Worldline - 2020 Universal Registration Document

E

FINANCIALS Consolidated financial statements

As at December 31, 2020

As at December 31, 2019

(In € million)

Contract assets Trade receivables

235.5 674.5 -39.8 870.1 -277.8 592.4

172.0 252.4 -10.9 413.5 -148.9 264.7

Expected credit losses allowance

Net asset value Contract liabilities

Net accounts receivable

Number of days sales outstanding (DSO)

29

31

Net accounts receivable represents 12.4% of 2020 pro forma revenue (11.1% at end of 2019).

For balances outstanding for more than 60 days, the Group considers the need for depreciation on a case-by-case basis through a quarterly review of its balances.

AGEING OF PAST DUE RECEIVABLES (NET OF ALLOWANCES)

As at December 31, 2020

As at December 31, 2019

(In € million)

0-30 days overdues 30-60 days overdues 60-90 days overdues

33.0 15.9

21.7

7.4 4.3

7.4

Beyond 90 days overdues

32.3 88.6

15.7 49.1

Total

Operating items Note 4

Personnel expenses 4.1

12 months ended December 31, 2020 % Revenue

12 months ended December 31, 2019 % Revenue

(In € million)

Wages, salaries & social security charges

-937.0

34.1%

-850,5

35.7%

Tax, training, profit-sharing

-10.9

0.4% 0.0%

-10,7

0.4%

Net (charge)/release to provisions for staff expenses Net (charge)/release to provisions for pensions and similar Benefits

-0.9

-0.7

0.0%

-9,1

0.4%

Total

-949.5

34.6%

-870,3

36.5%

264

Universal Registration Document 2020