Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 229 Trade and other receivables 5.1.9 SALE OF RECEIVABLES 5.1.9.1 Compagnie Plastic Omnium SE and some of its European and United States subsidiaries have set up several commercial receivables sale programs with French financial institutions. These programs have an average maturity of more than two years. These non-recourse programs transfer substantially all the risks and rewards of ownership to the buyer of the sold receivables; for these programs, only the non-material dilution risk is not transferred to the buyer. Receivables sold under these programs, which are therefore no longer included in the balance sheet, totaled €327 million at December 31, 2020 versus €315 million at December 31, 2019. TRADE RECEIVABLES – GROSS VALUES, IMPAIRMENT AND CARRYING AMOUNTS 5.1.9.2 In thousands of euros December 31, 2020 December 31, 2019 Gross value Impairment Carrying amount Gross value Impairment Carrying amount TRADE RECEIVABLES 824,214 (9,814) 814,400 823,843 (5,044) 818,799 The Group has not identified any significant non-provisioned customer risk over the two periods (see Note 6.3.1 “Customer risk”). OTHER RECEIVABLES 5.1.9.3 In thousands of euros December 31, 2020 December 31, 2019 Sundry receivables 89,031 88,560 Prepayments to suppliers of tooling and prepaid development costs 26,529 40,734 Income tax receivables 94,722 93,990 Other tax receivables 96,242 90,655 Employee advances 3,310 3,837 Prepayments to suppliers of non-current assets 8,473 10,980 OTHER RECEIVABLES 318,307 328,757 TRADE AND OTHER RECEIVABLES BY CURRENCY 5.1.9.4 In thousands of currency units December 31, 2020 December 31, 2019 Local currency Euro % Local currency Euro % EUR Euro 500,699 500,699 44% 579,439 579,439 50% USD US dollar 393,438 320,624 28% 276,384 246,025 21% CNY Chinese yuan 1,120,250 139,638 12% 831,066 106,268 9% GBP Pound sterling 59,970 66,705 6% 56,899 66,877 6% Other Other currencies - 105,041 9% - 148,947 13% TOTAL 1,132,707 100% 1,147,556 100% Of which: Trade receivables ● 814,400 72% - 818,799 71% Other receivables ● 318,307 28% - 328,757 29%