QUADIENT - 2020 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

Changes recognized in the income statement – Fair value via P&L

Changes recognized in the income statement – Non aligned cost of hedge

Changes recognized through equity – Fair value via OCI*

Changes recognized

Premium on new operations

through equity – Aligned cost of hedge

31 January 2020

31 January 2021

Financial assets (derivatives)

4.6

-

(0.4)

0.3

2.1

0.2

6.8

Debt and swap at fair value hedge Derivative instruments qualified as cash flow hedge

3.8

-

-

-

(1.8)

-

2.0

0.7

-

(0.4)

0.3

2.3

-

2.9

Derivative instruments not eligible

0.1

-

-

-

1.6

0.2

1.9

Financial liabilities (derivatives) Derivative instruments qualified as cash flow hedge

1.5

-

0.6

-

-

0.1

2.2

1.5

-

0.6

-

-

0.1

2.2

Derivative instruments not eligible

-

-

-

-

-

-

-

*

OCI: Other Comprehensive Income.

6

Sensitivity to interest rate variations The impact on the financial statements of an increase of 0.5 in the interest rates for the year ending 31 January 2021 is as follows:

Income statement impact

31 January 2021

Impact on equity

31 January 2021

Financial assets (derivatives)

6.8

0.7

(0.4)

7.1

Debt and swap at fair value hedge

2.0

-

(0.4)

1.6

Derivative instruments qualified as cash flow hedge

2.9

0.7

-

3.6

Derivative instruments not eligible

1.9

-

-

1.9

Financial liabilities (derivatives)

2.2

(0.4)

-

1.8

Derivative instruments qualified as cash flow hedge

2.2

(0.4)

-

1.8

Derivative instruments not eligible

-

-

-

-

The impact on the financial statements of a decrease of 0.5 on the interest rates for the year ending 31 January 2021 is as follows:

Income statement impact

31 January 2021

Impact on equity

31 January 2021

Financial assets (derivatives)

6.8

0.1

0.5

7.4

Debt and swap at fair value hedge

2.0

-

0.5

2.5

Derivative instruments qualified as cash flow hedges

2.9

0.1

-

3.0

Derivative instruments not eligible

1.9

-

-

1.9

Financial liabilities (derivatives)

2.2

0.5

-

2.7

Derivative instruments qualified as cash flow hedges

2.2

0.5

-

2.7

Derivative instruments not eligible

-

-

-

-

197

UNIVERSAL REGISTRATION DOCUMENT 2020