QUADIENT // 2021 Universal Registration Document

6

FINANCIAL STATEMENTS Consolidated financial statements

Breakdown of the balance sheet by financial instrument

11-1:

31 January 2022

Breakdown by instrument category

Fair value through P&L

Loans and receivables/ debts

Debts at amortized costs

Derivative instruments

Book value Fair value

Non-current financial assets

89.8

89.8

25.4

62.5

-

1.9

Lease receivables (a)

595.0 604.8

-

595.0

-

-

Other long-term receivables

5.6

5.6

-

5.6

-

-

Receivables (b)

226.5

226.5

-

226.5

-

-

Other receivables (b)

6.2

6.2

-

6.2

-

-

Derivative financial instruments (c)

1.6

1.6

-

-

-

1.6

Cash and cash equivalents (d)

486.6 486.6

-

486.6

-

-

ASSETS

1,411.3 1,421.1

25.4 1,382.4

-

3.5

Financial debts and bank overdrafts (e)

925.5

923.5

29.8

-

895.7

-

Other long-term debts

1.8

1.8

-

1.8

-

-

Accounts payable (b)

79.5

79.5

-

79.5

-

-

Other operating liabilities (b)

204.5 204.5

-

204.5

-

-

Derivative financial instruments (c)

1.9

1.9

-

-

-

1.9

LIABILITIES

1,213.2

1,211.2

29.8

285.8 895.7

1.9

Due to the large number of deals handled by the leasing entities, the Group did not perform an individual valuation for (a) each deal. The assumptions used are the following: average maturity of three years for the portfolio, yield curve ending on 31 January 2022 and constant exchange rate. The valuation is performed excluding credit spread. The British and American postage financing portfolios are comprised of very short-term maturities (less than one month) and renewable credits, the fair value considered is the same as the one booked in the balance sheet. Historical cost valuation. (b) Valuation method described in note 11–4. (c) Valuation based on realizable value. (d) The fair value of the debt includes the Schuldschein debt that was swapped for 29.5 million euros. Swaps and debt are (e) recognized at their fair value as mentioned in note 11–4. - concerning the debt accounted for at amortized cost, the main amounts are broken down as follows: for all floating-rate debt described in note 11-2-6, the drawdown is performed on a one-month, three-month and six-month basis and with a variable rate (EURIBOR and USD LIBOR); there is no difference between the fair value and the value in the balance sheet which represents an amount of 386.7 million euros; - concerning fixed rate debts, the fair value has been calculated from the yield curve as of 31 January 2022. The difference between the fair value and the value as appearing in the balance sheet is 2.0 million euros. Debts in foreign currencies are valued at constant exchange rates.

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UNIVERSAL REGISTRATION DOCUMENT 2021