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 244 ANALYSIS OF GROSS FINANCIAL DEBT BY CURRENCY 5.2.6.8 The table below shows the gross financial debt after taking into account the swap transactions that allowed the conversion from euros into foreign currency. As a % of total debt December 31, 2020 December 31, 2019 Euro 48% 60% US dollar 39% 28% Chinese yuan 7% 6% Pound sterling 2% 3% Brazilian real 1% 1% Indian rupee 1% 1% Polish zloty 1% - Other currencies (1) 1% 1% TOTAL 100% 100% “Other currencies” concerns various currencies, which taken individually account for less than 1% of total financial debt over the two periods. (1) ANALYSIS OF GROSS FINANCIAL DEBT BY TYPE OF INTEREST RATE 5.2.6.9 As a % of total debt December 31, 2020 December 31, 2019 Hedged variable rates - - Unhedged variable rates 19% 6% Fixed rates 81% 94% TOTAL 100% 100% Interest rate and currency hedges 5.2.7 The last interest rate swap contract signed by the Group expired in February 2019. In thousands of euros December 31, 2020 December 31, 2019 Assets Liabilities Assets Liabilities Exchange rate derivatives 7,625 (116) 5,027 (3,268) TOTAL BALANCE SHEET 7,625 (116) 5,027 (3,268) CURRENCY HEDGES 5.2.7.1 The Group uses derivatives to hedge its exposure to currency risk. the effective portion. These amounts recognized in equity are reported in profit or loss when the hedged cash flows affect the income. The Group has chosen an hedging policy to cover the highly probable future transactions in its entities’ foreign currencies. Hedging instruments implemented in this respect are forward purchases of foreign currencies. The Group has applied to these instruments the accounting treatment of cash flow hedges as planned by the applicable IFRS: instruments are measured at fair value and changes in value are recognized in equity for At December 31, 2020, the fair value of the instruments subscribed and thus recognized was €7,509 thousand, including €83 thousand recognized in equity. Changes in the fair value of currency hedging instruments are recognized in net financial income.