Plastic Omnium - 2020 Universal Registration Document

2020 STATUTORY FINANCIAL STATEMENTS Notes to the statutory financial statements PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 275 NOTES TO THE BALANCE SHEET A - INTANGIBLE ASSETS In thousands of euros 2019 + - 2020 Patents, trademarks and licenses 993 - - 993 TOTAL, GROSS 993 - - 993 Accumulated amortization (954) (10) - (964) TOTAL, NET 39 (10) 0 29 B - PROPERTY, PLANT AND EQUIPMENT In thousands of euros 2019 + - 2020 Land 13 - - 13 Fixtures and fittings 127 - - 127 Office equipment and furniture 3,576 - - 3,576 Property, plant and equipment in progress 2 - 2 0 Prepayments to suppliers of non-current assets 0 - - 0 TOTAL, GROSS 3,718 0 2 3,716 Accumulated depreciation (560) (82) - (642) TOTAL, NET 3,158 (82) 2 3,074 C - FINANCIAL ASSETS In thousands of euros 2019 + - 2020 Shares in subsidiaries and affiliates 954,715 276,648 - 1,231,363 Other long-term investments 53,844 40,147 58,474 35,517 Loans 865,037 65,490 198,575 731,952 TOTAL, GROSS 1,873,596 382,285 257,049 1,998,832 Provisions for impairment (1,063) (70,254) - (71,317) TOTAL, NET 1,872,533 312,031 257,049 1,927,515 Movements in equity interests relate to the transactions described in the chapter “Significant events,” i.e. the subscription to the capital increases of the wholly-owned subsidiaries, Plastic Omnium Auto Exteriors (€156.6 million), Plastic Omnium GmbH (€110 million), Plastic Omnium Management 4 (€10 million). In the current context of the Covid-19 health crisis and the decline in business, impairment tests were carried out on the equity interests in subsidiaries. These tests led in particular to the recognition of a €60 million impairment of the Plastic Omnium GmbH shares. This entity holds, among other things, the shares in the German subsidiary of the Intelligent Exterior Systems division whose industrial assets have been impaired. The change in other long-term investments is mainly due to the sale of the AP Ventures fund to its subsidiary Plastic Omnium Advanced Innovation and Research (see chapter “Significant events”) as well as to transactions in treasury shares under the liquidity agreement. Other long-term investments mainly comprise: a €19 million commitment in the Aster VI professional equity fund of ● Aster Capital Partners SAS, specialized in the energy, industry and mobility sectors; a €3 million commitment in the professional private equity fund Fonds ● d’Avenir Automobile, focused on automotive equipment manufacturers; 12,500 treasury shares allocated to market-making and valued at ● €0.3 million; 735,310 treasury shares being cancelled and valued at €13.2 million. ● Loans consist of medium- and long-term financing provided to entities of Plastic Omnium Group.