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 212 In 2018, as in 2017, there was no transfer between fair value levels. The fair value of financial assets and liabilities at amortized cost was close to the carrying amount, except for current and non-current debt. In thousands of euros Balance sheet values at December 31, 2018 Fair value at December 31, 2018 Total Current portion Non-current portion Total Current portion Non-current portion Bonds and bank loans (1)(2) 1,747,410 120,815 1,626,595 1,729,473 120,880 1,608,593 In thousands of euros Balance sheet values at December 31, 2017 Fair value at December 31, 2017 Total Current portion Non-current portion Total Current portion Non-current portion Bonds and bank loans (1) 1,690,437 378,337 1,312,100 1,734,589 387,243 1,347,346 See Note 5.2.7.5 “Reconciliation of gross and net debt”. (1) The significant variation in bond issues between 2018 and 2017 is due to the new bond issued by Compagnie Plastic Omnum on June 17, 2017 (see Note 2.8.1 (2) in the “Significant events of the period”). Methods for measuring fair value: the fair value of listed bonds is determined on the basis of quoted ● prices (level 1). The fair value of other borrowings is determined for each loan by discounting futurecash-flows at a rate corresponding to the Euribor yield curve at year-end, corrected for the Group’s credit risk (level 2); of the product on the balance sheet date (level 2) (certificates of deposit, term deposits, negotiable medium-term notes, etc.) (nominal and interest). The discount rate used in this framework is the market rate matching the maturity and products’ characteristics; the fair value of monetary and non-monetary UCITS is measured ● according to their last known net asset value (level 1). The fair value of interest rate products (certificates of deposit, time-deposit accounts, negotiable medium-term notes, etc.) is based on discounted futurecash-flows (the principal and interest) for the remaining duration other non-current financial assets and finance receivables: items ● consisting mainly of finance receivables recorded on the basis of a discounted value when their maturity is more than one year; most of the derivatives are traded over-the-counter on which there are ● no listed prices. As a result, their valuation is based on models commonly used by traders to evaluate financial instruments using discountedcash-flow models or option valuation models (level 2). ADDITIONAL INFORMATION NOTE 7 Headcount at end of year 7.1 December 31, 2018 December 31, 2017 Excluding temporary Temporary Total Excluding temporary Temporary Total Changes/ Total France 2,994 553 3,547 3,703 867 4,570 -22% % 13.1% 13.4% 13.2% 17.5% 19.8% 17.9% Europe excluding France 11,294 1,835 13,129 10,210 2,112 12,322 7% % 49.5% 44.6% 48.8% 48.3% 48.3% 48.3% North America 4,978 650 5,628 3,761 596 4,357 29% % 21.8% 15.8% 20.9% 17.8% 13.6% 17.1% Asia and South America (1) 3,546 1,074 4,620 3,453 802 4,255 9% % 15.5% 26.1% 17.2% 16.3% 18.3% 16.7% TOTAL (2) 22,812 4,112 26,924 21,127 4,377 25,504 6% (1) The “Asia and South America” region includes Turkey, South Africa and Morocco. (2) The headcount linked to the disposal of the Environment Division represents a total of 1,795 employees in 2018. In 2017, it represented a total of 1,824 employees.