Plastic Omnium - 2018 Registration Document

4 2018 CONSOLIDATED FINANCIAL STATEMENTS Consolidated financial statements at December 31, 2018 PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 171 (a) Income from disposals of non-current assets The breakdown of the disposals of non-current assets given below is used to explain the impact on non-current operating income of transactions in non-current assets and reconcile them with changes in the statement of cash-flows: the amount of disposals of property, plant and equipment and ● intangible assets in the statement ofcash-flows is comprised of the amount of the income on disposals of fixed assets in “Other income and expenses, net”;and the amount of the capital gain or loss on disposals of fixed assets in the ● statement ofcash-flows consists of the amount in the income statement for disposals of fixed assets in “Other operating income and expenses”. The details are as follows: In thousands of euros 2018 2017 restated Disposal proceeds Gain/loss Disposal proceeds Gain/loss Disposals of intangible assets 996 (6,743) 1,338 964 Disposals of property, plant and equipment (1) 4,842 5,083 16,351 (2,475) Disposals of Long-term Investments in listed equity instruments and in funds (2) - - 36,842 1,905 TOTAL FROM DISPOSALS OF NON-CURRENT ASSETS AND OF LONG-TERM INVESTMENTS IN LISTED EQUITY INSTRUMENTS AND IN FUNDS 5,838 (1,660) 54,531 394 Disposals of non-current financial assets 200,166 450 170,102 (21,932) Shares in Faurecia Exterior Systems business, not retained by the Group (3) 159,424 (2,395) Shares in Truck business entities 10,678 (19,537) Disposal of Environment Division (4) 199,379 - Shares in Plastic Recycling (5) 767 492 Other shares sold 20 (42) TOTAL PROCEEDS FROM DISPOSAL OF NON-CURRENT FINANCIAL ASSETS (SEE TABLE ABOVE) 200,166 450 170,102 (21,932) TOTAL 206,004 (1,210) 224,633 (21,538) 2018 Losses on disposal of fixed assets mainly concern Spain for the Clean Energy Systems Division. (1) Disposal of Environment Division (4) Sale in February 2018 of the Group’s stake in Plastic Recycling. See Note 2.6.2 in “Significant events of the period”. (5) 2017 Losses on disposals mainly concerned the disposal of the office buildings of the Environment Division’s Sulo Emballagen company in Herford, Germany (see (1) Note 2.3.3 in the “Significant events of the period”) and the disposal of the Norcross plant in the United States, from the Auto Exterior Division renamed “Intelligent Exterior Systems” (see Note 2.3.5 in the “Significant events of the period”). The Group disposed of securities of the listed companies shown on the balance sheet at December 31, 2016 under “Other available-for-sale financial assets” (2) (renamed “Investments in listed equity instruments and in funds”). Disposals of Faurecia Exterior Systems securities, reclassified in 2016 under “Assets held for sale” for €159,605 thousand, price correction for the disposal of (3) the Spanish site for -€181 thousand and disposal of the truck business entities for the difference. Net financial income 4.7 In thousands of euros 2018 2017 restated Finance costs (61,927) (53,437) Interest cost of post-employment benefit obligations (1) (2,311) (2,145) Financing fees and commissions (4,878) (7,643) FINANCE COSTS, NET (69,116) (63,225) Exchange gains or losses on financing activities 1,709 (13,358) Gains or losses on interest rate and currency hedges (2) (1,976) 10,811 Other (3) (821) 85 OTHER FINANCIAL INCOME AND EXPENSES, NET (1,088) (2,462) TOTAL (70,204) (65,687) See Note 5.2.6.5 on the “Changes in net balance sheet amounts”. (1) See Notes 5.2.8.1.3 on the “Impact of hedging on the Income statement” and 5.2.8.2.2 on the “Impact of unsettled foreign exchange currency hedges on (2) income and equity”. In 2018, this section includes an impairment of the UCITS for an amount of -€822 thousand. See the Note 5.2.7.3 “Loans, negotiable debt securities and other (3) financial assets”.