Vetoquinol - Universal Registration Document - 2021

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements Vetoquinol Universal Registration Document 2020 Financial report 101 6 6.5.32.3 Other long-term employee benefits In France, employees qualify for long-service awards as defined by Decree no. 2000-1015 published in the official gazette (Journal Officiel) on October 19, 2000, as set forth in a company agreement or as standard practice. Veto- quinol also has its own system of long-service awards which entitles employees to receive bonuses based on years of service. Similar benefits exist in Poland and India. • Changes in the corresponding liability are as follows: €000 Dec 31, 2020 Dec 31, 2019 Carrying amount at January 1 1,695 1,499 Expenses recognized in the income statement 202 292 Actuarial gains and losses recorded in equity - - Contributions paid (33) (100) Reclassifications - - Exchange differences (85) 4 New liabilities arising from acquisitions - - Carrying amount at December 31 1,778 1,695 • The following amounts were posted to the income statement for the year: €000 Dec 31, 2020 Dec 31, 2019 Cost of services rendered during the year 133 217 Financial cost 2 7 Cost of past services - - Actuarial gains and losses recognized in the income statement 66 68 TOTAL 202 292 • The main actuarial assumptions used for long-service awards are as follows: Dec 31, 2020 Dec 31, 2019 Discount rate 0.00% 0.30% Award appreciation rate 0.60% 0.60% Social security contribution rate 45.40% 45.40% Mortality table TF-TH 2000-2002 Staff turnover Based on age range