QUADIENT // 2021 Universal Registration Document

6

FINANCIAL STATEMENTS Quadient S.A. statements of financial position

31 January 2022

31 January 2021

Quadient Poland Sp. z.o.o

1.1

1.2

Quadient Technologies Czech s.r.o.

0.6

0.8

Quadient CXM AG

22.7

8.5

Quadient Leasing USA Inc.

29.0

0.7

Quadient Finance USA Inc.

30.6

-

Quadient Holdings USA Inc.

-

27.0

Quadient Switzerland AG

2.4

2.3

Quadient Shipping

10.1

7.0

Quadient Finance UK Ltd

3.6

3.0

Quadient Finance Ireland Ltd

137.7

156.0

Quadient Global Services Ltd

1.8

1.5

Quadient UK Ltd

1.3

0.9

Neopost SDS Ltd

2.7

3.4

Quadient Italy Srl

26.4

23.0

Quadient Rental Italy Srl

12.0

8.0

Quadient Japan

2.9

3.2

Neopost Software GmbH

4.0

2.6

Quadient Technologies France

6.8

14.0

Quadient Holding Germany

6.5

5.0

Packcity France

3.9

-

Packcity SAS

0.5

4.0

Temando SAS

-

0.8

Quadient Industrie France

0.0

0.5

Quadient International Supply Ltd

0.4

2.5

Quadient solutions Ltd

7.3

7.2

Quadient Finance Switzerland AG

0.0

0.6

YayPay UK Ltd

1.4

0.3

YayPay Inc

5.2

0.9

Other

0.5

0.4

Total subsidiary current accounts

363.4

300.3

Accounts receivables (intercompany billing services)

16.3

16.3

Tax receivables

5.4

5.9

Other

3.8

2.8

Total gross value

398.9

325.3

Impairment

(2.7)

(0.8)

Total net value

386.2

324.5

Changes in the receivables gross value over the period are due to: the increase of short term advances to subsidiaries for ● 63.1 million euros; the decrease of the State's receivable of 0.5 million ● euros, due to the decrease of the VAT's receivable of 0.7 million euros and the increase of the corporate tax's receivable of 0.2 million euros ; the increase of the other receivables for 1.0 million ● euros;

Changes in depreciations of receivables over the period are explained by the followings: the depreciation recorded of the Neopost SDS Ltd's ● advance for 2.8 million euros. the reversal of the current account of Temando SAS for ● 0.8 million euros, and following the write-off of this receivable for the same amount as at 31 January 2022. The trade receivables settlement period is 30 days.

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UNIVERSAL REGISTRATION DOCUMENT 2021