Worldline - 2020 Universal Registration Document

E

FINANCIALS Parent company financial statements

Evolution of the pension and of the supplementary defined benefits pension plan provision in 2020 is presented below:

Pensions

Others

Total

(In thousands of euros)

Pensions at January 1, 2020

19,378

198 395

19,576

Service cost Interest cost

2,785

3,180

292

0 0

292

Contributions paid

-4,660 17,795 16,322 34,117

-4,660 18,388 19,229 37,617

Pensions at December 31, 2020 Unrecognized gains and losses IFRS Pensions at December 31, 2020

593

2,907 3,500

Reconciliation between pension commitments and computed provision is presented below:

Pensions 34,732

(In thousands of euros)

Commitment at January 1, 2020

Service cost Interest cost

2,785

292

Contributions paid

-4,660

Actuarial gains and losses generated during the period

968

Commitment at December 31, 2020 Unrecognized actuaria l gains and losses Pensions provision at December 31, 2020

34,117 -16,322 17,795

Evaluation is carried out on an individual basis and main parameters of the calculation are described below: Discount rate: 0.8%; ● Wages inflation: 1.6%; ● Estimated turnover rate: ●

Executives ( i.e. cadres ): decreasing according to age (from 10.60% at the age of 20 years old to zero as from 55 years old), ● Non-executives ( i.e. non-cadres ): decreasing according to age (from 6.20% at the age of 20 years old to zero as from 45 years ● old).

Financial borrowings Note 10

CLOSING NET DEBT

December 31, 2020

December 31, 2019

<1 year 290,469

1 to 5 years

>5 years

(In thousands of euros)

Bank overdraft

290,469

404,806 1,100,356

Bonds

3,822

1,600,000

1,300,000

2,903,822

Redemption premiums on bonds (OCEANE)

18,120

69,292

6,105

93,517

39,468 64,577

Other borrowings

373,878

373,878

Group current accounts Total borrowings Group current accounts

686,290

1,669,292

1,306,105

3,661,686

1,609,208

-888

-888

-24,120

Securities

15,338 160,752

15,338 160,752

17,191

Cash at bank

883

Closing net debt

-511,087-1,669,292 -1,306,105 -3,486,483 -1,615,253

320

Universal Registration Document 2020