Plastic Omnium - 2020 Universal Registration Document

2020 STATUTORY FINANCIAL STATEMENTS Notes to the statutory financial statements www.plasticomnium.com PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 282 NOTES TO THE INCOME STATEMENT J - NET SALES AND OTHER OPERATING REVENUE Total operating revenue excluding expense transfers and provision reversals breaks down as follows: In thousands of euros 2020 2019 By business segment Property management income 53 7,654 Other expenses re-invoiced 3,177 4,764 License and service fees 26,678 29,059 TOTAL 29,908 41,477 By region France 5,514 16,086 International 24,394 25,391 TOTAL 29,908 41,477 The decrease in revenue is thus due to the following: the drop in rental income following the disposal of the Lyon Gerland ● and Nanterre real estate complexes at the end of 2019; the decrease in fees invoiced to subsidiaries related to the decrease in ● their revenue used as the basis for invoicing. K - PURCHASES AND EXTERNAL CHARGES In thousands of euros 2020 2019 Senior management services 687 861 Overheads and headquarters expenses 694 2,453 Professional fees 5,094 8,310 Advertising, print collateral and publication 1,128 2,451 Travel and entertainment 125 2,052 Bank charges 7,021 4,272 Other purchases and external charges 9,670 10,413 TOTAL 24,419 30,812 Until December 31, 2019, Burelle SA invoiced Compagnie Plastic Omnium SE for Senior management services based on rebilling guidelines applied to the compensation paid by Burelle SA to the executive officers of Compagnie Plastic Omnium. These services were recognized as external expenses. Following the decision of the Combined Shareholders’ Meeting of April 23, 2020 to maintain the re-invoicing guidelines for 2018, additional invoicing of €0.6 million in respect of 2019 was recorded in Compagnie Plastic Omnium SE’s financial statements for the financial year 2020. amount of €0.1 million, representing a share of the contribution to the pension plan in 2020 with respect to the Chairman of Compagnie Plastic Omnium SE. In view of the changes in corporate governance on January 1, 2020, Burelle SA stopped invoicing Compagnie Plastic Omnium SE for services in respect of 2020. Burelle SA invoiced Compagnie Plastic Omnium SE an The change in overheads and headquarter expenses between 2019 and 2020 is related to the absence in 2020 of costs related to the Gerland and Nanterre building complexes, sold on December 4, 2019. The increase in bank fees and commissions is due to the establishment of new credit lines. The decrease in other purchases and external expenses is due to the economic context of the Covid-19 crisis.