QUADIENT // 2021 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

5-2-3: RECEIVABLE OVERDUE

31 January 2022

31 January 2021

Accounts receivable – Gross value Not overdue

120.5

134.1

Overdue:

125.8

118.8

<30 days • 31-60 days • 61-90 days • 91-180 days • 181-360 days • >360 days •

51.9

48.2

18.5

17.4

13.8

10.6

15.8

12.7

9.6

11.7

16.2

18.2

TOTAL 252.9 Credit risk is limited because of the diversity and the very high number of customers, as well as the low unit value of each contract. 246.3

5-2-4: ACCOUNTS RECEIVABLE DEPRECIATION

31 January 2022

31 January 2021

Accounts receivable – Depreciation Depreciation at the beginning of the financial year

21.4

18.1

Charges

3.6

9.1

Used

(4.9)

(4.2)

Not used

(1.1)

(0.8)

Other

0.2

(0.3)

Translation difference

0.6

(0.5)

TOTAL

19.8

21.4

5-2-5: FINANCING LEASES

31 January 2022

31 January 2021

Non-current receivables Financing leases – gross receivables

435.4

442.3

Unearned financial income

(78.2)

(79.8)

Total

357.2

362.5

Current receivables Financing leases – gross receivables

296.4

294.1

Unearned financial income

(48.6)

(48.5)

Total

247.8

245.6

Gross receivables on financing leases Less than one year

296.4

294.1

Between one to five years

433.0

437.8

More than five years

2.4

4.5

Total gross value

731.8

736.4

Unearned financial income on financing leases

(126.8)

(128.3)

Net investment in financing leases Less than one year

247.8

245.6

Between one to five years

355.1

359.2

More than five years

2.2

3.3

TOTAL

605.0

608.1

180

UNIVERSAL REGISTRATION DOCUMENT 2021