Plastic Omnium - 2018 Registration Document

4 2018 CONSOLIDATED FINANCIAL STATEMENTS Consolidated financial statements at December 31, 2018 PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 187 Cash and cash equivalents break down as follows: In thousands of euros December 31, 2018 December 31, 2017 Cash and cash equivalents of the Group’s captive reinsurance company 33,689 30,902 Cash and cash equivalents in countries with exchange controls on remittances and transfers (1) 84,380 86,138 Cash equivalents 798,267 822,594 TOTAL CASH AND CASH EQUIVALENTS ON THE BALANCE SHEET 916,336 939,635 The countries in “regions with exchange controls on remittances and transfers” include Brazil, China, India, Chile, Argentina and South Korea. (1) The different categories of the above table are presented in the current assets in the absence of any general restriction on these amounts. NET CASH AND CASH EQUIVALENTS AT END OF PERIOD 5.1.12.2 In thousands of euros December 31, 2018 December 31, 2017 Cash and cash equivalents 916,336 939,635 Short-term bank loans and overdrafts (4,684) (9,993) NET CASH AND CASH EQUIVALENTS AT END OF PERIOD IN THE STATEMENT OFCASH-FLOWS 911,652 929,642 Statement ofcash-flows – Acquisitions and disposals 5.1.13 of financial assets, non-controlling interests and related investments ACQUISITIONS OF EQUITY INTERESTS, NON-CONTROLLING 5.1.13.1 INTERESTS AND RELATED INVESTMENTS The Group’s financial acquisitions are broken down into two categories, which analysis as follows: a – acquisitions of shares in subsidiaries and associates, investments leading to a change in control, equity investments in associates, joint ventures and related investments These are recorded under “Cash-flows from investments” in the Consolidated Cash-flows statement. At December 31, 2018: The amount of €369.6 million under the heading “Acquisitions of equity investment of integrated companies and takeover” corresponds to: the acquisition of the 33.33% stake in HBPO for €369.8 million (see ● Note 2.3.1 in the “Significant events of the period”) ; and reductions of purchase prices of the companies Swiss Hydrogen and ● Optimum CPV BVBA for -€0.2 million (see Notes 2.4.1 and 2.4.2 in the “Significant events of the period”) . At December 31, 2017: The amount of €21.4 million under “Acquisitions of shares in subsidiaries and associates” corresponded to: the acquisition of the following two companies: ● Swiss Hydrogen for €12.8 million, and ● Optimum CPV BVPA for €6.1 million (of which €1 million recognized ● in financial liabilities as a guarantee for liabilities); the subscription in 2017 to the capital increase of the Israeli company ● Ξ PO-CellTech for an amount of €2.5 million. DISPOSAL OF SHARES IN SUBSIDIARIES AND ASSOCIATES 5.1.13.2 AND NON-CONTROLLING INTERESTS Disposals of shares in subsidiaries and associates Disposals of shares in subsidiaries and associates are recognized under “Cash-flows from investments” in the Consolidated statement ofcash-flows. 2018: The Group sold: at the end of February 2018, the company Plastic Recycling SAS for an ● amount of €0.8 million (see Note 2.6.2 in the “Significant events of the period”); and on December 18, 2018, the Environment Division for an amount of ● €199.4 million (see Note 2.6.1 in the “Significant events of the period”). 2017: On June 30, 2017, the Group sold truck parts business for €10.7 million. Consolidated funds and proportionate share of funds 5.1.14 from operations of associates and joint ventures, after taxes and interest paid, net of dividends paid The Group uses the concept of “Funds from operations”, which includes all companies within the scope of consolidation whose activities were monitored and managed during the period for the determination of certain major aggregates. The disposal of the Environment Division on December 18, 2018 and the “2017 restated” presentation with the Environment Division as “Non-current assets held for sale and discontinued operations” in accordance with IFRS 5, do not cover the effective management scope of all companies over the period.