Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 www.plasticomnium.com PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 218 Staff costs 4.3 Following the partial activity due to Covid-19 health pandemic in several countries where the Group operates (see Note 2.1.4 in the “Implementation of part-time activities and state aid”), the Group received aid from several States, for €31.7 million, which reduced personnel costs. In thousands of euros 2020 2019 Wages and salaries (782,963) (835,462) Payroll taxes (1) (224,490) (248,762) Non-discretionary profit-sharing (13,916) (19,213) Share-based payments (1,408) (2,492) Pension and other post-employment benefit costs (9,376) (5,626) Other employee benefits expenses (22,757) (47,356) TOTAL EMPLOYEE BENEFITS EXPENSE EXCLUDING TEMPORARY STAFF COSTS (1,054,910) (1,158,911) Temporary staff costs (98,875) (147,890) TOTAL EMPLOYEE BENEFITS EXPENSES (1,153,785) (1,306,801) This item includes social contributions on the new stock option subscription and/or performance free share plans for an amount of: (1) • -€91 thousand in 2020 (of which -€23 thousand for executive directors); • -€184 thousand in 2019 (of which -€7 thousand for executive directors). Amortization of intangible assets acquired 4.4 This item corresponds mainly to: the amortization over six years of contractual customer relationships ● recognized on the takeover in July 2016 of the Faurecia Group Exterior Systems business; the amortization over seven years of contractual customer relationships ● and over 15 years for the brand recognized on the takeover of HBPO in July 2018; and the end of amortization (over nine years), in May 2020, of contractual ● customer relationships recognized in 2011 on Ford’s fuel tank business in the United States. As part of impairment tests of assets following the decline in activity due to the Covid-19 crisis (see Note 2.1.2 “Asset impairment tests”), the Group recognized impairments on HBPO customer contracts at December 31, 2020 for -€23.4 million (see Note 4.6 “Other operating income and expenses”). In thousands of euros 2020 2019 Amortization of brands (547) (547) Amortization of contractual customer relationships (21,846) (26,663) TOTAL AMORTIZATION OF INTANGIBLE ASSETS ACQUIRED (22,393) (27,210) Share of profit/(loss) of associates and joint ventures 4.5 The associates Chengdu Faway Yanfeng Plastic Omnium and Dongfeng Plastic Omnium Automotive Exterior are included in the YFPO joint ventures. Share of profit/(loss) of associates and joint ventures breaks down as follows (please refer to Note 5.1.5 for “Non-consolidated interests and investments in associates and joint ventures accounted for by the equity method” in the Balance Sheet): In thousands of euros 2020 % interest 2019 % interest 2020 2019 HBPO – SHB Automotive Modules 33.34% 33.34% 1,601 1,805 HICOM HBPO Sdn Bhd (1) 26.66% 26.66% 91 82 JV Yanfeng Plastic Omnium and its subsidiaries – joint venture 49.95% 49.95% 22,451 28,370 BPO AS – joint venture 49.98% 49.98% 4,958 6,320 PO-CellTech (2) 23.00% 23.00% - (123) TOTAL SHARE OF PROFIT/(LOSS) OF ASSOCIATES AND JOINT VENTURES 29,101 36,454 HBPO Hicom was accounted using the equity method until the end of September 2020. With the takeover by the Group on October 1, 2020, the Company is now (1) fully consolidated. See Note 2.2.2.2 in the “Significant events of the period”. The Group sold its equity investment in PO-CellTech on June 3, 2020. See Note 2.2.2.3 under the “Significant events of the period”. (2)