Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 227 Non-current financial assets 5.1.6 The financial assets recognized under this item correspond to long-term investments in equities and funds as well as other assets such as deposits and surety bonds grouped as follows: LONG-TERM INVESTMENTS IN EQUITIES AND FUNDS 5.1.6.1 investments in listed companies, funds or equivalents and investments ● in securities of listed companies, including funds invested in the “Aster” venture capital company; the Group’s investments in the “FMEA 2” fund as part of the support of ● the Automotive Division sub-contractors and in shell companies. In the context of the application of IFRS 9 “Financial Instruments, the Group opted to recognize changes in the value of listed shares in non-recyclable profit and loss and changes in investments funds, such as “Aster”, “Tactotek OY” and “FMEA” funds, in the income statement. In thousands of euros December 31, 2020 December 31, 2019 Subscribed amounts Non-called-up amounts Net Subscribed amounts Non-called-up amounts Net Financial investments in the FMEA 2 fund (1) (2) 4,000 (3,563) 437 4,000 (3,171) 829 Financial investments in listed securities (1) (3) - - - - - 50,530 Financial investments in the venture capital AP Ventures (1) (4) 26,896 (22,986) 3,910 26,896 (25,395) 1,501 Investment in the venture capital company Aster (1) (5) 20,000 (16,214) 3,786 20,000 (16,700) 3,300 Other (1) - - 176 - - 142 LONG-TERM INVESTMENTS IN EQUITIES AND FUNDS 8,309 56,302 Financial investments in the FMEA 2 fund and investments in shares in listed companies are listed under long-term financial receivables in Note 5.2.6.7 (1) “Reconciliation of gross and net financial debt”. The net value of FMEA 2 at each end of the period corresponds to the fair value of the Group’s investments in the fund. Uncalled amounts include distributions (2) of income as well as fair value adjustments. During the fiscal year, the Group sold its financial investments of listed securities (See Cash Flow Statement). (3) The total paid to the Group in AP Ventures, a venture capital fund dedicated to hydrogen, amounted to $4.8 million (equivalent of €3.9 million) (4) as of December 31, 2020 versus $1.7 million at December 31, 2019. See Note 2.2.3 in “Significant events of the period”. The Group has committed up to $30 million over the life of the fund. During the period, the Group paid €1.530 million and received €1.024 million as distribution of income (recognized in the balance sheet over the period of full (5) payment the amount subscribed). OTHER NON-CURRENT FINANCIAL ASSETS 5.1.6.2 In thousands of euros December 31, 2020 December 31, 2019 Loans 1,488 1,807 Deposits and surety bonds 8,265 12,849 OTHER NON-CURRENT ASSETS AND FINANCIAL RECEIVABLES (SEE NOTE 5.2.6.7) 9,753 14,656 Finance receivables related to Automotive contracts - - NON-CURRENT FINANCIAL RECEIVABLES (SEE NOTE 5.2.6.7) - - TOTAL 9,753 14,656 Deposits and surety bonds mainly concern deposits relating to leased offices and receivables sale programs.