with 116 at 31 January 2020.

Employee benefits 10-2:

Employee benefits are measured in accordance with IAS 19. They comprise short-term benefits, long-term benefits and post-employment benefits. Group employees are entitled to short-term benefits such as paid vacation, paid sick leave, bonuses and other benefits (other than termination benefits), payable within twelve months of the end of the period in which the corresponding services are rendered by employees. These benefits are recorded in current

liabilities and expenses of the period in which the service is rendered by the employee. Long-term benefits (during employment), payable before the employee’s departure, correspond primarily to long-service bonuses. Post-employment benefits are paid when an employee retires and include retirement bonuses, supplementary pension benefits and coverage of certain medical costs for retired employees and employees on early retirement.

31 January 2021

31 January 2019

Wages and salaries, bonuses and commissions

338.1

366.4

Social costs

90.9

98.4

Share-based payments

0.2

0.7

Pension expenses under defined contribution plans

0.6

0.3

TOTAL

429.8

465.8

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UNIVERSAL REGISTRATION DOCUMENT 2020