QUADIENT // 2021 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

Land and buildings

Machinery and equipment

Rented equipment

IT equipment

Demonstration

equipment Other

Total

Amortization as of 31 January 2020

19.5

50.4

415.1

35.1

3.0 17.6 540.7

Charges

1.1

2.4

38.7

2.5

0.9 2.3 47.9

Scope variation

(0.3)

(0.5)

-

(2.2)

- (0.2)

(3.2)

Divestments/disposals

-

(1.0)

(103.3)

(3.4)

(0.6)

(1.1) (109.4)

Other changes

-

(0.1)

-

-

(0.0)

-

(0.1)

Translation difference

(0.1)

(0.5)

(18.6)

(1.0)

(0.0) (0.6) (20.8)

Amortization as of 31 January 2021

20.2

50.7

331.9

31.0

3.3 18.0 455.1

Charges

0.9

2.1

37.1

2.3

0.8 2.4 45.6

Scope variation

(9.3)

(10.8)

-

0.1

-

0.4 (19.6)

Divestments/disposals

(0.6)

(1.5)

(11.1)

(0.6)

(0.9) (0.3) (15.0)

Other changes

0.1

0.5

(0.3)

(0.5)

(0.0) (0.3)

(0.5)

Translation difference

0.1

0.6

13.4

0.9

0.0 0.9 15.9

AMORTIZATION AS OF 31 JANUARY 2022

11.4

41.6

371.0

33.2

3.2 21.1

481.5

The other variations mainly represent reclassifications.

amount of 26.1 million euros. In 2020, this line included the divestment of Quadient Oceania assets, divested at the

The line “Scope variation” includes the acquisition of the end of January 2021. tangible assets of Beanworks for a gross value of 0.5 million euros and the exit of the assets related to the automated packaging solutions business and Drachten factory divested at the end of July 2021, for a gross

The variations of the gross value and the amortization assets right-of-use recognized as part of the application of IFRS 16 are presented in the note 7.

Non-current financial assets 4-4:

4-4-1: ACCOUNTING PRINCIPLES

Non-current financial assets are initially recognized either at their acquisition cost including transaction costs or at the fair value of the assets used for payment.

“Non-consolidated shares” are measured at fair value on the closing date. Other financial assets are valued at their fair value with a profit & loss impact at each closing date.

Following initial recognition,

assets classified as

“Investments in associated companies”

or

4-4-2: DETAIL OF OTHER NON-CURRENT FINANCIAL ASSETS

31 January 2022

31 January 2021

Deposits and guarantees

2.9

3.8

Loans

2.9

0.6

Pension plan net asset

56.7

36.3

Other financial assets

25.4

14.5

TOTAL

87.9

55.2

As of 31 January 2022, the deposits and guarantees include a guarantee deposit for 1.0 million euros related to the liquidity contract (1.1 million euros as of 31 January 2021). As of 31 January 2021, they also included an escrow account in the United States for 0.9 million euros. The loans mainly include loans granted to Quadient Oceania buyers in 2020 and to the automated packaging solutions business buyers in 2021, as part of the divestment processes.

The Group has a pension plan in the United Kingdom that shows a surplus of 53,5 million euros (44,5 million pounds sterling) at 31 January 2022 compared with 36.3 million euros (32.1 million pounds sterling) at 31 January 2021. The change in the pension plan’s net assets is mainly related to actuarial differences. The tax rate applicable for the cash refund of this asset in the United Kingdom will be 35 . This tax effect is presented in the consolidated financial statements under deferred tax liabilities.

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UNIVERSAL REGISTRATION DOCUMENT 2021