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 184 Trade and other receivables 5.1.10 SALE OF RECEIVABLES 5.1.10.1 Compagnie Plastic Omnium and some of its European and United States subsidiaries have set up several receivables sales programs with French banks. These programs have an average maturity of more than two years. These non-recourse programs transfer substantially all the risks and rewards of ownership to the buyer of the sold receivables; for these programs, only the non-material dilution risk is not transferred to the buyer. Receivables sold under these programs, which are therefore no longer included in the balance sheet, totaled €347 million at December 31, 2018 against €341 million at December 31, 2017 (this amount included €22 million as of December 31, 2017 related to the Environment Division, sold in December 2018). TRADE RECEIVABLES – COST, IMPAIRMENT AND CARRYING AMOUNTS 5.1.10.2 In thousands of euros December 31, 2018 December 31, 2017 Cost Impairment Carrying amount Cost Impairment Carrying amount Trade receivables 820,132 (4,833) 815,300 944,886 (4,802) 940,084 1 st application of IFRS 15 (1) (124,507) (124,507) 1 st application of IFRS 9 (2) (1,939) (1,939) TRADE RECEIVABLES AT JANUARY 1, 2018 820,379 (6,741) 813,638 See, in “Significant events of the period”, Notes 2.1 and 2.1.1 on the 1 st time application of IFRS 15 at January 2018. (1) See, in “Significant events of the period”, Notes 2.1 and 2.1.2 on the 1 st time application of IFRS 9 at January 2018. (2) The Group has not identified significant unfunded customer risk over the two periods. OTHER RECEIVABLES 5.1.10.3 In thousands of euros December 31, 2018 December 31, 2017 Sundry receivables 101,949 95,389 Prepayments to suppliers of tooling and prepaid development costs 70,713 58,265 Prepaid and recoverable income taxes 97,810 93,048 Other prepaid and recoverable taxes 82,613 101,209 Employee advances 3,129 2,342 Prepayments to suppliers of non-current assets 14,398 4,349 OTHER RECEIVABLES 370,612 354,602