Plastic Omnium - 2018 Registration Document

4 2018 CONSOLIDATED FINANCIAL STATEMENTS Consolidated financial statements at December 31, 2018 www.plasticomnium.com PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 224 STATUTORY AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 4.2.7 “This is a translation into English of a report issued in French and it is provided solely for the convenience of English-speaking users. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France.” FOR THE YEAR ENDED DECEMBER 31, 2018 To the Annual General Meeting of the Shareholders of Plastic Omnium, OPINION In compliance with the engagement entrusted to us by your annual general meeting, we have audited the accompanying consolidated financial statements of Compagnie Plastic Omnium for the year ended December 31, 2018. In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the Group as at December 31, 2018 and of the results of its operations for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union. The audit opinion expressed above is consistent with our report to the Accounts Committee. BASIS FOR OPINION AUDIT FRAMEWORK We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our responsibilities under those standards are further described in the Statutory Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report. INDEPENDENCE We conducted our audit engagement in compliance with independence rules applicable to us, for the period from January 1, 2018 to the date of our report and specifically we did not provide any prohibited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014 or in the French Code of Ethics ( Code de déontologie ) for statutory auditors. EMPHASIS OF MATTER Without qualifying our opinion, we draw your attention to the matter set out in Note "2.1. Application of new IFRS applicable from January 1, 2018 " to the consolidated financial statements, which describes the change in methods and impact on the Company’s consolidated financial statements of the first-time application of IFRS 15 "Revenue from Contracts with Customers" and IFRS 9" Financial Instruments". JUSTIFICATION OF ASSESSMENTS – KEY AUDIT MATTERS In accordance with the requirements of Articles L.823-9 and R.823-7 of the French Commercial Code relating to the justification of our assessments, we inform you of the key audit matters relating to risks of material misstatement that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period, as well as how we addressed those risks. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on specific items of the financial statements.