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 226 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES CONSOLIDATED BY THE EQUITY METHOD Investments in associates and joint ventures correspond to investments by the Group in the following companies: In thousands of euros 2020 % interest 2019 % interest December 31, 2020 December 31, 2019 HBPO – SHB Automotive Modules (1) 33.34% 33.34% 15,088 16,346 HICOM HBPO Sdn Bhd (2) - 26.66% - 559 JV Yanfeng Plastic Omnium and its subsidiaries – joint venture (3) 49.95% 49.95% 151,668 164,683 BPO AS – joint venture 49.98% 49.98% 13,416 13,342 PO-CellTech (4) - 23.00% - - TOTAL INVESTMENTS IN ASSOCIATES AND JOINT VENTURES 180,172 194,930 Equity investments in Tactotek OY (5) - - Other non-consolidated equity investments 170 199 TOTAL NON-CONSOLIDATED EQUITY INVESTMENTS 170 199 TOTAL INVESTMENTS CONSOLIDATED BY THE EQUITY METHOD AND NON-CONSOLIDATED EQUITY INSTRUMENTS 180,342 195,129 This relates to HBPO’s Joint venture. (1) See Note 2.2.2.2 in “Significant events of the period” on the Group’s October 1, 2020 takeover of HBPO Hicom. (2) The Yanfeng Plastic Omnium sub-group had three new entities in 2019: Ningde, Daquing (activity not yet started) and Yangkang Rugao following an acquisition. (3) The Group sold its equity investment in PO-CellTech on June 3, 2020. See Note 2.2.2.3 in “Significant events of the period”. (4) The equity investment in the Finnish company Tactotek OY was fully impaired at the end of 2019. (5) Investments in these entities include goodwill by segment for the following amounts: In thousands of euros December 31, 2020 December 31, 2019 Goodwill in associates and joint ventures – Industries segment 21,080 21,414 Goodwill in associates and joint ventures – Modules segment 4,257 5,236 TOTAL GOODWILL IN ASSOCIATES AND JOINT VENTURES 25,337 26,650 In view of the individual contribution of less than 10% of joint ventures and associates to the Group’s main financial indicators, the summary balance sheet and income statement aggregates of the joint ventures are as follows: the joint venture YFPO and its subsidiaries after elimination of internal ● transactions; the Samlip associate of HBPO; and ● the BPO joint-venture. ● In thousands of euros December 31, 2020 December 31, 2019 Non-current assets 388,991 424,981 Current assets 1,163,324 1,030,412 TOTAL ASSETS 1,552,315 1,455,393 Shareholders’ equity 275,321 289,925 Non-current liabilities 96,952 109,145 Current liabilities 1,180,042 1,056,323 TOTAL EQUITY AND LIABILITIES 1,552,315 1,455,393 Revenue 1,509,849 1,541,006
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