QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Consolidated financial statements

By type of revenue

●

31 January 2022

31 January 2021

Equipment and license sales

292.1

300.8

Recurring revenue *

599.3

588.9

Rental revenue

132.9

139.7

TOTAL

1,024.3

1,029.4

Recurring revenue mainly comprises maintenance, professional services and software right-of-use. *

By geographic area

●

31 January 2022

31 January 2021

France - Benelux

188.0

186.6

North America

519.3

501.3

Germany - Austria - Switzerland - Italy

99.9

101.0

United Kingdom – Ireland

83.4

79.6

International (a)

51.8

50.8

Rest of the world (b)

81.9

110.1

TOTAL

1,024.3

1,029.4

International sales correspond to Parcel Locker Solutions in Japan and Intelligent Communication Automation outside the (a) twelve major countries. “Rest of the world” sales correspond to the sales of the “Additional Operations” segment. (b)

6

Accounts receivable and lease receivables

5-2:

5-2-1: ACCOUNTING PRINCIPLES

Accounts receivable are recognized and recorded at the account historical loss experience, the age of the initial amount of the invoice. Accounts receivable may receivable and a detailed risk assessment. be written down for impairment. Depreciation is Unrecoverable receivables are recognized as losses recognized as soon as a credit loss is expected. when they are identified as such. Expected credit losses are estimated taking into

5-2-2: RECEIVABLES DETAIL

31 January 2022

31 January 2021

Accounts receivable Gross value

246.3

252.9

Depreciation

(19.8)

(21.4)

Total

226.5

231.5

Lease receivables Short term

247.8

245.6

Long term

357.2

362.5

Gross value

605.0

608.1

Depreciation

(10.0)

(9.9)

Total

595.0

598.2

TOTAL

821.5

829.7

179

UNIVERSAL REGISTRATION DOCUMENT 2021