QUADIENT // 2021 Universal Registration Document

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

NOTE 3

INTANGIBLE AND TANGIBLE FIXED ASSETS

Intangible and tangible fixed assets are valued at their acquisition cost (purchase price plus related expenses). Assets are amortized on a straight-line basis according to their useful lives. The most common amortization periods are as follows:

IT implementation projects: five or seven years; ● software: five years; ● fixtures: ten years; ● office furniture and equipment: four, five or ● eight years.

Intangible fixed assets

Tangible fixed assets

Gross value as of 31 January 2020

41.2

0.2

Acquisitions

-

0.1

Disposal, write off

-

-

Gross value as of 31 January 2021

41.2

0.3

Acquisitions

-

-

Disposal, write off

-

-

Gross value as of 31 January 2022

41.2

0.3

Cumulative amortization

(41.2)

(0.1)

NET BOOK VALUE AS OF 31 JANUARY 2022

0.0

0.2

6

Intangible fixed assets

Tangible fixed assets

Net book value as of 31 January 2020

0.1

0.2

Acquisitions

-

-

Change in amortization and depreciation

(0.1)

-

Net book value as of 31 January 2021

0.0

0.2

Acquisitions

-

-

Change in amortization and depreciation

-

-

NET BOOK VALUE AS OF 31 JANUARY 2022

0.0

0.2

FINANCIAL ASSETS NOTE 4

Financial assets are valued at their acquisition cost (purchase price plus related expenses) or at their contribution value. The valuation of investment in affiliates is reviewed each year. An impairment test is carried out at least once a year through the projection of future cash flows. These cash flows are based on revenue and operating income growth assumptions over five years. The

discounting rate is the weighted average cost of capital after tax to which a specific risk premium might be added. Impairment is recorded when the asset’s recoverable amount is lower than its carrying amount. This category includes the deposit account opened at Exane BNP Paribas for the liquidity contract, which has investments in money market funds.

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UNIVERSAL REGISTRATION DOCUMENT 2021