RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

4.5.2 OTHER CURRENT FINANCIAL ASSETS Current financial assets include the portion due in less than one year of receivables related to investments, loans and deposits

and guarantees paid, advances and deposits paid to acquire new businesses, prepaid expenses, marketable securities that cannot

be considered as cash or cash equivalents, and hedging instruments at fair value.

12/31/2019

12/31/2018

(in thousands of euros)

Loans, deposits and guarantees

1,252 1,252

798 798 (16) 782 214

GROSS CURRENT FINANCIAL ASSETS

Impairment

NET CURRENT FINANCIAL ASSETS Fair value of financial instruments

1,252

779

Prepaid expenses CURRENT ASSETS

14,567 15,346 16,598

18,498 18,712 19,494

TOTAL OTHER CURRENT ASSETS

Loans, deposits and guarantees include advances and deposits paid for the acquisition of new operations.

4.5.3 OTHER NON-CURRENT ASSETS (in thousands of euros)

1 to 5 years More than 5 years

Other receivables (long-term portion) Prepaid expenses (long-term portion)

28,594

5,766 5,766

TOTAL

28,594

Other receivables outstanding for more than one year mainly include receivables relating to the sale of the bitumen business in Iran (see note 3.2.2 of the 2018 Registration Document).

4.5.4 TRADE AND OTHER RECEIVABLES (CURRENT OPERATING ASSETS)

ACCOUNTING POLICIES Trade receivables, generally due within a period of one year, are recognized and accounted for at the initial invoice amount less an allowance for impairment recorded as the amount deemed to be unrecoverable. Doubtful receivables are estimated when there is no longer any probability of recovering the entire receivable. Impaired receivables are recorded as losses when they are identified as such. The Group uses the simplified approach allowed under IFRS 9 to calculate provisions for expected losses on trade receivables. Due to the Group’s low rate of past losses, the application of the impairment model for financial assets based on expected losses did not have a material impact for it. Trade and other receivables include the short-term portion of trade receivables and related accounts, employee receivables, government receivables, and other operating receivables.

Gross value (in thousands of euros)

12/31/2019

12/31/2018

Trade and other receivables Employee receivables Government receivables Other operating receivables

497,744

448,452

1,693

804

90,578 58,767

72,094 99,048

Deferred revenue TOTAL

648,782

620,398

Impairment (in thousands of euros)

Changes in consolidation

12/31/2019

12/31/2018

Allowances

Reversals

Reclassifications (1)

Trade and other receivables Other operating receivables

36,873

4,114

10,346

(10,786)

(4,495)

36,052

1,466

15

(86)

1,395

TOTAL

38,339

4,114

10,361

(10,872)

(4,495)

37,447

(1) Reclassification into group of assets held for sale (see note 3.3).

The main changes in the scope of consolidation relate to the consolidation of the KenolKobil Group.

240 i Rubis 2019 Universal Registration Document