Worldline - 2020 Universal Registration Document

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FINANCIALS Parent company financial statements

PREPAID EXPENSES

December 31, 2020

December 31, 2019

(In thousands of euros)

Support functions services

43 89

4,165

Maintenance

403

Rentals

1,926

0

Insurances

382

134

Other external expenses

16,701 19,141

10,467 15,169

Total operational prepaid expenses

DEFERRED CHARGES

December 31, 2020

December 31, 2019

Increase

Decrease

(In thousands of euros)

OCEANE

4,865

4,342 3,029

-1,059

8,148 3,440 1,719

BOND

943

-532 -393

RCF

1,973 7,781

138

Total deferred charges

7,510

-1,985

13,306

Deferred charges mainly concern costs linked to the issuance of the OCEANE (€ 8.1 million) and Bond (€ 3.4 million) borrowings (see Note 10). Remaining costs correspond to bank fees on the € 600 million Revolving Credit Facility (“RCF”) subscribed at the end of December 2018.

Those deferred charges are spread on the maturity of borrowings. As such, the 2020 expense is € 2 million.

REDEMPTION PREMIUMON BONDS

December 31, 2020

December 31, 2019

Increase

Decrease

(In thousands of euros)

BOND

2,357

3,950

-824

5,483

Total redemption premiums on bonds

2,357

3,950

-824

5,483

The bonds issued on September 18, 2019 for € 500 million led to book a redemption premium of € 2.5 million to be spread on its maturity (5 years). Two new bonds were issued on June 30, 2020: € 500 million bond, due on June 30, 2023 (3 years); ● € 500 million bond, due on June 30, 2027 (7 years). ●

Those new loans led to book two redemption premiums: € 0.4 million redemption premium spread over 3 years; ● € 3.5 million redemption premium spread over 7 years. ● As such, the 2020 expense amounted to € 0.8 million.

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Universal Registration Document 2020