Vetoquinol - Universal Registration Document - 2021

CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements 94 Vetoquinol Universal Registration Document 2020 Financial report 6 6.5.26 Impact of change in working capital in the cash flow statement €000 Dec 31, 2019 First-time consolidation Change in working capital in the cash flow statement Reclassifications Currency differences Restructuring impacts Dec 31, 2020 Inventories 77,354 - 12,701 0 (4,528) (0) 85,527 Trade and other receivables 90,052 - 2,036 1,859 (5,345) - 88,602 Other current assets 2,892 - 512 (640) (143) - 2,621 Other long-term liabilities 7,703 - 186 3 (1,751) - 6,141 Government loans - - - - - - - Trade and other payables (excl. payables to fixed asset suppliers) 81,766 - 36,235 (97) (4,854) 157 113,207 Other current liabilities 9 - 263 0 (21) - 251 Government loans (portion due in less than 1 year) - - - - - - - WCR RECONCILIATION 80,820 - (21,435) 1,314 (3,390) (157) 57,152 6.5.27 Inventories Inventories are stated at the lower of cost and net rea- lizable value. Cost is determined using the weighted average unit cost method. The cost of work in progress and finished goods held in inventories includes raw materials, direct labor and an appropriate portion of variable and fixed production costs, the latter being allocated on the basis of standard operating capacity. Net realizable value is the estimated selling price in the ordinary course of business less costs of completion and costs to sell, and also the prospects for future consump- tion given the expiry dates of products. 6.5.27.1 Analysis of inventories by type €000 Dec 31, 2020 Dec 31, 2019 Gross value Impairment Net book value Gross value Impairment Net book value Raw materials & consumables 24,831 (697) 24,134 22,509 (822) 21,687 Other supplies - - - - - - Work in progress 11,792 (998) 10,794 11,811 (664) 11,147 Semi-finished and finished goods 29,464 (1,427) 28,037 26,708 (1,406) 25,303 Goods purchased for resale 22,796 (234) 22,562 19,339 (122) 19,217 TOTAL 88,883 (3,356) 85,527 80,367 (3,013) 77,354