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 230 Sensitivity tests on movements in currencies of “Trade and other receivables” give the following results: In thousands of currency units Sensitivity tests on receivables at December 31, 2020 Sensitivity tests on receivables at December 31, 2019 Base Increase all currencies Decrease all currencies Base Increase all currencies Decrease all currencies +10% +20% -10% -20% +10% +20% -10% -20% Local currency Exchange rate % % % % Local currency Exchange rate % % % % EUR Euro 500,699 1.0000 42% 40% 47% 50% 579,439 1.0000 48% 46% 53% 56% USD US dollar 393,438 0.8149 29% 31% 27% 25% 276,384 0.8902 22% 23% 20% 19% CNY Chinese yuan 1,120,250 0.1247 13% 13% 12% 11% 831,066 0.1279 10% 10% 9% 8% GBP Pound sterling 59,970 1.1123 6% 6% 6% 5% 56,899 1.1754 6% 6% 6% 5% Other Other currencies - - 10% 10% 8% 9% - - 14% 14% 12% 11% TOTAL IN EUROS 1,132,707 1,195,913 1,259,114 1,069,511 1,006,310 1,147,556 1,204,356 1,261,169 1,090,734 1,033,923 Of which: Trade receivables ● 814,400 859,841 905,282 768,960 723,520 818,799 859,334 899,872 778,263 737,727 Other receivables ● 318,307 336,072 353,832 300,551 282,790 328,757 345,022 361,297 312,471 296,196 Exchange rate sensitivity tests on “Trade and other receivables and other receivables” and “Trade payables and other operating liabilities by currency” (see Note 5.2.8.3) show a low sensitivity of this item to variations in exchange rates. Deferred taxes 5.1.10 relatively short period of time reflecting a prudent approach given the current economic environment. As mentionned in Note 1.9 of the accounting rules and principles, deferred tax assets on tax loss carryforwards, temporary differences and tax credits are assessed according to their probability of future use. For this purpose, estimates were made as part of the closing of the accounts and led to the recognition of assets based on probable use within a As of December 31, 2020, analyses were performed in the specific context of the Covid-19 crisis. See Note 2.1.3 “Deferred tax assets”. Deferred taxes break down as follows: In thousands of euros December 31, 2020 December 31, 2019 Intangible assets (9,627) (38,556) Property, plant and equipment (12,132) (40,293) Employee benefit obligations 23,245 26,204 Provisions 52,773 41,413 Financial instruments (1,990) (497) Tax loss carryforwards and tax credits 187,662 140,528 Other 34,228 39,270 Impairment of deferred tax assets (189,165) (116,820) TOTAL 84,994 51,249 Of which: Deferred tax assets ● 128,471 106,108 Deferred tax liabilities ● 43,477 54,859