Plastic Omnium - 2018 Registration Document

5 2018 STATUTORY ACCOUNTS Notes to the statutory accounts PLASTIC OMNIUM 2018 REGISTRATION DOCUMENT 239 E – CASH AND CASH EQUIVALENTS In thousands of euros 2017 + – 2018 Short-term investment securities 54,376 8,119 46,257 Other short-term investment securities 238,075 42 169,069 69,048 Bank accounts 137,601 13,194 124,407 TOTAL, GROSS 430,052 42 (190,382) 239,712 Provisions for short-term investment securities 0 (1,546) (1,546) TOTAL, NET 430,052 (1,504) (190,382) 238,166 The item “Short-term investment securities” includes 2,180,347 treasury shares allocated to various stock option plans in the gross amount of €46,257 thousand. A provision for impairment of €0.7 million was recognized in respect of the shares held and not allocated to stock purchase plans and not yet granted. At December 31, 2018, Compagnie Plastic Omnium had granted the following stock options: 140,262 stock options approved by the Board of Directors on March 6, ● 2012 acting on authorization granted at the Extraordinary Shareholders’ Meeting of April 28, 2011; 270,300 stock options approved by the Board of Directors on, July 23, ● 2013 acting on authorization granted at the Extraordinary Shareholders’ Meeting of April 25, 2013; 1,118,000 stock options approved by the Board of Directors on, ● July 21, 2015 acting on authorization granted at the Extraordinary Shareholders’ Meeting of April 25, 2013; 528,500 stock options approved by the Board of Directors on ● February 22, 2017 acting on authorization granted at the Extraordinary Shareholders’ Meeting of April 28, 2016. The item “Other short-term investment securities” totaling €69 million consists of €50 million in mutual funds, €14 million in negotiable medium-term notes and €5 million in short-term investments. The mutual funds are covered by an impairment provision of €0.8 million. F – PREPAID EXPENSES AND ACCRUED INCOME In thousands of euros 2018 2017 Prepaid expenses 933 1,083 Deferred charges (debt issuance costs) 6,617 4,736 Bond redemption premiums 3,376 4,690 Translation loss on FX payables and receivables 236 97 TOTAL, NET 11,162 10,606 Redemption premiums and issuance costs of bonds are spread over the life of the bonds using the compound interest rate method. The increase during the period is attributable to the issuance of the €300 million Schuldschein (cf. Note I). G – CHANGE IN EQUITY In thousands of euros 2017 + – 2018 Shares 9,059 145 8,914 Additional paid-in capital 17,389 17,389 Revaluation reserve 245 245 Legal reserve 1,501 1,501 Other reserves 8,956 8,956 Carried forward 1,044,534 111,728 183,296 972,966 Net income for the year 111,728 231,797 111,728 231,797 Tax-regulated provisions 693 45 738 TOTAL 1,194,105 343,570 295,169 1,242,506 At December 31, 2018, share capital amounted to €8,913,966.42, consisting of 148,566,107 shares of €0.06 each. The number of shares held as treasury shares totals 2,290,930 and represents 1.54% of the Company’s capital.