Plastic Omnium - 2020 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2020 Consolidated financial statements at December 31, 2020 PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2020 231 Unrecognized tax assets in respect of tax losses amount to €110 million at December 31, 2020 against €85 million at December 31, 2019 and have the following characteristics: In thousands of euros December 31, 2020 December 31, 2019 Indefinite tax loss carryforwards 90,263 72,247 Tax loss carryforwards available for more than 5 years 8,253 5,256 Tax loss carryforwards available for up to 5 years 3,221 3 Tax loss carryforwards available for up to 4 years 151 578 Tax loss carryforwards available for up to 3 years 57 6,912 Tax loss carryforwards available for less than 3 years 7,575 483 TOTAL 109,520 85,479 The change over the fiscal year is mainly due to changes in Germany. Cash and cash equivalents 5.1.11 GROSS CASH AND CASH EQUIVALENTS 5.1.11.1 In thousands of euros December 31, 2020 December 31, 2019 Cash at banks and in hand 827,196 1,130,587 Short-term deposits 2,794 12,366 TOTAL CASH AND CASH EQUIVALENTS ON THE BALANCE SHEET 829,989 1,142,953 Cash and cash equivalents break down as follows: In thousands of euros December 31, 2020 December 31, 2019 Cash and cash equivalents of the Group’s captive reinsurance company (1) 62,926 18,000 Cash and cash equivalents in countries with exchange controls (2) 44,792 95,176 Available cash 722,272 1,029,777 TOTAL CASH AND CASH EQUIVALENTS ON THE BALANCE SHEET 829,989 1,142,953 During the period, the Group sold its investments in securities of listed companies carried by its captive reinsurance company. See Note 5.1.6.1 “Long-term (1) investments in equities and funds”. “Countries with exchange controls” include Brazil, China, India, Chile, Argentina, South Korea & Malaysia. (2) The different categories of the above table are presented on the balance sheet under current assets in the absence of any general restriction on these amounts. NET CASH AND CASH EQUIVALENTS AT END OF PERIOD 5.1.11.2 In thousands of euros December 31, 2020 December 31, 2019 Cash and cash equivalents 829,989 1,142,953 Short-term bank loans and overdrafts (12,277) (9,875) NET CASH AND CASH EQUIVALENTS IN THE STATEMENT OF CASH FLOWS 817,712 1,133,078 Statement of cash flows – Acquisitions 5.1.12 and disposals of financial assets, non-controlling interests and related investments ACQUISITIONS OF EQUITY INTERESTS, NON-CONTROLLING 5.1.12.1 INTERESTS AND RELATED INVESTMENTS The Group’s financial acquisitions are as follows: a – acquisitions of equity interests in consolidated companies, investments leading to a change in control, equity investments in associates, joint ventures and related investments These are recorded under “Cash flows from investments” in the Consolidated statement of cash flows. At December 31, 2020: The amount of -€0.8 million under the heading “Acquisitions of equity interests of consolidated companies and takeovers” corresponded to the acquisition during the fiscal year 2020of 11% equity investment in “Hicom” for €0.8 million with acash contribution of €1.4 million. At December 31, 2019: None.