QUADIENT - 2020 Universal Registration Document
6
FINANCIAL STATEMENTS Quadient S.A. statements of financial position
31 January 2021
31 January 2020
Quadient Industrie France
0.5
-
Quadient International Supply Ltd
2.5
-
Quadient Solutions Ltd
7.2
-
Quadient Finance Switzerland AG
0.6
-
YayPay UK Ltd
0.3
-
YayPay Inc.
0.9
-
Other
0.4
1.1
Total subsidiary current accounts
300.3
241.3
Accounts receivables (intercompany billing services)
16.3
21.3
Tax receivables
5.9
4.0
Dividend receivables
-
-
Other
2.8
4.7
Total gross value
325.3
271.3
Impairment
(0.8)
(22.0)
TOTAL NET VALUE
324.5
249.3
Gross receivables increase for an amount of 54.0 million euros is mainly explained (i) by the decrease of short-term advances to subsidiaries for 129.0 million euros (the short term part of long term loans of Quadient Finance Ireland are reclassified for 188 million euros); (ii) by the decrease of 5.0 million euros of intercompany billing services receivables; (iii) and by the increase of the receivable against the State for an amount of 1.9 million euros, due to the increase of VAT’s receivable of 1.1 million euros and corporate tax’s receivable of 0.8 million euros.
The change in depreciations of short term advances (0.8 million euros as of 31 January 2021 compared with 22.0 million euros as of 31 January 2020) is mainly explained by a decrease of the depreciation of the Temando Holding Pty Ltd current account for 14.5 million euros, and those of the current account of Temando LLC for 6.7 million euros. The trade receivables settlement period is 30 days.
The receivables breakdown by maturity at 31 January 2021 is as follows:
Gross value Less than 1 year
More than 1 year
Loans to subsidiaries
322.6
-
322.6
Other financial assets – Liquidity contract
1.1
-
1.1
Tax receivables
5.9
2.7
3.2
Subsidiaries current accounts
300.3
300.3
-
Receivables on intercompany billing services
16.3
16.3
-
Other receivables
2.8
2.8
-
TOTAL
649.0
322.1
326.9
224
UNIVERSAL REGISTRATION DOCUMENT 2020
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