Plastic Omnium - 2018 Registration Document

4 2018 CONSOLIDATED FINANCIAL STATEMENTS Consolidated financial statements at December 31, 2018 PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 181 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES ACCOUNTED BY THE EQUITY METHOD Investments in associates and joint ventures correspond to investments by the Group in the following companies: In thousands of euros 2018 % interest 2017 % interest December 31, 2018 December 31, 2017 JV HBPO GmbH and its subsidiaries (1) - 33.00% - 36,407 HBPO – SHB Automotive Modules (Samlip) (1) 33.33% 16.67% 16,141 4,661 HICOM HBPO Sdn Bhd (1) 26.66% 13.33% 466 93 JV Yanfeng Plastic Omnium and its subsidiaries 49.95% 49.95% 159,850 146,153 BPO AS 49.98% 49.98% 14,221 16,057 Plastic Recycling SAS (2) 50.00% 50.00% - 258 Ξ PO-CellTech 23.00% 23.00% 2,319 7,545 TOTAL OF INVESTMENTS IN ASSOCIATES AND JOINT VENTURES 192,997 211,174 Financial investments in Tactotek OY (3) - - Othe Investments in non-listed equity instruments 225 316 TOTAL OF NON-LISTED EQUITY INSTRUMENTS 225 316 TOTAL OF INVESTMENTS IN ASSOCIATES AND JOINT VENTURES AND IN NON-LISTED EQUITY INSTRUMENTS 193,222 211,490 See Note 2.3.1 in “Significant events of the period” on the Group’s June 26, 2018 acquisition of the German group Mahle-Behr 33.33% in HBPO. The Group took (1) control of HBPO, whose entities are fully consolidated. Only the two companies whose stake does not allow control are accounted by the equity method. Plastic Recycling SAS was sold in February 2018. See Note 2.6.2 on the disposal of this company in the “Significant events of the period”. (2) Acquisition, in February 2018, of an equity stake in the Finnish company Tactotek OY impaired at the end of the year. See Note 2.3.2 in “Significant events of the (3) period”. Investments in these entities include goodwill by segment and for the following amounts: In thousands of euros December 31, 2018 December 31, 2017 Goodwill in associates and joint ventures – Industries segment (1) 13,625 17,948 Goodwill in associates and joint ventures – Modules segment (2) - 5,493 TOTAL GOODWILL IN ASSOCIATES AND JOINT VENTURES 13,625 23,441 change over the period mainly corresponds to: The the impairment of Ξ PO-CellTech Goodwill; (1) the divestment of goodwill related to HBPO entities is due to the full consolidation of HBPO, following the Group’s takeover in July 2018 (see Note 2.4.2 in (2) “Significant events of the period”). In view of the individual contribution of less than 10% of joint ventures and companies associated with the Group’s main financial indicators, the summary balance sheet and income statement aggregates below are those of the consolidated companies and joint ventures: In 2018: the joint venture YFPO and its subsidiaries after elimination of internal ● transactions; the Samlip associate of HBPO; and ● the joint-venture BPO. ● In 2017: These figures were published on December 31, 2017. the joint venture YFPO and its subsidiaries before elimination of ● internal transactions; the associates Chengdu Faway Yanfeng Plastic Omnium, Dongfeng ● Plastic Omnium Automotive Exterior of YFPO; the HBPO and its subsidiaries before elimination of internal transactions; ● the Samlip and Hicom associates of HBPO; and ● the joint-venture BPO. ●