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 220 Net financial income 4.7 In thousands of euros 2020 2019 Finance costs (46,667) (63,607) Interest on lease liabilities (1) (7,817) (8,773) Financing fees and commissions (5,352) (4,688) BORROWING COSTS (59,836) (77,068) Exchange gains or losses on financing activities (4,635) (3,177) Gains or losses on interest rate and currency hedges (2) 2,626 4,471 Interest on post-employment benefit obligations (1,449) (2,295) Other (3) (5,243) 304 OTHER FINANCIAL INCOME AND EXPENSES (8,701) (697) TOTAL (68,537) (77,765) See Notes 5.1.3 “Property, plant and equipment” and 5.2.6.7 “Reconciliation of gross and net financial debt”. (1) The Group no longer has any interest rate instrument contracts. This item includes an amount of -€261 thousand corresponding to the amortization of the (2) balance on the 2018 bond loan (see the statement of changes in equity) and income of +€2,893 thousand corresponding to the impact of currency hedges. See Note 5.2.7.1.2 “Impact of unsettled foreign exchange hedges on net income and equity”. In 2020, this item includes in particular: (3) The impact of the disposal of UCITS with a nominal value of €50 million held by the Group as of December 31, 2019, i.e. a net loss of -€1,506 thousand (including the reversal of the provision of +€197 thousand in the balance sheet at December 31, 2019). See Note 5.2.6.4 “Loans, negotiable debt securities and other financial assets” and the financial impact of hyperinflation in Argentina for -€3,713 thousand. Income tax 4.8 In line with the significant decrease expected in future results, the income tax expense for the period takes into account both the non-recognition of deferred tax assets on some entities’ losses during the period, and the impairment of part of the stock of deferred tax assets recognized in the financial statements at January 1, 2020 and part of the deferred taxes relating to 2020 activity. Income tax recognized in the income statement 4.8.1 The income tax expense breaks down as follows: In thousands of euros 2020 2019 CURRENT TAXES ON CONTINUING ACTIVITIES (4,550) (117,763) Current income tax income/(expense) 5,755 (118,101) Tax expense/(income) on non-recurring items (10,305) 338 DEFERRED TAXES ON CONTINUING ACTIVITIES 35,552 27,903 Deferred tax income/(expense) on timing differences arising or reversed during the period 36,434 27,130 Expense/(income) resulting from changes in tax rates or the introduction of new taxes (882) 773 INCOME TAX INCOME (EXPENSE) ON CONTINUING ACTIVITIES RECORDED IN THE CONSOLIDATED INCOME STATEMENT 31,002 (89,860)