Umicore

Annual Report • Mar 28, 2022

40					1	EUR
NAT.	Filing date		N°. 0401.574.852	P.	U.	D.			C-cap 1
ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE
		IDENTIFICATION DETAILS (at the filing date)
NAME:	UMICORE
Legal form: Public limited liability company
Address:	BROEKSTRAAT							N°.	31
Postal code:	1000		Town: Brussel-Stad
Country:	Belgium
		Register of legal persons - commercial court:	Brussel, French-speaking
Website :	1 www.umicore.com
0401.574.852 Company registration number
15-May-20 DATE of filing the most recent document mentioning the date of publication of the deed of incorporation and of the deed of amendment of the articles of association.
	ANNUAL ACCOUNTS		IN EURO (2 decimals)	2
approved by the general meeting of 28-Apr-22
			regarding the period from		01-Jan-21		to		31-Dec-21
Preceding period from 01-Jan-20 to 31-Dec-20
3 The amounts for the preceding period are / are not identical to the ones previously published.
	Total number of pages filed:	54 because they serve no useful purpose:	6.2.4, 6.2.5, 6.5.2, 6.18.2, 6.19, 6.20, 7, 8, 9, 11, 12, 13, 14, 15	Numbers of the sections of the standard model form not filed

Signature (name and position) PLATTEEUW Filip Chief Financial Officer

Signature (name and position) MIEDREICH Mathias Chief Executive Officer

Optional mention. 1

If necessary, change to currency in which the amounts are expressed. 2

³ Strike out what does not apply.

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and town) and position within the company

EY Bedrijfsrevisoren BV 0446.334.711

DE KLEETLAAN 2, 1831 Diegem, Belgium

Title : Auditor, Membership number : B00160

Mandate : 29-Apr-21- 25-Apr-24

Represented by :

• VAN DOOREN MARNIX , Membership number : A01753 DE KLEETLAAN 2 , 1831 Diegem, Belgium 1.
• NAESSENS EEF , Membership number : A02481 DE KLEETLAAN 2 , 1831 Diegem, Belgium 2.

LEYSEN THOMAS

Title : President of the board of directors Mandate : 29-Apr-21- 25-Apr-24 ROSIER 21, 2000 Antwerpen, Belgium

ARMERO MARIO

Title : Director Mandate : 30-Apr-20- 27-Apr-23 C/ALFONSO XII 18, 28014 MADRID, Spain

BEHRENDT BIRGIT

Title : Director Mandate : 29-Apr-21- 25-Apr-24 AMSELSTRASSE 2, 50858 KOLN, Germany

CHOMBAR FRANCOISE

Title : Director Mandate : 25-Apr-19- 28-Apr-22 BOEKTLAAN 14, 3550 Heusden-Zolder, Belgium

DE BACKERE KOENRAAD

Title : Director Mandate : 29-Apr-21- 25-Apr-24 ALFONS STESSELSTRAAT 8, 3012 Wilsele, Belgium

GARRETT MARK

Title : Director Mandate : 29-Apr-21- 25-Apr-24 BUNDTENWEG 76, 4102 BINNINGEN, Switzerland

KOLMSEE INES

Title : Director Mandate : 30-Apr-20- 27-Apr-23 TRAUBINGERSTRASSE 18, 82327 TUTZING, Germany LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued from previous page)

MEURICE ERIC

Title : Director Mandate : 29-Apr-21- 25-Apr-24 HANGMOOR CALLOW HILL ., GU25 4L VIRGINIA WATER, United Kingdom

RAETS LAURENT

Title : Director Mandate : 25-Apr-19- 28-Apr-22 KWAENIJKSTRAAT 38, 3191 Hever, Belgium

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that not a single audit or correction assignment has been given to a person not authorized to do so by law, pursuant to articles 34 and 37 of the law of 22 April 1999 concerning accounting and tax professions.

The annual accounts were / were not * or corrected by an external accountant or by a company auditor who is not the statutory auditor.

If affirmative, should be mentioned hereafter: surname, first names, profession and address of each external accountant or company auditor and their membership number at their Institute, as well as the nature of their assignment:

• A. Bookkeeping of the company **,
• B. Preparing the annual accounts **,
• C. Auditing the annual accounts and/or
• D. Correcting the annual accounts.

If the tasks mentioned under A or B are executed by certified accountants or certified bookkeepers - tax experts, the following information can be mentioned hereafter: surname, first names, profession and address of each certified accountant or certified bookkeeper-tax expert and their membership number at the Institute of Accounting professionals and Tax Experts, as well as the nature of their assignment.

Surname, first names, profession and address	Membership number	Nature of the assignment (A, B, C and/or D)

^* Strike out what does not apply.

^** Optional mention.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Notes	Codes Period		Preceding period
ASSETS
FORMATION EXPENSES	6.1	20	10.287.865,76	14.684.675,24
FIXED ASSETS		21/28	3.286.002.272,99	3.157.940.301,23
Intangible fixed assets	6.2	21	99.067.332,72	99.031.914,40
Tangible fixed assets	6.3	22/27	460.545.710,31	452.430.179,95
Land and buildings		22	175.873.424,72	171.369.352,26
Plant, machinery and equipment		23	234.249.507,62	238.892.624,18
Furniture and vehicles		24	16.251.124,45	17.657.449,21
Leasing and other similar rights		25	2.406.250,00	2.571.250,00
Other tangible fixed assets		26	16.295.607,51	331.069,90
Assets under construction and advance payments		27	15.469.796,01	21.608.434,40
Financial fixed assets	6.4 / 6.5.1	28	2.726.389.229,96	2.606.478.206,88
Affiliated Companies	6.15	280/1	2.724.897.582,19	2.604.897.582,19
Participating interests		280	2.724.897.582,19	2.604.897.582,19
Amounts receivable		281
Other companies linked by participating interests	6.15	282/3	128.765,19	128.765,19
Participating interests		282	128.765,19	128.765,19
Amounts receivable		283
Other financial fixed assets		284/8	1.362.882,58	1.451.859,50
Shares		284	1.349.777,58	1.351.772,58
Amounts receivable and cash guarantees		285/8	13.105,00	100.086,92

	Notes	Codes	Period	Preceding period
CURRENT ASSETS		29/58	2.169.187.500,61	2.060.640.086,61
Amounts receivable after more than one year		29	584.997.593,06	476.214.351,64
Trade debtors		290
Other amounts receivable		291	584.997.593,06	476.214.351,64
Stocks and contracts in progress		3	503.270.943,59	617.345.504,55
Stocks		30/36	501.983.667,40	617.345.504,55
Raw materials and consumables		30/31	262.880.171,87	276.332.885,92
Work in progress		32	71.308.407,12	137.034.446,45
Finished goods		33	164.953.873,68	199.763.699,25
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		36	2.841.214,73	4.214.472,93
Contracts in progress		37	1.287.276,19
Amounts receivable within one year		40/41	861.135.722,31	620.118.957,52
Trade debtors		40	656.988.909,15	378.875.288,19
Other amounts receivable		41	204.146.813,16	241.243.669,33
Current investments	6.5.1 / 6.6	50/53	185.935.571,25	290.395.369,47
Own shares		50	185.935.571,25	208.920.807,62
Other investments		51/53		81.474.561,85
Cash at bank and in hand		54/58	559.147,66	4.564.596,66
Accruals and deferred income	6.6	490/1	33.288.522,74	52.001.306,77
TOTAL ASSETS		20/58	5.465.477.639,36	5.233.265.063,08

	Notes	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	2.295.419.065,22	2.176.359.006,53
Contributions	6.7.1	10/11	1.398.129.765,90	1.398.129.765,90
Capital		10	550.000.000,00	550.000.000,00
Issued capital		100	550.000.000,00	550.000.000,00
4 Uncalled capital		101
Beyond capital		11	848.129.765,90	848.129.765,90
Share premium account		1100/10	848.129.765,90	848.129.765,90
Other		1109/19
Revaluation surpluses		12	90.952,00	90.952,00
Reserves		13	391.089.438,60	414.074.674,97
Reserves not available		130/1	240.935.571,25	263.920.807,62
Legal reserve		130	55.000.000,00	55.000.000,00
Reserves not available statutorily		1311
Purchase of own shares		1312	185.935.571,25	208.920.807,62
Financial support		1313
Other		1319
Untaxed reserves		132	150.153.867,35	150.153.867,35
Available reserves		133
Accumulated profits (losses)	(+)/(-)	14	491.957.688,67	352.163.337,75
Capital subsidies		15	14.151.220,05	11.900.275,91
Advance to shareholders on the distribution of net 5 assets		19
PROVISIONS AND DEFERRED TAXES		16	198.047.179,99	206.052.978,71
Provisions for liabilities and charges		160/5	198.047.179,99	206.052.978,71
Pensions and similar obligations		160	72.098.719,54	90.219.550,35
Taxes		161
Major repairs and maintenance		162	3.325.286,24	4.400.537,18
Environmental obligations		163	108.525.089,11	96.558.364,18
Other liabilities and charges	6.8	164/5	14.098.085,10	14.874.527,00
Deferred taxes		168

Amount to be deducted from the issued capital. 4

Amount to be deducted from the other components of equity. 5

	Notes	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	2.972.011.394,15	2.850.853.077,84
Amounts payable after more than one year	6.9	17	1.707.588.653,30	1.707.728.606,94
Financial debts		170/4	1.707.588.653,30	1.707.728.606,94
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172	2.588.653,30	2.728.606,94
Credit institutions		173	1.205.000.000,00	1.205.000.000,00
Other loans		174	500.000.000,00	500.000.000,00
Trade debts		175
Suppliers		1750
Bills of exchange payable		1751
Advance payments on contracts in progress		176
Other amounts payable		178/9
Amounts payable within one year	6.9	42/48	1.173.051.221,20	1.065.116.202,91
Current portion of amounts payable after more than one year falling due within one year		42
Financial debts		43	150.932.935,67	170.000.000,00
Credit institutions		430/8		170.000.000,00
Other loans		439	150.932.935,67
Trade debts		44	785.431.153,21	688.272.589,44
Suppliers		440/4	783.646.285,79	682.652.119,75
Bills of exchange payable		441	1.784.867,42	5.620.469,69
Advance payments on contracts in progress		46	544,44	544,44
Taxes, remuneration and social security	6.9	45	92.606.334,57	72.537.386,61
Taxes		450/3	13.167.464,46	12.278.981,69
Remuneration and social security		454/9	79.438.870,11	60.258.404,92
Other amounts payable		47/48	144.080.253,31	134.305.682,42
Accruals and deferred income	6.9	492/3	91.371.519,65	78.008.267,99
TOTAL LIABILITIES		10/49	5.465.477.639,36	5.233.265.063,08

PROFIT AND LOSS ACCOUNT

		Notes	Codes	Period	Preceding period
Operating income			70/76A	6.229.378.070,78	4.459.289.733,96
Turnover		6.10	70	6.005.640.221,51	4.221.783.183,99
Stocks of finished goods and work and contracts in progress: increase (decrease)	(+)/(-)		71	-60.446.358,44	-47.613.890,82
Produced fixed assets			72	79.630.795,88	73.881.527,67
Other operating income		6.10	74	204.553.411,83	166.040.344,53
Non-recurring operating income		6.12	76A		45.198.568,59
Operating charges			60/66A	5.947.989.284,07	4.481.337.761,33
Goods for resale, raw materials and consumables			60	5.203.286.945,79	3.637.870.075,85
Purchases			600/8	5.151.473.747,60	3.758.177.210,97
Stocks: decrease (increase)	(+)/(-)		609	51.813.198,19	-120.307.135,12
Services and other goods			61	274.471.478,55	240.669.715,11
Remuneration, social security and pensions	(+)/(-)	6.10	62	313.758.367,47	296.091.404,65
Amortisations of and other amounts written down on formation expenses, intangible and tangible fixed assets			630	147.427.086,97	139.341.204,17
Amounts written down on stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)	6.10	631/4	346.207,22	2.433.296,88
Provisions for liabilities and charges: appropriations (uses and write-backs)	(+)/(-)	6.10	635/8	-62.411.263,77	23.272.485,80
Other operating charges		6.10	640/8	14.493.196,17	12.864.800,25
Operating charges reported as assets under restructuring costs	(-)		649
Non-recurring operating charges		6.12	66A	56.617.265,67	128.794.778,62
Operating profit (loss)	(+)/(-)		9901	281.388.786,71	-22.048.027,37

		Notes	Codes	Period	Preceding period
Financial income			75/76B	213.674.896,69	201.456.638,04
Recurring financial income			75	213.672.254,09	201.357.780,04
Income from financial fixed assets			750	134.256.343,35	141.205.736,46
Income from current assets			751	16.832.640,45	20.459.369,36
Other financial income		6.11	752/9	62.583.270,29	39.692.674,22
Non-recurring financial income		6.12	76B	2.642,60	98.858,00
Financial charges		6.11	65/66B	133.578.061,83	85.500.045,07
Recurring financial charges			65	93.200.339,70	84.967.022,44
Debt charges			650	28.643.588,63	29.785.760,97
Amounts written down on current assets other than stocks, contracts in progress and trade debtors: additions (write-backs)	(+)/(-)		651
Other financial charges			652/9	64.556.751,07	55.181.261,47
Non-recurring financial charges		6.12	66B	40.377.722,13	533.022,63
Profit (Loss) for the period before taxes	(+)/(-)		9903	361.485.621,57	93.908.565,60
Transfer from deferred taxes			780
Transfer to deferred taxes			680
Income taxes on the result	(+)/(-)	6.13	67/77	51.735.928,02	7.433.019,01
Taxes			670/3	55.382.455,55	8.602.848,30
Adjustment of income taxes and write-back of tax provisions			77	3.646.527,53	1.169.829,29
Profit (Loss) of the period	(+)/(-)		9904	309.749.693,55	86.475.546,59
Transfer from untaxed reserves			789
Transfer to untaxed reserves			689
Profit (Loss) of the period available for appropriation	(+)/(-)		9905	309.749.693,55	86.475.546,59

APPROPRIATION ACCOUNT

		Codes	Period	Preceding period
Profit (Loss) to be appropriated	(+)/(-)	9906	661.913.031,30	558.337.237,23
Profit (Loss) of the period available for appropriation	(+)/(-)	(9905)	309.749.693,55	86.475.546,59
Profit (Loss) of the preceding period brought forward	(+)/(-)	14P	352.163.337,75	471.861.690,64
Transfers from equity		791/2	22.985.236,37
from contributions		791
from reserves		792	22.985.236,37
Appropriations to equity		691/2		24.219.750,71
to contributions		691
to legal reserve		6920
to other reserves		6921		24.219.750,71
Profit (loss) to be carried forward	(+)/(-)	(14)	491.957.688,67	352.163.337,75
Shareholders' contribution in respect of losses		794
Profit to be distributed		694/7	192.940.579,00	181.954.148,77
Compensation for contributions		694	192.940.579,00	180.394.825,00
Directors or managers		695
Employees		696		1.559.323,77
Other beneficiaries		697

NOTES ON THE ACCOUNTS

STATEMENT OF FORMATION, CAPITAL INCREASE OR INCREASE OF CONTRIBUTIONS EXPENSES, LOAN ISSUE EXPENSES AND RESTRUCTURING COSTS

	Codes	Period	Preceding period
Net book value at the end of the period	20P	xxxxxxxxxxxxxxx	14.684.675,24
Movements during the period
New expenses incurred	8002
Amortisation	8003	4.396.809,48
Other	8004 (+)/(-)
Net book value at the end of the period	(20)	10.287.865,76
Of which
Formation, capital increase or increase of contributions expenses, loan issue expenses and other formation expenses	200/2
Restructuring costs	204

STATEMENT OF INTANGIBLE FIXED ASSETS

DEVELOPMENT COSTS		Codes	Period	Preceding period
Acquisition value at the end of the period		8051P	xxxxxxxxxxxxxxx	306.267.580,96
Movements during the period
Acquisitions, including produced fixed assets		8021	58.840.686,11
Sales and disposals		8031	602.901,58
Transfers from one heading to another	(+)/(-)	8041	9.368.020,20
Acquisition value at the end of the period		8051	373.873.385,69
Amortisations and amounts written down at the end of the period		8121P	xxxxxxxxxxxxxxx	257.442.740,69
Movements during the period
Recorded		8071	64.709.497,03
Written back		8081
Acquisitions from third parties		8091
Cancelled owing to sales and disposals		8101	602.901,58
Transferred from one heading to another	(+)/(-)	8111	-4.360.351,39
Amortisations and amounts written down at the end of the period		8121	317.188.984,75
NET BOOK VALUE AT THE END OF THE PERIOD		81311	56.684.400,94

		Codes	Period	Preceding period
RESEARCH COSTS MADE IN A PERIOD THAT STARTED BEFORE 1 JANUARY 2016
Acquisition value at the end of the period		8055P	xxxxxxxxxxxxxxx
Movements during the period
Acquisitions, including produced fixed assets		8025
Sales and disposals		8035
Transfers from one heading to another	(+)/(-)	8045
Acquisition value at the end of the period		8055
Amortisations and amounts written down at the end of the period		8125P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8075
Written back		8085
Acquisitions from third parties		8095
Cancelled owing to sales and disposals		8105
Transferred from one heading to another	(+)/(-)	8115
Amortisations and amounts written down at the end of the period		8125
NET BOOK VALUE AT THE END OF THE PERIOD		81312

	Codes	Period
RESEARCH COSTS MADE IN A PERIOD THAT STARTED AFTER 31 DECEMBER 2015
Acquisition value at the end of the period	8056	111.240.905,14
Amortisations and amounts written down at the end of the period	8126	111.240.905,14
NET BOOK VALUE AT THE END OF THE PERIOD	81313

	Codes	Period	Preceding period
CONCESSIONS, PATENTS LICENSES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxxxxx	170.346.139,24
Movements during the period
Acquisitions, including produced fixed assets	8022	16.127.381,03
Sales and disposals	8032	7.870.129,72
(+)/(-) Transfers from one heading to another	8042	-3.339.963,26
Acquisition value at the end of the period	8052	175.263.427,29
Amortisations and amounts written down at the end of the period	8122P	xxxxxxxxxxxxxxx	120.139.065,11
Movements during the period
Recorded	8072	8.458.950,14
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102	1.714.982,33
Transfers from one heading to another (+)/(-)	8112	5.997.462,59
Amortisations and amounts written down at the end of the period	8122	132.880.495,51
NET BOOK VALUE AT THE END OF THE PERIOD	211	42.382.931,78

STATEMENT OF TANGIBLE FIXED ASSETS

		Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period		8191P	xxxxxxxxxxxxxxx	437.315.289,62
Movements during the period
Acquisitions, including produced fixed assets		8161	14.926.344,09
Sales and disposals		8171	464.700,72
Transfers from one heading to another	(+)/(-)	8181	6.318.607,82
Acquisition value at the end of the period		8191	458.095.540,81
Revaluation surpluses at the end of the period		8251P	xxxxxxxxxxxxxxx	7.682.753,26
Movements during the period
Recorded		8211
Acquisitions from third parties		8221
Cancelled		8231
Transferred from one heading to another	(+)/(-)	8241
Revaluation surpluses at the end of the period		8251	7.682.753,26
Amortisations and amounts written down at the end of the period		8321P	xxxxxxxxxxxxxxx	273.628.690,62
Movements during the period
Recorded		8271	16.534.666,03
Written back		8281
Acquisitions from third parties		8291
Cancelled owing to sales and disposals		8301	255.047,86
Transferred from one heading to another	(+)/(-)	8311	-3.439,44
Amortisations and amounts written down at the end of the period		8321	289.904.869,35
NET BOOK VALUE AT THE END OF THE PERIOD		(22)	175.873.424,72

		Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period		8192P	xxxxxxxxxxxxxxx	968.687.934,81
Movements during the period
Acquisitions, including produced fixed assets		8162	10.621.231,48
Sales and disposals		8172	6.503.758,26
Transfers from one heading to another	(+)/(-)	8182	31.747.565,64
Acquisition value at the end of the period		8192	1.004.552.973,67
Revaluation surpluses at the end of the period		8252P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8212
Acquisitions from third parties		8222
Cancelled		8232
Transferred from one heading to another	(+)/(-)	8242
Revaluation surpluses at the end of the period		8252
Amortisations and amounts written down at the end of the period		8322P	xxxxxxxxxxxxxxx	729.795.310,63
Movements during the period
Recorded		8272	47.029.085,88
Written back		8282
Acquisitions from third parties		8292
Cancelled owing to sales and disposals		8302	6.503.758,26
Transferred from one heading to another	(+)/(-)	8312	-17.172,20
Amortisations and amounts written down at the end of the period		8322	770.303.466,05
NET BOOK VALUE AT THE END OF THE PERIOD		(23)	234.249.507,62

	Codes		Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period		8193P	xxxxxxxxxxxxxxx	66.890.807,31
Movements during the period
Acquisitions, including produced fixed assets	8163		5.537.764,49
Sales and disposals	8173		1.888.600,37
Transfers from one heading to another	(+)/(-) 8183		-2.331.507,50
Acquisition value at the end of the period	8193		68.208.463,93
Revaluation surpluses at the end of the period		8253P	xxxxxxxxxxxxxxx
Movements during the period
Recorded	8213
Acquisitions from third parties	8223
Cancelled	8233
Transfers from one heading to another	8243 (+)/(-)
Revaluation surpluses at the end of the period	8253
Amortisations and amounts written down at the end of the period		8323P	xxxxxxxxxxxxxxx	49.233.358,10
Movements during the period
Recorded	8273		5.965.116,02
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303		1.937.124,56
Transfers from one heading to another	(+)/(-) 8313		-1.304.010,08
Amortisations and amounts written down at the end of the period	8323		51.957.339,48
NET BOOK VALUE AT THE END OF THE PERIOD	(24)		16.251.124,45

		Codes	Period	Preceding period
LEASING AND OTHER SIMILAR RIGHTS
Acquisition value at the end of the period		8194P	xxxxxxxxxxxxxxx	3.300.000,00
Movements during the period
Acquisitions, including produced fixed assets		8164
Sales and disposals		8174
Transfers from one heading to another	(+)/(-)	8184
Acquisition value at the end of the period		8194	3.300.000,00
Revaluation surpluses at the end of the period		8254P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8214
Acquisitions from third parties		8224
Cancelled		8234
Transfers from one heading to another	(+)/(-)	8244
Revaluation surpluses at the end of the period		8254
Amortisations and amounts written down at the end of the period		8324P	xxxxxxxxxxxxxxx	728.750,00
Movements during the period
Recorded		8274	165.000,00
Written back		8284
Acquisitions from third parties		8294
Cancelled owing to sales and disposals		8304
Transferred from one heading to another	(+)/(-)	8314
Amortisations and amounts written down at the end of the period		8324	893.750,00
NET BOOK VALUE AT THE END OF THE PERIOD Of which		(25)	2.406.250,00
Land and buildings		250	2.406.250,00
Plant, machinery and equipment		251
Furniture and vehicles		252

		Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period		8195P	xxxxxxxxxxxxxxx	21.145.513,98
Movements during the period
Acquisitions, including produced fixed assets		8165	16.132.500,00
Sales and disposals		8175	312.489,48
Transfers from one heading to another	(+)/(-)	8185
Acquisition value at the end of the period		8195	36.965.524,50
Revaluation surpluses at the end of the period		8255P	xxxxxxxxxxxxxxx	601.049,73
Movements during the period
Recorded		8215
Acquisitions from third parties		8225
Cancelled		8235
Transferred from one heading to another	(+)/(-)	8245
Revaluation surpluses at the end of the period		8255	601.049,73
Amortisations and amounts written down at the end of the period		8325P	xxxxxxxxxxxxxxx	21.415.493,81
Movements during the period
Recorded		8275	167.962,39
Written back		8285
Acquisitions from third parties		8295
Cancelled owing to sales and disposals		8305
Transferred from one heading to another	(+)/(-)	8315	-312.489,48
Amortisations and amounts written down at the end of the period			21.270.966,72
NET BOOK VALUE AT THE END OF THE PERIOD		(26)	16.295.607,51

		Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period		8196P	xxxxxxxxxxxxxxx	21.608.434,40
Movements during the period
Acquisitions, including produced fixed assets		8166	35.624.084,51
Sales and disposals		8176
Transfers from one heading to another	(+)/(-)	8186	-41.762.722,90
Acquisition value at the end of the period		8196	15.469.796,01
Revaluation surpluses at the end of the period		8256P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8216
Acquisitions from third parties		8226
Cancelled		8236
Transferred from one heading to another	(+)/(-)	8246
Revaluation surpluses at the end of the period		8256
Amortisations and amounts written down at the end of the period		8326P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8276
Written back		8286
Acquisitions from third parties		8296
Cancelled owing to sales and disposals		8306
Transferred from one heading to another	(+)/(-)	8316
Amortisations and amounts written down at the end of the period		8326
NET BOOK VALUE AT THE END OF THE PERIOD		(27)	15.469.796,01

STATEMENT OF FINANCIAL FIXED ASSETS

		Codes	Period	Preceding period
AFFILIATED COMPANIES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period		8391P	xxxxxxxxxxxxxxx	2.738.429.822,68
Movements during the period
Acquisitions		8361	120.000.000,00
Sales and disposals		8371
Transfers from one heading to another	(+)/(-)	8381
Acquisition value at the end of the period		8391	2.858.429.822,68
Revaluation surpluses at the end of the period		8451P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8411
Acquisitions from third parties		8421
Cancelled		8431
Transferred from one heading to another	(+)/(-)	8441
Revaluation surpluses at the end of the period		8451
Amounts written down at the end of the period		8521P	xxxxxxxxxxxxxxx	133.532.240,49
Movements during the period
Recorded		8471
Written back		8481
Acquisitions from third parties		8491
Cancelled owing to sales and disposals		8501
Transferred from one heading to another	(+)/(-)	8511
Amounts written down at the end of the period		8521	133.532.240,49
Uncalled amounts at the end of the period		8551P	xxxxxxxxxxxxxxx
Movements during the period	(+)/(-)	8541
Uncalled amounts at the end of the period		8551
NET BOOK VALUE AT THE END OF THE PERIOD		(280)	2.724.897.582,19
AFFILIATED COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		281P	xxxxxxxxxxxxxxx
Movements during the period
Appropriations		8581
Repayments		8591
Amounts written down		8601
Amounts written back		8611
Exchange differences	(+)/(-)	8621
Other movements	(+)/(-)	8631
NET BOOK VALUE AT THE END OF THE PERIOD		(281)
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD		8651

		Codes	Period	Preceding period
COMPANIES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period		8392P	xxxxxxxxxxxxxxx	145.017,71
Movements during the period
Acquisitions		8362
Sales and disposals		8372
Transfers from one heading to another	(+)/(-)	8382
Acquisition value at the end of the period		8392	145.017,71
Revaluation surpluses at the end of the period		8452P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8412
Acquisitions from third parties		8422
Cancelled		8432
Transferred from one heading to another	(+)/(-)	8442
Revaluation surpluses at the end of the period		8452
Amounts written down at the end of the period		8522P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8472
Written back		8482
Acquisitions from third parties		8492
Cancelled owing to sales and disposals		8502
Transferred from one heading to another	(+)/(-)	8512
Amounts written down at the end of the period		8522
Uncalled amounts at the end of the period		8552P	xxxxxxxxxxxxxxx	16.252,52
Movements during the period	(+)/(-)	8542
Uncalled amounts at the end of the period		8552	16.252,52
NET BOOK VALUE AT THE END OF THE PERIOD		(282)	128.765,19
COMPANIES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		283P	xxxxxxxxxxxxxxx
Movements during the period
Appropriations		8582
Repayments		8592
Amounts written down		8602
Amounts written back		8612
Exchange differences	(+)/(-)	8622
Other movements	(+)/(-)	8632
NET BOOK VALUE AT THE END OF THE PERIOD		(283)
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD		8652

		Codes	Period	Preceding period
OTHER COMPANIES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period		8393P	xxxxxxxxxxxxxxx	2.372.716,72
Movements during the period
Acquisitions		8363
Sales and disposals		8373	4.391,78
Transfers from one heading to another	(+)/(-)	8383
Acquisition value at the end of the period		8393	2.368.324,94
Revaluation surpluses at the end of the period		8453P	xxxxxxxxxxxxxxx
Movements during the period
Recorded		8413
Acquisitions from third parties		8423
Cancelled		8433
Transferred from one heading to another	(+)/(-)	8443
Revaluation surpluses at the end of the period		8453
Amounts written down at the end of the period		8523P	xxxxxxxxxxxxxxx	1.019.554,70
Movements during the period
Recorded		8473	245,82
Written back		8483	2.642,60
Acquisitions from third parties		8493
Cancelled owing to sales and disposals		8503
Transferred from one heading to another	(+)/(-)	8513
Amounts written down at the end of the period		8523	1.017.157,92
Uncalled amounts at the end of the period		8553P	xxxxxxxxxxxxxxx	1.389,44
Movements during the period	(+)/(-)	8543
Uncalled amounts at the end of the period		8553	1.389,44
NET BOOK VALUE AT THE END OF THE PERIOD		(284)	1.349.777,58
OTHER COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD		285/8P	xxxxxxxxxxxxxxx	100.086,92
Movements during the period
Appropriations		8583
Repayments		8593
Amounts written down		8603
Amounts written back		8613
Exchange differences	(+)/(-)	8623	-725,14
Other movements	(+)/(-)	8633	-86.256,78
NET BOOK VALUE AT THE END OF THE PERIOD		(285/8)	13.105,00
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD		8653

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

NAME, full address of the REGISTERED	Rights held				Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY	Directly		Subs idiaries	Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature accounts as per Number % %	rency (+) or (-) code (in units)
Umicore France					31/12/2020	EUR	42.280.115	1.076.421
Foreign company RUE REAUMUR 9 75003 PARIS France 10342965001
	Shares	1.520.000	100,00	0,00
Umicore USA Foreign company Orange Street 1209 19801 Wilmington United States of America					31/12/2020	USD	371.101.218	37.435.539
	Shares	575	100,00	0,00
Umicore MS Taiwan					31/12/2020	TWD	11.835.456	3.015.467
Foreign company Keelung Road Sec 2 -16F-2 189 Taipei Taiwan
Umicore Korea Limited	Shares	500.000	100,00	0,00	31/12/2020	KRW	522.185.445.864	-60.107.977.042
Foreign company Gongdan 2-Ro,Seobuk-Gu 71.3 331-200 Cheonan City - chungnam South Korea
Umicore Holdings Philippines	Shares	11.163.424	47,03	52,97
Foreign company Sitio malinta Asinan Proper 1044 Subic - Zambales Philippines					31/12/2020	PHP	155.281.000	-136.000
	Shares	1.536.562	99,99	0,01
Umicore Holding 1 Germany Gmbh					31/12/2020	EUR	381.343.908	13.471.058
Foreign company Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany
	Shares	90.025.000	100,00	0,00

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED	Rights held				Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY			Directly		Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	idiaries %	accounts as per		(+) or (-) (in units)
Umicore Holding 2 Germany Gmbh					31/12/2020	EUR	42.746.824	1.485.822
Foreign company Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany
	Shares	10.025.000	100,00	0,00
Umicore International Public limited liability company Rue Bommel 5 4940 Bascharage Luxembourg					31/12/2020	EUR	1.942.187.329	109.303.017
	Shares	11.766.000	100,00	0,00
Umicore MS Australia PTY LTD					31/12/2020	AUD	3.047.696	102.980
Foreign company WALHALLA WAY 10 3023 RAVENHALL - VICTORIA Australia
	Shares	5.000.100	100,00	0,00
Umicore Specialty Materials Brugge Public limited liability company Kleine Pathoekeweg 82 8000 Brugge Belgium 0405.150.984					31/12/2020	EUR	3.165.961	3.174.492
	ordinary shares	21.499	99,99	0,01
Umicore Argentina Foreign company Avenida Roque Sáenz Pena 651 8° piso Oficina 139, Buenos Aires Argentina 1.603.638					31/12/2020	ARS	924.139.866	190.648.223
	Shares	9.788.068	98,03	1,97
Industrias Electro Quimicas SA Foreign company Avenida Elmer Faucett 1920 Callao 1 Peru					31/12/2020	USD	33.771.000	-3.291.000
	Shares	18.464.806	40,00	0,00

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED	Rights held				Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY		Directly		Subs idiaries	Annual	Cur	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency code		(+) or (-) (in units)
UMICORE AUTOCAT CANADA CORP.					31/12/2020	CAD	219.320.456	2.198.788
Foreign company MAINWAY DRIVE 4261 L7L5N9 BURLINGTON - ONTARIO Canada
	Shares	176.700.001	100,00	0,00
UMICORE POLAND sp zoo					31/12/2020	PLN	1.348.960.432	2.890.480
Foreign company ul Powstancow Slaskich 2-4 , box XI p 53-333 Wroclaw Poland
	Shares	27.044.000	100,00	0,00
UMICORE HOLDING BELGIUM Private limited (liability) company Rue du marais 31 1000 Brussel-Stad Belgium 0731.571.921					31/12/2020	EUR	2.538.354	-4.108.646
	Shares	100	100,00	0,00

CURRENT INVESTMENTS AND ACCRUALS AND DEFERRED INCOME

|--|

	Codes	Period	Preceding period
CURRENT INVESTMENTS - OTHER INVESTMENTS
Shares and investments other than fixed income investments	51
Shares – Book value increased with the uncalled amount	8681
Shares – Uncalled amount	8682
Precious metals and works of art	8683
Fixed-income securities	52
Fixed income securities issued by credit institutions	8684
Term accounts with credit institutions	53		81.474.561,85
With a remaining term or notice
up to one month	8686		81.474.561,85
between one month and one year	8687
over one year	8688
Other investments not mentioned above	8689

ACCRUALS AND DEFERRED INCOME

Allocation of account 490/1 of assets if the amount is significant

GAIN ON MARKING TO MARKET OF CURRENCY COMMITMENTS 10.776.550,59 PROFIT ON HEDGING FOR METALS 7.538.537,21 OTHER DEFERRED CHARGES 11.791.349,93 DEFERRED INTEREST CHARGES 3.182.085,01

Period

STATEMENT OF CAPITAL AND SHAREHOLDERS' STURCTURE

STATEMENT OF CAPITAL

Capital

Issued capital at the end of the period Issued capital at the end of the period

Modifications during the period

Composition of the capital Share types

Registered shares

Shares dematerialized

Codes	Period	Preceding period
100P	XXXXXXXXXXXXXX	550.000.000,00
(100)	550.000.000,00

	Codes	Period	Number of shares
Modifications during the period
Composition of the capital
ORDINARY SHARES		550.000.000,00	246.400.000
Registered shares	8702	XXXXXXXXXXXXXX	43.682.308
Shares dematerialized	8703	XXXXXXXXXXXXXX	202.717.692

	Codes	Uncalled amount	Called up amount, unpaid
Unpaid capital
Uncalled capital	(101)		XXXXXXXXXXXXXX
Called up capital, unpaid	8712	XXXXXXXXXXXXXX
Shareholders that still need to pay up in full

	Codes	Period
Own shares
Held by the company itself
Amount of capital held	8721	11.609.363,84
Number of shares	8722	5.200.995
Held by a subsidiary
Amount of capital held	8731
Number of shares	8732
Commitments to issuing shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans	8740
Amount of capital to be subscribed	8741
Corresponding maximum number of shares to be issued	8742
Owing to the exercise of subscription rights
Number of outstanding subscription rights	8745
Amount of capital to be subscribed	8746
Corresponding maximum number of shares to be issued	8747
Authorised capital not issued	8751

N°.	0401.574.852		C-cap 6.7.1
-----	--------------	--	-------------

	Codes	Period
Shares issued, non-representing capital
Distribution
Number of shares	8761
Number of voting rights attached thereto	8762
Allocation by shareholder
Number of shares held by the company itself	8771
Number of shares held by its subsidiaries	8781

ADDITIONAL NOTES REGARDING CONTRIBUTIONS (INCLUDING CONTRIBUTIONS IN THE FORM OF SERVICES OR KNOW-HOW)

Period

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

As reflected in the notifications received by the company pursuant to article 7:225 of the Belgian Companies and Associations Code, article 14 fourth paragraph of the law of 2 May 2007 on the publication of major holdings and article 5 of the Royal Decree of 21 August 2008 on further rules for certain multilateral trading facilities.

Shareholder base	% Capital	Numbre of Shares
BlackRock Inc.	4.97%	12 239 906
Baillie Gifford & Co and Baillie Gifford Overseas Ltd	10.01%	24 660 116
Groupe Bruxelles Lambert, family Trust Desmarais, Albert Frère and LTITwo S.A.		15,98% 39 363 737
Others		66,94% 164 935 246
Own shares held by Umicore	2.11%	5 200 995
		100.00% 246 400 000

32/54

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

ALLOCATION OF ACCOUNT 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT

SUNDRY LITIGATIONS AND SUNDRY RISKS 10.540.690,67 PREMIUM 25 & 35 YEARS SERVICE 3.557.394,43

Period

STATEMENT OF AMOUNTS PAYABLE AND ACCRUALS AND DEFERRED INCOME (LIABILITIES)

	Codes	Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL TERM OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL MATURITY
Current portion of amounts payable after more than one year falling due within one year
Financial debts	8801
Subordinated loans	8811
Unsubordinated debentures	8821
Leasing and other similar obligations	8831
Credit institutions	8841
Other loans	8851
Trade debts	8861
Suppliers	8871
Bills of exchange payable	8881
Advance payments on contracts in progress	8891
Other amounts payable	8901
Total current portion of amounts payable after more than one year falling due within one year	(42)
Amounts payable with a remaining term of more than one year, yet less than 5 years
Financial debts	8802	837.765.323,82
Subordinated loans	8812
Unsubordinated debentures	8822
Leasing and other similar obligations	8832	765.323,82
Credit institutions	8842	337.000.000,00
Other loans	8852	500.000.000,00
Trade debts	8862
Suppliers	8872
Bills of exchange payable	8882
Advance payments on contracts in progress	8892
Other amounts payable	8902
Total amounts payable with a remaining term of more than one year, yet less than 5 years	8912	837.765.323,82
Amounts payable with a remaining term of more than 5 years
Financial debts	8803	869.823.329,48
Subordinated loans	8813
Unsubordinated debentures	8823
Leasing and other similar obligations	8833	1.823.329,48
Credit institutions	8843	868.000.000,00
Other loans	8853
Trade debts	8863
Suppliers	8873
Bills of exchange payable	8883
Advance payments on contracts in progress	8893
Other amounts payable	8903
Amounts payable with a remaining term of more than 5 years	8913	869.823.329,48

	Codes	Period
AMOUNTS PAYABLE GUARANTEED (included in accounts 17 and 42/48 of liabilities)
Amounts payable guaranteed by the Belgian government agencies
Financial debts	8921
Subordinated loans	8931
Unsubordinated debentures	8941
Leasing and other similar obligations	8951
Credit institutions	8961
Other loans	8971
Trade debts	8981
Suppliers	8991
Bills of exchange payable	9001
Advance payments on contracts in progress	9011
Remuneration and social security	9021
Other amounts payable	9051
Total of the amounts payable guaranteed by the Belgian government agencies
Amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets
Financial debts	8922
Subordinated loans	8932
Unsubordinated debentures	8942
Leasing and other similar obligations	8952
Credit institutions	8962
Other loans	8972
Trade debts	8982
Suppliers	8992
Bills of exchange payable	9002
Advance payments on contracts in progress	9012
Taxes, remuneration and social security	9022
Taxes	9032
Remuneration and social security	9042
Other amounts payable	9052
Total amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets

	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (headings 450/3 and 178/9 of liabilities)
Outstanding tax debts	9072
Accruing taxes payable	9073	11.444.565,56
Estimated taxes payable	450	1.722.898,90
Remuneration and social security (headings 454/9 and 178/9 of liabilities)
Amounts due to the National Social Security Office	9076
Other amounts payable in respect of remuneration and social security	9077	79.438.870,11

N°.	0401.574.852		C-cap 6.9
ACCRUALS AND DEFERRED INCOME		Period
Allocation of heading 492/3 of liabilities if the amount is significant
	OTHER ACCRUED CHARGES		3.838.197,52
		LOSS ON MARKING TO MARKET OF CURRENCY & METAL COMMITMENTS	24.577.398,49
	DEFERED INCOME		10.938.829,00
	ACCRUED INTEREST EXPENSES		6.211.911,18
	ACCRUED CHARGES		45.805.183,46

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
PMR		4.428.012.497,22	3.250.607.734,38
CSM		404.841.982,10	259.574.650,07
EOM		52.974.070,79	42.355.989,41
RBM		1.111.894.897,34	661.384.104,82
CORP		3.068.854,54	7.860.705,31
UBS-NBI Recycling		4.847.919,52
Allocation by geographical market
BELGIUM		222.402.121,06	104.535.386,32
GERMANY		2.565.178.217,12	1.985.020.895,71
GREAT BRITAIN		1.069.819.445,90	733.579.130,78
USA		469.641.451,52	279.030.797,59
CHINA		297.553.581,55	221.143.088,84
FINLAND		398.795.669,20	178.677.450,57
OTHERS		761.550.663,30	548.709.686,63
JAPAN		220.699.071,86	171.086.747,55
Other operating income
Operating subsidies and compensatory amounts received from public authorities	740	7.228.253,80	5.614.368,75
OPERATING CHARGES
Employees for whom the company submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date	9086	3.125	3.103
Average number of employees calculated in full-time equivalents	9087	3.004,3	3.025,1
Number of actual hours worked	9088	5.184.915	5.230.134
Personnel costs
Remuneration and direct social benefits	620	214.702.164,36	202.921.340,16
Employers' contribution for social security	621	66.237.241,02	64.230.698,30
Employers' premiums for extra statutory insurance	622	19.526.498,66	14.417.247,58
Other personnel costs	623	12.746.649,00	13.619.383,89
Retirement and survivors' pensions	624	545.814,43	902.734,72

	Codes	Period	Preceding period
Provisions for pensions and similar obligations
Appropriations (uses and write-backs) (+)/(-)	635	-18.120.830,81	26.925.389,91
Depreciations
On stock and contracts in progress
Recorded	9110	1.295.684,35	2.433.296,88
Written back	9111	279.534,21
On trade debtors
Recorded	9112
Written back	9113	669.942,92
Provisions for liabilities and charges
Appropriations	9115	15.812.741,28	48.560.755,44
Uses and write-backs	9116	78.224.005,05	25.288.269,64
Other operating charges
Taxes related to operation	640	4.551.619,94	5.385.891,78
Other	641/8	9.941.576,23	7.478.908,47
Hired temporary staff and personnel placed at the company's disposal
Total number at the closing date	9096	9	3
Average number calculated in full-time equivalents	9097	4,5	5,0
Number of actual hours worked	9098	8.792	9.960
Costs to the company	617	403.191,26	483.000,47

FINANCIAL RESULTS

	Codes	Period	Preceding period
RECURRING FINANCIAL INCOME
Other financial income
Subsidies paid by public authorities, added to the profit and loss account
Capital subsidies	9125	5.309.490,03	4.292.038,02
Interest subsidies	9126
Allocation of other financial income
Exchange differences realized	754	23.700.246,55
Other
Exchange variances and differences		33.476.759,75	35.319.106,68
Sundry financial income		96.773,96	81.529,52
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses	6501
Capitalised interests	6502
Depreciations on current assets
Recorded	6510
Written back	6511
Other financial charges
Amount of the discount borne by the company, as a result of negotiating amounts receivable	653	185.570,36	4.911.165,98
Provisions of a financial nature
Appropriations	6560		1.299.519,45
Uses and write-backs	6561	2.005.577,70
Allocation of other financial costs
Exchange differences realized	654	46.095.963,23
Results from the conversion of foreign currencies	655
Other
Sundry financial costs		6.237.818,14	6.943.486,60
Exchange variances and differences		14.042.977,04

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY

	Codes	Period	Preceding period
NON-RECURRING INCOME	76	2.642,60	45.297.426,59
Non-recurring operating income	(76A)		45.198.568,59
Write-back of depreciation and of amounts written off intangible and tangible fixed assets	760
Write-back of provisions for extraordinary operating liabilities and charges	7620
Capital profits on disposal of intangible and tangible fixed assets	7630
Other non-recurring operating income	764/8		45.198.568,59
Non-recurring financial income	(76B)	2.642,60	98.858,00
Write-back of amounts written down financial fixed assets	761	2.642,60
Write-back of provisions for extraordinary financial liabilities and charges	7621
Capital profits on disposal of financial fixed assets	7631		98.858,00
Other non-recurring financial income	769
NON-RECURRING CHARGES	66	96.994.987,80	129.327.801,25
Non-recurring operating charges	(66A)	56.617.265,67	128.794.778,62
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets	660		37.558.197,97
Provisions for extraordinary operating liabilities and charges: appropriations (uses) (+)/(-)	6620	56.411.042,75	57.488.090,65
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7	206.222,92	33.748.490,00
Non-recurring operating charges carried to assets as restructuring costs (-)	6690
Non-recurring financial charges	(66B)	40.377.722,13	533.022,63
Amounts written off financial fixed assets	661	245,82	533.022,63
Provisions for extraordinary financial liabilities and charges - appropriations (uses) (+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631
Other non-recurring financial charges	668	40.377.476,31
Non-recurring financial charges carried to assets as restructuring costs (-)	6691

TAXES

Period

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	55.382.455,55
Income taxes paid and withholding taxes due or paid	9135	55.382.455,55
Excess of income tax prepayments and withholding taxes paid recorded under assets	9136
Estimated additional taxes	9137
Income taxes on the result of prior periods	9138
Additional income taxes due or paid	9139
Additional income taxes estimated or provided for	9140
Major reasons for the differences between pre-tax profit, as it results from the annual accounts, and estimated taxable profit
TAXABLE PROVISIONS AND HIDDEN RESERVES		16.888.987,89
NON DEDUCTIBLE ITEMS		55.847.258,71
ALREADY TAXED ITEMS		-134.254.260,05
GAIN ON SHARES & OTHER EXEMPT INCOME		-5.309.490,03
DEDUCTION FOR PATENTS		-91.715.399,51
WITHOLDING DEDUCTIONS		-495.206,51
INVESTMENTS DEDUCTIONS		-866.837,17

Influence of non-recurring results on income taxes on the result of the period

	Codes	Period
Sources of deferred taxes
Deferred taxes representing assets	9141	203.147.691,49
Accumulated tax losses deductible from future taxable profits	9142
Other deferred taxes representing assets
TAXABLE PROVISIONS & HIDDEN RESERVES		200.547.179,99
INVESTMENTS DEDUCTIONS		2.600.511,50
Deferred taxes representing liabilities	9144	150.153.867,35
Allocation of deferred taxes representing liabilities
TAXE FREE RESERVES		150.153.867,35

TAXES

VALUE-ADDED TAXES AND TAXES BORNE BY THIRD PARTIES

Value-added taxes charged

To the company (deductible)

By the company

Amounts withheld on behalf of third party by way of

Payroll withholding taxes

Withholding taxes on investment income

Codes	Period	Preceding period
9145	286.821.430,06	237.809.577,25
9146	253.516.768,53	205.025.001,44
9147	45.593.151,25	42.915.144,85
9148	42.981.415,59	13.884.664,39

N°. 0401.574.852 C-cap 6.14

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET

	Codes	Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE COMPANY AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES	9149
Of which
Bills of exchange in circulation endorsed by the company	9150
Bills of exchange in circulation drawn or guaranteed by the company	9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the company	9153
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of the company
Mortgages
Book value of the immovable properties mortgaged	91611
Amount of registration	91621
For irrevocable mortgage mandates, the amount for which the agent can take registration	91631
Pledging of goodwill
Maximum amount up to which the debt is secured and which is the subject of registration	91711
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription	91721
Pledging of other assets or irrevocable mandates to pledge other assets
Book value of the immovable properties mortgaged	91811
Maximum amount up to which the debt is secured	91821
Guarantees provided or irrevocably promised on future assets
Amount of assets in question	91911
Maximum amount up to which the debt is secured	91921
Vendor's privilege
Book value of sold goods	92011
Amount of the unpaid price	92021

N°.	0401.574.852			C-cap 6.14
			Codes	Period
	of debts and commitments of third parties	Real guarantees provided or irrevocably promised by the company on its own assets as security
Mortgages
	Book value of the immovable properties mortgaged		91612
	Amount of registration		91622
	registration	For irrevocable mortgage mandates, the amount for which the agent can take	91632
	Pledging of goodwill
		Maximum amount up to which the debt is secured and which is the subject of registration	91712
	inscription	For irrevocable mandates to pledge goodwill, the amount for which the agent can take the	91722
		Pledging of other assets or irrevocable mandates to pledge other assets
	Book value of the immovable properties mortgaged		91812
	Maximum amount up to which the debt is secured		91822
	Guarantees provided or irrevocably promised on future assets
	Amount of assets in question		91912
	Maximum amount up to which the debt is secured		91922
	Vendor's privilege
	Book value of sold goods		92012
	Amount of the unpaid price		92022

	Codes	Period
GOODS AND VALUES, NOT REFLECTED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT FOR THE BENEFIT AND AT THE RISK OF THE COMPANY SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
FORWARD TRANSACTIONS Goods purchased (to be received) Goods sold (to be delivered) Currencies purchased (to be received) Currencies sold (to be delivered)	9213 9214 9215 9216	774.964.721,00 818.821.541,00 2.604.587.839,00 2.601.082.340,00

COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

Period

N°.	0401.574.852		C-cap 6.14
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS		Period
	LEASE-OUT METALS		351.769.059,58
	METALS OWNED BY PARTIES FOR TOLLING		2.008.151.474,00
	LEASE-IN METALS		439.316.912,57
	METALS OWNED BY UMICORE FOR TOLLING		1.206.879.766,00
	BANK GUARANTEES		15.952.315,00
	PERSONAL GARANTEES GIVEN		36.394.021,00

SETTLEMENT REGARDING THE COMPLEMENTARY RETIREMENT OR SURVIVORS' PENSION FOR PERSONNEL AND BOARD MEMBERS

Brief description

Measures taken to cover the related charges

	Code	Period
PENSIONS FUNDED BY THE COMPANY ITSELF
Estimated amount of the commitments resulting from past services	9220
Methods of estimation
		Period

NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE not reflected in the balance sheet or income statement

COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR
SALE OR PURCHASE

NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET

If the risks and benefits resulting from such transactions are of any meaning and if publishing such risks and benefits is necessary to appreciate the financial situation of the company

OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those that cannot be calculated)

Period

Period

Period

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
AFFILIATED COMPANIES
Financial fixed assets	(280/1)	2.724.897.582,19	2.604.897.582,19
Participating interests	(280)	2.724.897.582,19	2.604.897.582,19
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	1.340.402.736,71	980.232.064,05
Over one year	9301	584.997.593,06	476.214.351,64
Within one year	9311	755.405.143,65	504.017.712,41
Current investments	9321		81.474.561,85
Shares	9331
Amounts receivable	9341		81.474.561,85
Amounts payable	9351	292.633.990,65	124.285.173,73
Over one year	9361
Within one year	9371	292.633.990,65	124.285.173,73
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies	9381
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company	9391
Other significant financial commitments	9401
Financial results
Income from financial fixed assets	9421	134.254.298,17	141.191.207,33
Income from current assets	9431	16.828.150,90	20.459.369,36
Other financial income	9441
Debt charges	9461	6.218.772,10	5.481.199,47
Other financial charges	9471
Disposal of fixed assets
Capital profits realised	9481
Capital losses realised	9491

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

	Codes	Period	Preceding period
ASSOCIATED COMPANIES
Financial fixed assets	9253
Participating interests	9263
Subordinated amounts receivable	9273
Other amounts receivable	9283
Amounts receivable	9293
Over one year	9303
Within one year	9313
Amounts payable	9353
Over one year	9363
Within one year	9373
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies	9383
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company	9393
Other significant financial commitments	9403
COMPANIES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets	9252	128.765,19	128.765,19
Participating interests	9262	128.765,19	128.765,19
Subordinated amounts receivable	9272
Other amounts receivable	9282
Amounts receivable	9292
Over one year	9302
Within one year	9312
Amounts payable	9352
Over one year	9362
Within one year	9372

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS

TRANSACTIONS WITH AFFILIATED PARTIES BEYOND NORMAL MARKET CONDITIONS

Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions that should be necessary to get a better understanding of the financial situation of the company

In the absence of legal criteria allowing to summarize related party transactions outside normal market conditions, no information could be included in Vol-kap 6.15.

FINANCIAL RELATIONSHIPS WITH

	Codes	Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR LEGAL PERSONS WHO CONTROL THE COMPANY DIRECTLY OR INDIRECTLY WITHOUT BEING ASSOCIATED THEREWITH, OR OTHER COMPANIES CONTROLLED DIRECTLY OR INDIRECTLY BY THESE PERSONS
Amounts receivable from these persons	9500
Principal conditions regarding amounts receivable, rate of interest, duration, any amounts repaid, cancelled or written off
Guarantees provided in their favour	9501
Other significant commitments undertaken in their favour	9502
Amount of direct and indirect remunerations and pensions, reflected in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers	9503
To former directors and former managers	9504

	Codes	Period
THE AUDITOR(S) AND THE PERSONS WHOM HE (THEY) IS (ARE) COLLABORATING WITH
Auditors' fees	9505	503.000,00
Fees for exceptional services or special assignments executed within the company by the auditor
Other audit assignments	95061	6.000,00
Tax consultancy assignments	95062
Other assignments beyondthe audit	95063	223.591,00
Fees for exceptional services or special assignments executed within the company by people the auditor(s) is (are collaborating with
Other audit assignments	95081
Tax consultancy assignments	95082	81.448,00
Other assignments beyondthe audit	95083

Mentions related to article 3:64, § 2 and § 4 of the Belgian Companies and Associations Code

Book value Real value

DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT VALUED BASED UPON THE REAL VALUE

FOR EACH CATEGORY OF DERIVATIVE FINANCIAL INSTRUMENTS THAT ARE NOT VALUED BASED UPON THE REAL VALUE

				Period		Preceding period
Category of derivative financial instruments	Hedged risk	Speculation/ coverage	Size	Book value	Real value	Book value	Real value
FX forwards	Fluctuations in currency rates - strategic hedges	Dekking	154.064.701	0,00	-1.689.028,00	0,00	6.953.136,00
Commodities	Fluctuations in metal prices - strategic hedges	Dekking	89.080.266	-916.591,00	17.093.651,00	-142.742,00	-4.125.389,00
Commodities	Fluctuations in energy prices - strategic hedges	Dekking	23.057.848	0,00	42.169.672,00	0,00	2.390.611,00
FX forwards/swaps	Fluctuations in currency rates - transactional hedges	Dekking	2.450.523.138	7.867.679,00	7.867.679,00	-27.865.029,00	-27.865.029,00
Commodities	Fluctuations in metal prices - transactional hedges	Dekking	1.168.502.349	-6.664.194,00	-6.664.194,00	-5.372.529,00	-5.372.529,00

FINANCIAL FIXED ASSETS RECORDED AT AN AMOUNT HIGHER THAN THE REAL VALUE Amount of separate assets or of its appropriate groups Reasons why the book value has not decreased Elements that lead to assume that it will be possible to realise the book value

DECLARATION WITH REGARD TO THE CONSOLIDATED ANNUAL ACCOUNTS

INFORMATION TO DISCLOSE BY EACH COMPANY GOVERNED BY THE BELGIAN COMPANIES AND ASSOCIATIONS CODE ON THE CONSOLIDATED ANNUAL ACCOUNTS

The company has prepared and published consolidated annual accounts and a consolidated annual report*

The company has not prepared consolidated annual accounts and a consolidated annual report, because of an exemption for the following reason(s)*

The company and its subsidiaries exceed, on a consolidated basis, not more than one of the criteria mentioned in article 1:26 of the Belgian Companies and Associations Code*

The company only has subsidiaries that, considering the evaluation of the consolidated capital, the consolidated financial position or the consolidated result, individually or together, are of negligible interestError! Bookmark not defined. (article 3:23 of the Belgian Companies and Associations Code)

The company itself is a subsidiary of a parent company that prepares and publishes consolidated annual accounts, in which the annual accounts are integrated by consolidation*

Name, full address of the registered office and, if it concerns companies under Belgian law, the company registration number of the parent company(ies) and the indication if this (these) parent company(ies) prepares (prepare) and publishes (publish) consolidated annual accounts, in which the annual accounts are included by means of consolidation**:

If the parent company(ies) is (are) (a) company(ies) governed by foreign law, the location where the abovementioned annual accounts are available**:

^* Strike out what does not apply.

^** Where the annual accounts of the company are consolidated at different levels, the information should be given, on the one hand at the highest and on the other at the lowest level of companies of which the company is a subsidiary and for which consolidated accounts are prepared and published.

Numbers of the joint industrial committees competent for the company:

105 224

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER

During the period	Codes	Total	1. Men	2. Women
Average number of employees
Full-time	1001	2.671,3	2.316,9	354,4
Part-time	1002	424,3	266,2	158,1
Total in full-time equivalents (FTE)	1003	3.004,3	2.526,7	477,6
Number of actual hours worked
Full-time	1011	4.618.262	3.939.154	679.108
Part-time	1012	566.653	329.489	237.164
Total	1013	5.184.915	4.268.643	916.272
Personnel costs
Full-time	1021	281.015.106,50	240.019.313,74	40.995.792,76
Part-time	1022	32.197.446,54	19.395.875,18	12.801.571,36
Total	1023	313.212.553,04	259.415.188,92	53.797.364,12
Benefits in addition to wages	1033

During the preceding period	Codes	P. Total	1P. Men	2P. Women
Average number of employees in FTE Number of actual hours worked Personnel costs Benefits in addition to wages	1003 1013 1023 1033	3.025,1 5.230.134 295.188.669,93	2.566,0 4.357.664 247.556.623,68	459,1 872.470 47.632.046,25

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continuation)

	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
At the closing date of the period
Number of employees	105	2.715	410	3.037,1
By nature of the employment contract
Contract for an indefinite period	110	2.703	410	3.025,1
Contract for a definite period	111	11		11,0
Contract for the execution of a specifically assigned work .	112
Replacement contract	113	1		1,0
According to gender and study level
Men	120	2.336	258	2.539,8
primary education	1200	357	50	396,8
secondary education	1201	1.280	146	1.394,9
higher non-university education	1202	273	50	312,1
university education	1203	426	12	436,0
Women	121	379	152	497,3
primary education	1210	5	4	8,2
secondary education	1211	51	25	70,8
higher non-university education	1212	126	88	193,6
university education	1213	197	35	224,7
By professional category
Management staff	130	539	38	569,7
Salaried employees	134	866	222	1.038,6
Hourly employees	132	1.310	150	1.428,8
Other	133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE DISPOSAL OF THE COMPANY

During the period
-------------------	--	--

Average number of persons employed Number of actual hours worked Costs to the company

Codes	1. Hired temporary staff	2. Hired temporary staff and personnel placed at the company's disposal
150	4,5
151	8.792
152	403.191,26

Other reason

Of which: the number of persons who continue to render

a self-employment basis

services to the company at least half-time on

ENTRIES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees for whom the company submitted a DIMONA declaration or who have been recorded in the general personnel register during the period	205	218	3	220,3
By nature of the employment contract
Contract for an indefinite period	210	209	3	211,3
Contract for a definite period	211	8		8,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213	1		1,0
DEPARTURES	Codes	1. Full-time	2. Part-time	3. Total in full-time equivalents
Number of employees whose contract-termination date has been included in the DIMONA declaration or in the general personnel register during the period	305	175	24	191,3
By nature of the employment contract
Contract for an indefinite period	310	174	24	190,3
Contract for a definite period	311	1		1,0
Contract for the execution of a specifically assigned work .	312
Replacement contract	313
By reason of termination of contract
Retirement	340	35	11	42,0
Unemployment with extra allowance from enterprise	341	21		21,0
Dismissal	342	40	4	43,0

343

350

79

9

85,3

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Total of initiatives of formal professional training at the expense of the employer		Men	Codes	Women
Number of employees involved		2.179	5811	428
Number of actual training hours		30.458	5812	6.932
Net costs for the company		1.585.496,13	5813	353.687,26
of which gross costs directly linked to training		1.564.037,61	58131	355.951,46
of which contributions paid and payments to collective funds		152.383,28	58132	29.724,91
of which grants and other financial advantages received (to deduct)	58033	130.924,76	58133	31.989,11
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821	1.732	5831	553
Number of actual training hours		59.159	5832	14.965
Net costs for the company		3.037.822,08	5833	768.430,25
Total of initial initiatives of professional training at the expense of the employer
Number of employees involved	5841		5851
Number of actual training hours	5842		5852
Net costs for the company	5843		5853