Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 219 Other operating income and expenses 4.6 In thousands of euros 2020 2019 Pre-start-up costs at new plants (1) (1,551) (13,490) Reorganization costs (2) (52,079) (48,372) Impairment of non-current assets (3) (250,236) (5,455) Impairment and write-offs on current assets (4,430) - Impairment of investments and financial receivables (net) (144) 2,326 Provisions for litigations and expenses (4) (7,294) (14,052) Foreign exchange gains and losses on operating activities (5) (12,927) (11,480) Change in scope of consolidation – HICOM (6) 2,282 - Argentina hyperinflation (2,858) 276 Retirement pension plan: change in the plans - 14,160 Gains/Losses on disposals of non-current assets (2,533) 17,924 Other (7) (2,022) (8,875) TOTAL OPERATING INCOME AND EXPENSES (333,791) (67,037) of which total income 27,234 167,694 of which total expense (361,025) (234,731) At December 31, 2020 (1) Pre-start costs at new plants: All of the costs incurred in 2020 relate to Intelligent Exterior Systems plants. (2) Reorganization costs: Reorganization costs relate primarily to significant restructuring in the “Industries” segment in Germany, in Belgium and the United States. (3) Impairment of non-current assets: Impairment of non-current assets mainly relates to production and project assets as follows: “Industries”: Germany, Belgium, China, South Korea, United States, ● India, France, Mexico and Poland; and “Modules”: Germany. ● The summary of assets impaired during fiscal year 2020 following the Covid-19 crisis are provided in Note 2.1.2 “Asset impairment tests”. (4) Provisions for litigations and expenses: This item mainly includes provisions for quality disputes with several car manufacturers unrelated to Covid-19 and, labor disputes. (5) Foreign exchange gains and losses on operating activities: Virtually all foreign exchange losses are realized by the “Industries” segment, mainly related to the US dollar. (6) Change in scope of consolidation of Hicom: Group takeover of HBPO Hicom in Malaysia (stake increased from 40% to 51%) and revaluation of the 40% share held before the takeover based on fair value for an income of €2.3 million. (7) Other: Non-material amounts taken individually. At December 31, 2019 Refer to the Consolidated financial statements at December 31, 2019 for details of transactions in the previous fiscal year.