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 248 Commodities risk – Exposure to plastics risk 6.2 Plastic Omnium’s business requires the purchase of large quantities of plastic, steel, paint and other raw materials subject to price changes that could have an impact on its operating margin. To limit the risks associated with such price fluctuations, the Group has negotiated selling price indexation clauses with most of its automotive customers or, failing that, regularly renegotiates selling prices. In view of these measures, the Group considers that raw materials price fluctuations do not have a material impact on its operating margin. Credit risk 6.3 Credit risk covers customer credit risk and bank counterparty risk. Customer risk 6.3.1 At December 31, 2020, 3.8% of the Group’s trade receivables were past due, versus 7.7% at December 31, 2019. Trade receivables break down as follows: AGEING ANALYSIS OF NET RECEIVABLES In thousands of euros At December 31, 2020 Total outstanding Not yet due Due and past due Less than 1 month 1-6 months 6-12 months More than 12 months Industries 632,522 602,093 30,428 17,780 5,789 5,643 1,216 Modules 183,384 182,668 717 275 442 - - Unallocated items (1,506) (1,506) - - - - - TOTAL 814,400 783,255 31,145 18,055 6,231 5,643 1,216 In thousands of euros At December 31, 2019 Total outstanding Not yet due Due and past due Less than 1 month 1-6 months 6-12 months More than 12 months Industries 682,714 624,178 58,536 28,004 18,957 6,983 4,592 Modules 132,230 127,714 4,517 793 3,724 - - Unallocated items 3,855 3,855 - - - - - TOTAL 818,799 755,747 63,053 28,797 22,681 6,983 4,592 The risk of non-recovery of trade receivables is low and involves only a immaterial amount of receivables more than twelve months past due.