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 168 Staff costs 4.3 In thousands of euros 2018 2017 restated Wages and salaries (778,468) (758,619) Payroll taxes (1) (201,177) (200,862) Non-discretionary profit-sharing (15,782) (16,519) Share-based payments (2,528) (3,327) Pension and other post-employment benefit costs (7,497) (2,804) Other employee benefits expenses (47,575) (33,830) TOTAL EMPLOYEE BENEFITS EXPENSE EXCLUDING TEMPORARY STAFF COSTS (1,053,027) (1,015,961) Temporary staff costs (129,868) (132,097) TOTAL EMPLOYEE BENEFITS EXPENSES (1,182,895) (1,148,058) This item includes social contributions on stock purchase and subscription plans for an amount of: (1) • none in 2018 (because there was no stock-option plan); • - €954 thousand (of which -€101 thousand for executive directors) in 2017. Amortization of intangible assets acquired 4.4 in business combinations This item corresponds essentially to: the amortization over nine years of contractual customer relationships ● recognized in 2011 on Ford’s fuel tank business in the United States; the amortization over six years of contractual customer relationships ● recognized during the acquisition on July 29, 2016 of the Faurecia Group Exterior Systems business; And the amortization over seven years for customer relationships and ● over fifteen years for the brand recognized with the takeover of HBPO in 2018. In thousands of euros 2018 2017 restated Amortization of Brands (448) (350) Amortization of Contractual customer relationships (18,006) (19,914) TOTAL AMORTIZATION OF INTANGIBLE ASSETS ACQUIRED IN BUSINESS COMBINATIONS (18,454) (20,264) Share of profit/( loss) of associates and joint ventures 4.5 The associates Chengdu Faway Yanfeng Plastic Omnium, Dongfeng Plastic Omnium Automotive Exterior are included in the YFPO joint ventures. Share of profit/(loss) of associates and joint ventures is broken down as follows: In thousands of euros 2018 % Interest 2017 restated % Interest 2018 2017 restated JV HBPO GmbH and its subsidiaries (1) 33.33% 33.33% 8,341 14,187 HBPO – SHB Automotive Modules (Samlip) 33.33% 16.67% 1,518 854 HICOM HBPO Sdn Bhd 26.66% 13.33% 105 25 JV Yanfeng Plastic Omnium and its subsidiaries 49.95% 49.95% 39,363 45,557 BPO AS 49.98% 49.98% 7,769 9,232 Plastic Recycling SAS (2) 50.00% 50.00% 18 (37) Ξ PO-CellTech 23.00% 23.00% (5,226) (8,072) TOTAL SHARE OF PROFIT/(LOSS) OF ASSOCIATES AND JOINT VENTURES 51,888 61,746 The 33.33% in HBPO shown corresponds to the Group’s equity shares before the acquisition of an additional 33.33% stake in HBPO from the German group (1) Mahle-Behr the June 26, 2018. See Note 2.3.1 in “Significant Events of the period”. The Group sold its financial investment in Plastic Recycling in February 2018. The share of profit/(loss) in 2018 represents profit/(loss) in the Group’s financial (2) statements at the time of the sale. See Note 2.6.2 in “Significant events of the period”.