QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

At year-end, the operations shown in the above table are broken down as follows:

Notional value – Cash flow hedging

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

7.5

30.5

-

-

20.5

GBP

-

3.8

1.8

-

-

1.8

CAD

-

1.0

1.5

-

-

1.5

NOK

-

8.0

2.0

-

-

2.0

JPY

-

85.0

30.0

-

-

30.0

SEK

-

16.1

5.0

-

-

5.0

CHF

4.8

-

-

-

-

-

DKK

-

7.0

-

-

-

-

CZK

180.9

-

-

75.0

75.0

-

AUD

-

2.4

0.8

-

-

0.8

Notional value – Ineffective portion of hedge instruments

Forward purchases

Forward sales

Put options bought

Put options sold

Call options bought

Call options sold

USD

-

-

-

-

-

18.5

GBP

-

-

-

-

-

1.5

CAD

-

-

-

-

-

1.5

NOK

-

-

-

-

-

2.0

6

JPY

-

-

-

-

-

30.0

SEK

-

-

-

-

-

5.0

CZK

-

-

-

75.0

-

-

AUD

-

-

-

-

-

0.6

AVERAGE HEDGE RATE ❚

Currency

USD GBP

CAD NOK

JPY

SEK CHF DKK

CZK SGD AUD PLN

Average hedge rate

1.1946 0.8947 1.5509 10.5814 126.4978 10.2029 1.0763 7.4441 26.4620

- 1.6153

-

The average hedge rate calculation is based on the foreign exchange forwards weighted average rate. Foreign exchange options are not taken into account for the calculation of the average hedge rate.

Instrument valuations Derivative instruments are recognized in accordance with financial instruments. In light of the immaterial impact of the accounting principles and methods presented in credit risk, Quadient does not recognize them in the note 12–4-1. According to IFRS 13, Quadient implements financial statements at 31 January 2021. credit risk methodology concerning the valuation of

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UNIVERSAL REGISTRATION DOCUMENT 2020

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