Umicore — Audit Report / Information 2020

Mar 26, 2021

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40				1	EUR
NAT.	Filing date	N°. 0401.574.852	P.	U.	D.

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 SA
Legal form: NV
Address: rue du marais		N°. 31
Postal code: 1000 Town: Brussel 1
Country: Belgium
Register of legal persons - commercial court: Brussel, French-speaking
1 Website : www.umicore.com
	Company registration number	0401.574.852
26-Apr-18 DATE the deed of incorporation and of the deed of amendment of the articles of association.	of filing the most recent document mentioning the date of publication of
ANNUAL ACCOUNTS IN EURO (2 decimals)	2
	approved by the general meeting of	29-Apr-21
regarding the period from	01-Jan-20 to	31-Dec-20
Preceding period from	01-Jan-19 to	31-Dec-19
3 The amounts for the preceding period are are not /	identical to the ones previously published.

Total number of pages filed: Numbers of the sections of the standard model form not filed because they serve no useful purpose: 91 6.2.4, 6.2.5, 6.5.2, 6.17, 6.18.2, 6.19, 6.20, 8, 9, 11, 12, 13, 14, 15

Signature (name and position) PLATTEEUW Filip Chief Financial Officer

Signature (name and position) GRYNBERG Marc 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.

{1}------------------------------------------------

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

PricewaterhouseCoopers Bedrijfsrevisoren BV 0429.501.944

Title : Auditor, Membership number : B00009 Woluwedal 18, 1932 Sint-Stevens-Woluwe, Belgium

Mandate : 30-Apr-20- 27-Apr-23

Represented by :

CAPPOEN KURT 1.

, Membership number : A01969 SLUISWEG 1 , 9000 Gent, Belgium

LEYSEN THOMAS

Title : President of the board of directors ROSIER 21, box ., 2000 Antwerpen, Belgium

Mandate : 26-Apr-18- 29-Apr-21

GRYNBERG MARC

AVENUE DE L'AVOCAT 5, 1410 Waterloo, Belgium

Title : Delegated director Mandate : 26-Apr-18- 29-Apr-21

ARMERO MARIO

c/ Alfonso XII 18, 28014 MADRID, Spain

Title : Director

Mandate : 30-Apr-20- 27-Apr-23

BEN-ZUR LIAT

NE 6th #2525 10485, 98004 BELLEVUE WA, United States of America

Title : Director

Mandate : 30-Apr-20- 27-Apr-23

CHOMBAR FRANCOISE

BOEKTLAAN 14, box ., 3550 Heusden-Zolder, Belgium

Title : Director

Mandate : 25-Apr-19- 28-Apr-22

DEBACKERE KOENRAAD

ALFONS STESSELSTRAAT 8, box ., 3012 Wilsele, Belgium

Title : Director

Mandate : 26-Apr-18- 29-Apr-21

GARRETT MARK

BUNDTENWEG 76, 4102 BINNINGEN, Switzerland

Title : Director

Mandate : 26-Apr-18- 29-Apr-21

{2}------------------------------------------------

Nr. C-c 2.1 0401.574.852

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued from previous page)

KOLMSEE INES

TRAUBINGERSTRASSE 18, box ., 82327 TUTZING, Germany

Title : Director

Mandate : 30-Apr-20- 27-Apr-23

LAMARCHE GERARD

VIEUX CHATEAU ., 7411 ANSEMBOURG, Luxembourg

Title : Director

Mandate : 25-Apr-17- 30-Apr-20

MEURICE ERIC

HANGMOOR CALLOW HILL ., GU25 4L VIRGINIA WATER, United Kingdom

Title : Director

Mandate : 26-Apr-18- 29-Apr-21

RAETS LAURENT

KWAENIJKSTRAAT 38, 3191 Hever, Belgium

Title : Director

Mandate : 25-Apr-19- 28-Apr-22

{3}------------------------------------------------

N°.	0401.574.852		C-c 2.2
-----	--------------	--	---------

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.

{4}------------------------------------------------

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

	Notes	Codes	Period	Preceding period
ASSETS
FORMATION EXPENSES	6.1	20	14.684.675,24	6.065.747,12
FIXED ASSETS		21/28	3.157.940.301,23	2.879.229.162,59
Intangible fixed assets	6.2	21	99.031.914,40	114.726.067,45
Tangible fixed assets	6.3	22/27	452.430.179,95	467.457.748,08
Land and buildings		22	171.369.352,26	149.571.705,46
Plant, machinery and equipment		23	238.892.624,18	248.616.187,97
Furniture and vehicles		24	17.657.449,21	15.677.142,44
Leasing and other similar rights		25	2.571.250,00	2.736.250,00
Other tangible fixed assets		26	331.069,90	331.069,90
Assets under construction and advance payments		27	21.608.434,40	50.525.392,31
Financial fixed assets	6.4 / 6.5.1	28	2.606.478.206,88	2.297.045.347,06
Affiliated Companies	6.15	280/1	2.604.897.582,19	2.294.944.408,03
Participating interests		280	2.604.897.582,19	2.294.944.408,03
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	1.451.859,50	1.972.173,84
Shares		284	1.351.772,58	1.882.812,06
Amounts receivable and cash guarantees		285/8	100.086,92	89.361,78

{5}------------------------------------------------

	Notes	Codes	Period	Preceding period
CURRENT ASSETS		29/58	2.060.640.086,61	1.748.153.305,75
Amounts receivable after more than one year		29	476.214.351,64	449.365.738,20
Trade debtors		290
Other amounts receivable		291	476.214.351,64	449.365.738,20
Stocks and contracts in progress		3	617.345.504,55	534.771.013,08
Stocks		30/36	617.345.504,55	534.771.013,08
Raw materials and consumables		30/31	276.332.885,92	164.974.920,09
Work in progress		32	137.034.446,45	139.786.851,92
Finished goods		33	199.763.699,25	226.186.491,99
Goods purchased for resale		34
Immovable property intended for sale		35
Advance payments		36	4.214.472,93	3.822.749,08
Contracts in progress		37
Amounts receivable within one year		40/41	620.118.957,52	519.135.350,30
Trade debtors		40	378.875.288,19	299.296.457,38
Other amounts receivable		41	241.243.669,33	219.838.892,92
Current investments	6.5.1 / 6.6	50/53	290.395.369,47	184.701.056,91
Own shares		50	208.920.807,62	184.701.056,91
Other investments		51/53	81.474.561,85
Cash at bank and in hand		54/58	4.564.596,66	2.190.533,92
Accruals and deferred income	6.6	490/1	52.001.306,77	57.989.613,34
TOTAL ASSETS		20/58	5.233.265.063,08	4.633.448.215,46

{6}------------------------------------------------

	Notes	Codes	Period	Preceding period
EQUITY AND LIABILITIES
EQUITY		10/15	2.177.833.950,30	2.268.309.321,63
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
Uncalled capital 4		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	414.074.674,97	389.854.924,26
Reserves not available		130/1	263.920.807,62	239.701.056,91
Legal reserve		130	55.000.000,00	55.000.000,00
Reserves not available statutorily		1311
Purchase of own shares		1312	208.920.807,62	184.701.056,91
Financial support		1313
Other		1319
Untaxed reserves		132	150.153.867,35	150.153.867,35
Available reserves		133
Accumulated profits (losses)(+)/(-)		14	353.638.281,52	471.861.690,64
Capital subsidies		15	11.900.275,91	8.371.988,83
Advance to shareholders on the distribution of net assets 5		19
PROVISIONS AND DEFERRED TAXES		16	206.052.978,71	123.599.549,36
Provisions for liabilities and charges		160/5	206.052.978,71	123.599.549,36
Pensions and similar obligations		160	90.219.550,35	63.294.160,44
Taxes		161
Major repairs and maintenance		162	4.400.537,18	7.863.410,50
Environmental obligations		163	96.558.364,18	42.208.703,73
Other liabilities and charges	6.8	164/5	14.874.527,00	10.233.274,69
Deferred taxes		168

$^{^{4}\,}$ Amount to be deducted from the issued capital.

$^{\,\,^{5}\,}$ Amount to be deducted from the other components of equity.

{7}------------------------------------------------

	Notes	Codes	Period	Preceding period
AMOUNTS PAYABLE		17/49	2.849.378.134,07	2.241.539.344,47
Amounts payable after more than one year	6.9	17	1.707.728.606,94	1.082.864.484,28
Financial debts		170/4	1.707.728.606,94	1.082.864.484,28
Subordinated loans		170
Unsubordinated debentures		171
Leasing and other similar obligations		172	2.728.606,94	2.864.484,28
Credit institutions		173	1.205.000.000,00	1.080.000.000,00
Other loans		174	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	1.063.641.259,14	1.076.243.882,93
Current portion of amounts payable after more than one year falling due within one year		42
Financial debts		43	170.000.000,00	585.314.353,80
Credit institutions		430/8	170.000.000,00
Other loans		439		585.314.353,80
Trade debts		44	688.272.589,44	414.256.130,59
Suppliers		440/4	682.652.119,75	408.551.778,26
Bills of exchange payable		441	5.620.469,69	5.704.352,33
Advance payments on contracts in progress		46	544,44	429.706,86
Taxes, remuneration and social security	6.9	45	72.537.386,61	65.036.282,88
Taxes		450/3	12.278.981,69	6.298.850,51
Remuneration and social security		454/9	60.258.404,92	58.737.432,37
Other amounts payable		47/48	132.830.738,65	11.207.408,80
Accruals and deferred income	6.9	492/3	78.008.267,99	82.430.977,26
TOTAL LIABILITIES		10/49	5.233.265.063,08	4.633.448.215,46

{8}------------------------------------------------

PROFIT AND LOSS ACCOUNT

	Notes	Codes	Period	Preceding period
Operating income		70/76A	4.459.289.733,96	3.489.296.938,09
Turnover	6.10	70	4.221.783.183,99	3.346.677.604,85
Stocks of finished goods and work and contracts in progress: increase (decrease)(+)/(-)		71	-47.613.890,82	-72.823.932,83
Produced fixed assets		72	73.881.527,67	54.637.682,07
Other operating income	6.10	74	166.040.344,53	157.993.084,00
Non-recurring operating income	6.12	76A	45.198.568,59	2.812.500,00
Operating charges		60/66A	4.481.337.761,33	3.494.692.665,20
Goods for resale, raw materials and consumables		60	3.637.870.075,85	2.786.054.053,33
Purchases		600/8	3.758.177.210,97	2.792.593.425,79
Stocks: decrease (increase)(+)/(-)		609	-120.307.135,12	-6.539.372,46
Services and other goods		61	240.669.715,11	241.420.674,74
Remuneration, social security and pensions(+)/(-)	6.10	62	296.091.404,65	297.807.348,20
Amortisations of and other amounts written down on formation expenses, intangible and tangible fixed assets		630	139.341.204,17	122.422.959,83
Amounts written down on stocks, contracts in progress and trade debtors: additions (write-backs)(+)/(-)	6.10	631/4	2.433.296,88	-3.186.995,56
Provisions for liabilities and charges: appropriations (uses and write-backs)(+)/(-)	6.10	635/8	23.272.485,80	-2.450.553,62
Other operating charges	6.10	640/8	12.864.800,25	7.444.064,28
Operating charges reported as assets under restructuring costs (-)		649
Non-recurring operating charges	6.12	66A	128.794.778,62	45.181.114,00
Operating profit (loss) (+)/(-)		9901	-22.048.027,37	-5.395.727,11

{9}------------------------------------------------

	Notes	Codes	Period	Preceding period
Financial income		75/76B	201.456.638,04	259.332.609,40
Recurring financial income		75	201.357.780,04	257.279.364,24
Income from financial fixed assets		750	141.205.736,46	228.887.144,48
Income from current assets		751	20.459.369,36	19.451.964,22
Other financial income	6.11	752/9	39.692.674,22	8.940.255,54
Non-recurring financial income	6.12	76B	98.858,00	2.053.245,16
Financial charges	6.11	65/66B	85.500.045,07	41.267.899,85
Recurring financial charges		65	84.967.022,44	41.210.561,50
Debt charges		650	29.785.760,97	25.417.854,74
Amounts written down on current assets other than stocks, contracts in progress and trade debtors: additions (write-backs)(+)/(-)		651
Other financial charges		652/9	55.181.261,47	15.792.706,76
Non-recurring financial charges	6.12	66B	533.022,63	57.338,35
Profit (Loss) for the period before taxes (+)/(-)		9903	93.908.565,60	212.668.982,44
Transfer from deferred taxes		780
Transfer to deferred taxes		680
Income taxes on the result(+)/(-)	6.13	67/77	7.433.019,01	3.411.265,97
Taxes		670/3	8.602.848,30	5.961.274,36
Adjustment of income taxes and write-back of tax provisions		77	1.169.829,29	2.550.008,39
Profit (Loss) of the period (+)/(-)		9904	86.475.546,59	209.257.716,47
Transfer from untaxed reserves		789
Transfer to untaxed reserves		689
Profit (Loss) of the period available for appropriation(+)/(-)		9905	86.475.546,59	209.257.716,47

{10}------------------------------------------------

APPROPRIATION ACCOUNT

Profit (Loss) to be appropriated (+)/(-)	9906
Profit (Loss) of the period available for appropriation(+)/(-)
Profit (Loss) of the preceding period brought forward(+)/(-)	14P
Transfers from equity	791/2
from contributions	791
from reserves	792
Appropriations to equity	691/2
to contributions	691
to legal reserve	6920
to other reserves	6921
Profit (loss) to be carried forward (+)/(-)	(14)
Shareholders' contribution in respect of losses	794
Profit to be distributed	694/7
Compensation for contributions	694
Directors or managers	695
Employees	696
Other beneficiaries	697

Codes	Period	Preceding period
9906	558.337.237,23	588.668.901,70
(9905)	86.475.546,59	209.257.716,47
14P	471.861.690,64	379.411.185,23
791/2
791
792
691/2	24.219.750,71	26.598.225,43
691
6920
6921	24.219.750,71	26.598.225,43
(14)	353.638.281,52	471.861.690,64
794
694/7	180.479.205,00	90.208.985,63
694	180.479.205,00	90.208.985,63
695
696

{11}------------------------------------------------

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	6.065.747,12
Movements during the period
New expenses incurred	8002	11.874.469,17
Amortisation	8003	3.255.541,05
Other(+)/(-)	8004
Net book value at the end of the period	(20)	14.684.675,24
Of which Formation, capital increase or increase of contributions expenses, loan issue expenses and other formation expenses	200/2
Restructuring costs	204

{12}------------------------------------------------

STATEMENT OF INTANGIBLE FIXED ASSETS

		Period	Preceding period
DEVELOPMENT COSTS
Acquisition value at the end of the period	8051P	xxxxxxxxxxxxx	252.597.003,44
Movements during the period
Acquisitions, including produced fixed assets	8021	53.670.577,52
Sales and disposals	8031
Transfers from one heading to another(+)/(-)	8041
Acquisition value at the end of the period	8051	306.267.580,96
Amortisations and amounts written down at the end of the period	8121P	xxxxxxxxxxxx	192.342.342,33
Movements during the period
Recorded	8071	65.100.398,36
Written back	8081
Acquisitions from third parties	8091
Cancelled owing to sales and disposals	8101
Transferred from one heading to another(+)/(-)	8111
Amortisations and amounts written down at the end of the period	8121	257.442.740,69
NET BOOK VALUE AT THE END OF THE PERIOD	81311	48.824.840,27

{13}------------------------------------------------

	Codes	Period	Preceding period
RESEARCH COSTS MADE IN A PERIOD THAT STARTED BEFORE 1 JANUARY 2016
TOARGAINT 2010
Acquisition value at the end of the period	8055P	xxxxxxxxxxxxx
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	xxxxxxxxxxxxx
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	63.202.539,86
Amortisations and amounts written down at the end of the period	8126	63.202.539,86
NET BOOK VALUE AT THE END OF THE PERIOD	81313

{14}------------------------------------------------

	Codes	Period	Preceding period
CONCESSIONS, PATENTS LICENSES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period	8052P	xxxxxxxxxxxx	173.427.907,90
Movements during the period
Acquisitions, including produced fixed assets	8022	7.292.931,32
Sales and disposals	8032	10.697.435,48
Transfers from one heading to another(+)/(-)	8042	322.735,50
Acquisition value at the end of the period	8052	170.346.139,24
Amortisations and amounts written down at the end of the period	8122P	xxxxxxxxxxxx	118.956.501,56
Movements during the period
Recorded	8072	6.151.276,67
Written back	8082
Acquisitions from third parties	8092
Cancelled owing to sales and disposals	8102	4.987.952,32
Transfers from one heading to another(+)/(-)	8112	19.239,20
Amortisations and amounts written down at the end of the period	8122	120.139.065,11
NET BOOK VALUE AT THE END OF THE PERIOD	211	50.207.074,13

{15}------------------------------------------------

STATEMENT OF TANGIBLE FIXED ASSETS

	Codes	Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period	8191P	xxxxxxxxxxxx	408.785.863,27
Movements during the period
Acquisitions, including produced fixed assets	8161	10.487.836,00
Sales and disposals	8171	5.844.301,15
Transfers from one heading to another(+)/(-)	8181	23.885.891,50
Acquisition value at the end of the period	8191	437.315.289,62
Revaluation surpluses at the end of the period	8251P	xxxxxxxxxxxx	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	xxxxxxxxxxxx	266.896.911,07
Movements during the period
Recorded	8271	24.669.854,48
Written back	8281
Acquisitions from third parties	8291
Cancelled owing to sales and disposals	8301	5.799.814,02
Transferred from one heading to another(+)/(-)	8311	-12.138.260,91
Amortisations and amounts written down at the end of the period	8321	273.628.690,62
NET BOOK VALUE AT THE END OF THE PERIOD	(22)	171.369.352,26

{16}------------------------------------------------

	Codes	Period	Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period	8192P	xxxxxxxxxxxx	925.302.482,94
Movements during the period
Acquisitions, including produced fixed assets	8162	10.300.708,16
Sales and disposals	8172	18.204.513,76
Transfers from one heading to another(+)/(-)	8182	51.289.257,47
Acquisition value at the end of the period	8192	968.687.934,81
Revaluation surpluses at the end of the period	8252P	xxxxxxxxxxxxx
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	*********	676.686.294,97
·	03227	XXXXXXXXXXXXXX	676.666.294,97
Movements during the period
Recorded	8272	71.297.979,93
Written back	8282
Acquisitions from third parties	8292
Cancelled owing to sales and disposals	8302	18.169.725,07
Transferred from one heading to another(+)/(-)	8312	-19.239,20
Amortisations and amounts written down at the end of the period	8322	729.795.310,63
NET BOOK VALUE AT THE END OF THE PERIOD	(23)	238.892.624,18

{17}------------------------------------------------

	Codes	Period	Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period	8193P	xxxxxxxxxxxx	62.541.682,92
Movements during the period
Acquisitions, including produced fixed assets	8163	3.914.748,63
Sales and disposals	8173	3.570.764,48
Transfers from one heading to another(+)/(-)	8183	4.005.140,24
Acquisition value at the end of the period	8193	66.890.807,31
Revaluation surpluses at the end of the period	8253P	xxxxxxxxxxxx
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	XXXXXXXXXXXXXX	46.864.540,48
Movements during the period
Recorded	8273	5.940.853,44
Written back	8283
Acquisitions from third parties	8293
Cancelled owing to sales and disposals	8303	3.572.035,82
Transfers from one heading to another(+)/(-)	8313
Amortisations and amounts written down at the end of the period	8323	49.233.358,10
NET BOOK VALUE AT THE END OF THE PERIOD	(24)	17.657.449,21

{18}------------------------------------------------

	Codes	Period	Preceding period
LEASING AND OTHER SIMILAR RIGHTS
Acquisition value at the end of the period	8194P	xxxxxxxxxxxxx	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	xxxxxxxxxxxx
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	xxxxxxxxxxxx	563.750,00
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	728.750,00
NET BOOK VALUE AT THE END OF THE PERIODOf which	(25)	2.571.250,00
Land and buildings	250	2.571.250,00
Plant, machinery and equipment	251
Furniture and vehicles	252

{19}------------------------------------------------

	Codes	Period	Preceding period
OTHER TANGIBLE FIXED ASSETS
Acquisition value at the end of the period	8195P	xxxxxxxxxxxx	12.573.113,85
Movements during the period
Acquisitions, including produced fixed assets	8165	312.489,48
Sales and disposals	8175	3.878.350,26
Transfers from one heading to another(+)/(-)	8185	12.138.260,91
Acquisition value at the end of the period	8195	21.145.513,98
Revaluation surpluses at the end of the period	8255P	xxxxxxxxxxxxx	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	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	12.843.093,68
·	0323F	xxxxxxxxxxxxx	12.043.093,00
Movements during the period
Recorded	8275	312.489,48
Written back	8285
Acquisitions from third parties	8295
Cancelled owing to sales and disposals	8305	3.878.350,26
Transferred from one heading to another(+)/(-)	8315	12.138.260,91
Amortisations and amounts written down at the end of the period	8325	21.415.493,81
NET BOOK VALUE AT THE END OF THE PERIOD	(26)	331.069,90

{20}------------------------------------------------

	Codes	Period	Preceding period
ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS
Acquisition value at the end of the period	8196P	XXXXXXXXXXXXXX	50.525.392,31
Movements during the period
Acquisitions, including produced fixed assets	8166	62.724.327,71
Sales and disposals	8176
Transfers from one heading to another(+)/(-)	8186	-91.641.285,62
Acquisition value at the end of the period	8196	21.608.434,40
Revaluation surpluses at the end of the period	8256P	xxxxxxxxxxxx
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	xxxxxxxxxxxx
Movements during the period	00201
• .
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)	21.608.434,40

{21}------------------------------------------------

C-c 6.4.1

N°. 0401.574.852

STATEMENT OF FINANCIAL FIXED ASSETS

	Codes	Period	Preceding period
AFFILIATED COMPANIES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8391P	xxxxxxxxxxxxx	2.432.774.037,90
Movements during the period
Acquisitions	8361	309.953.174,16
Sales and disposals	8371	4.297.389,38
Transfers from one heading to another(+)/(-)	8381
Acquisition value at the end of the period	8391	2.738.429.822,68
Revaluation surpluses at the end of the period	8451P	xxxxxxxxxxxxx
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	xxxxxxxxxxxxx	137.829.629,87
Movements during the period
Recorded	8471
Written back	8481
Acquisitions from third parties	8491
Cancelled owing to sales and disposals	8501	4.297.389,38
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	xxxxxxxxxxxxx
Movements during the period $(+)/(-)$	8541
Uncalled amounts at the end of the period	8551
NET BOOK VALUE AT THE END OF THE PERIOD	(280)	2.604.897.582,19
AFFILIATED COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	281P	xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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

{22}------------------------------------------------

	Codes	Period	Preceding period
COMPANIES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8392P	xxxxxxxxxxxxx	1.631.388,40
Movements during the period
Acquisitions	8362
Sales and disposals	8372	1.486.370,69
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	xxxxxxxxxxxxx
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	xxxxxxxxxxxxx	1.486.370,69
Movements during the period
Recorded	8472
Written back	8482
Acquisitions from third parties	8492
Cancelled owing to sales and disposals	8502	1.486.370,69
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	xxxxxxxxxxxxx	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	xxxxxxxxxxxxx
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

{23}------------------------------------------------

	Codes	Period	Preceding period
OTHER COMPANIES - PARTICIPATING INTERESTS AND SHARES
Acquisition value at the end of the period	8393P	xxxxxxxxxxxx	2.502.970,65
Movements during the period
Acquisitions	8363
Sales and disposals	8373	130.253,93
Transfers from one heading to another(+)/(-)	8383
Acquisition value at the end of the period	8393	2.372.716,72
Revaluation surpluses at the end of the period	8453P	xxxxxxxxxxxx
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	xxxxxxxxxxx	616.399,26
Movements during the period
Recorded	8473	533.022,63
Written back	8483
Acquisitions from third parties	8493
Cancelled owing to sales and disposals	8503	129.867,19
Transferred from one heading to another(+)/(-)	8513
Amounts written down at the end of the period	8523	1.019.554,70
Uncalled amounts at the end of the period	8553P	xxxxxxxxxxxx	3.759,33
Movements during the period(+)/(-)	8543	-2.369,89
Uncalled amounts at the end of the period	8553	1.389,44
NET BOOK VALUE AT THE END OF THE PERIOD	(284)	1.351.772,58
OTHER COMPANIES - AMOUNTS RECEIVABLE
NET BOOK VALUE AT THE END OF THE PERIOD	285/8P	xxxxxxxxxxxx	89.361,78
Movements during the period
Appropriations	8583	10.000,00
Repayments	8593
Amounts written down	8603
Amounts written back	8613
Exchange differences(+)/(-)	8623	725,14
Other movements(+)/(-)	8633
NET BOOK VALUE AT THE END OF THE PERIOD	(285/8)	100.086,92
ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS
RECEIVABLE AT END OF THE PERIOD	8653

{24}------------------------------------------------

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 hel	d		Data ex	tracted f	rom the most recent a	annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY	Direct		ly	Subs- idiaries	Annual Cur-																							1	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency	(+) c (in u
Umicore France FC RUE REAUMUR 9 75003 PARIS France 10342965001		1,520,000	400.00		31/12/2019	EUR	41.203.694	-2.041.321
Umicore USA FC Orange Street 1209 19801 Wilmington United States of America	Shares	1.520.000	100,00	0,00	31/12/2019	USD	300.931.245	-1.698.218
Umicore MS Taiwan FC Keelung Road Sec 2 -16F-2 189 Taipei Taiwan	Shares	575	100,00	0,00	31/12/2019	TWD	11.996.715	3.529.696
Umicore Korea Limited FC Gongdan 2-Ro,Seobuk-Gu 71.3 331-200 Cheonan City - chungnam South Korea	Shares	500.000	100,00	0,00	31/12/2019	KRW	602.436.716.027	-22.853.836.238
Umicore Holdings Philippines FC Sitio malinta Asinan Proper 1044 Subic - Zambales Philippines	Shares	11.163.424	47,03	52,97	31/12/2018	РНР	155.417.109	-79.721
Umicore Holding 1 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany	Shares	1.536.562	99,99	0,01	31/12/2019	EUR	293.254.530	15.381.680
Umicore Holding 2 Germany Gmbh FC Rodenbacker chaussee 4 63457 Hanau - Wolfgang Germany	Shares	90.025.000	100,00	0,00	31/12/2019	EUR	32.937.172	1.676.170
	Shares	10.025.000	100,00	0,00

{25}------------------------------------------------

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED		Rights hel	d		Data ex	Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Nature	Direct	tly	Subs- idiaries					accounts Ironay		Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency code	(+) c (in u
Umicore International NV Rue Bommel 5 4940 Bascharage Luxembourg					31/12/2019	EUR	1.962.884.312	283.412.729
Umicore MS Australia PTY LTD FC WALHALLA WAY 10 3023 RAVENHALL - VICTORIA Australia	Shares	11.766.000	100,00	0,00	31/12/2019	AUD	-55.285	22.169
Umicore Specialty Materials Brugge NV Kleine Pathoekeweg 82 8000 Brugge Belgium	Shares	2.000.100	100,00	0,00	31/12/2019	EUR	3.220.409	3.772.536
Umicore Argentina FC Avenida Roque Sáenz Pena 651 8° piso Oficina 139, Buenos Aires Argentina	ordinary shares	21.499	99,99	0,01	31/12/2019	ARS	538.775.141	196.358.344
1.603.638 Industrias Electro Quimicas SA FC Avenida Elmer Faucett 1920 Callao 1 Peru	Shares	9.788.068	98,03	1,97	31/12/2019	USD	37.623.000	251.000
UMICORE AUTOCAT CANADA CORP. FC MAINWAY DRIVE 4261 L7L5N9 BURLINGTON - ONTARIO Canada	Shares	18.464.806	40,00	0,00	31/12/2019	CAD	217.121.668	-163.001
UMICORE POLAND sp zoo FC ul Powstancow Slaskich 2-4 , box XI p 53-333 Wroclaw Poland	Shares	176.700.001	100,00	0,00	31/12/2019	PLN	552.569.826	811.109
	Shares	27.044.000	100,00	0,00

{26}------------------------------------------------

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED		Rights hel	d		Data ext	Data extracted from the most recent annual accounts
OFFICE and, for an entity governed by Belgian law, the COMPANY		I )iroctiv		Subs- idiaries	Annual	Cur-	Equity	Net result
REGISTRATION NUMBER	Nature	Number	%	%	accounts as per	rency code	(+) c (in u
UMICORE HOLDING BELGIUM PLLC Rue du marais 31 1000 Brussel-Stad Belgium 0731.571.921	Shares	100	100,00	0,00		EUR	0	0

{27}------------------------------------------------

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
PROFIT ON HEDGING FOR METALS
OTHER DEFERRED CHARGES
DEFERRED INTEREST CHARGES

11.201.996,96 11.446.113,26 8.993.499,82 20.359.696,73

Period

{28}------------------------------------------------

°. 0401.574.852 C-c 6.7
-------------------------

STATEMENT OF CAPITAL AND SHAREHOLDERS' STURCTURE

STATEMENT OF CAPITAL

Capital

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

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

Modifications during the period

Composition of the capital Share types

ORDINARY SHARES

Registered shares ....................................

	Codes	Period	Number of shares
ı
ı
		550.000.000,00	246.400.000
	8702	XXXXXXXXXXXXXX	50.345.867
	8703	XXXXXXXXXXXXXX	196.054.133
l

Unpaid capital

Uncalled capital ....................................

Shareholders that still need to pay up in full

Codes	Uncalled amount	Called up amount, unpaid
(101) 8712	xxxxxxxxxxxxx	xxxxxxxxxxxx

	Codes	Period
Own shares
Held by the company itself
Amount of capital held	8721	12.798.404,02
Number of shares	8722	5.733.685
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

{29}------------------------------------------------

0401.574.852	C-c 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

{30}------------------------------------------------

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.	4,95%	12 193 030
Baillie Gifford & Co and Baillie Gifford Overseas Ltd	6,46%	15 918 969
Groupe Bruxelles Lambert, family Trust Desmarais, Albert Frère and LTI Two S.A.	18,62%	45 871 052
Others	67,65%	166 683 264
Own shares held by Umicore	2,33%	5 733 685
	100,00%	246 400 000

{31}------------------------------------------------

PROVISIONS FOR OTHER LIABILITIES AND CHARGES

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

SUNDRY LITIGATIONS AND SUNDRY RISKS 11.401.384,10 PREMIUM 25 & 35 YEARS SERVICE 3.473.142,90

Period

{32}------------------------------------------------

0401.574.852 C-c 6.9

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

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
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
Current portion of amounts payable after more than one year falling due within one year 8801 Financial debts 8811 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
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
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
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
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
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
Other loans 8851 Trade debts 8861 Suppliers 8871 Bills of exchange payable 8881 Advance payments on contracts in progress 8891 Other amounts payable 8901
Trade debts 8861 Suppliers 8871 Bills of exchange payable 8881 Advance payments on contracts in progress 8891 Other amounts payable 8901
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Other amounts payable
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	032,83
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations	2,83
Credit institutions 8842 287.000.000	0,00
Other loans	0,00
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Other amounts payable
Total amounts payable with a remaining term of more than one year, yet less than 5 years 8912 787.74	43.032,83
Amounts payable with a remaining term of more than 5 years
Financial debts	574,11
Subordinated loans
Unsubordinated debentures
Leasing and other similar obligations	4,11
Credit institutions	0,00
Other loans
Trade debts
Suppliers
Bills of exchange payable
Advance payments on contracts in progress
Other amounts payable
Amounts payable with a remaining term of more than 5 years	85.574,11

{33}------------------------------------------------

	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	9061
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	9062
	Codes	Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (headings 450/3 and 178/9 of liabilities)
Outstanding tax debts	9072
Accruing taxes payable	9073	6.040.336,69
Estimated taxes payable	450	6.238.645,00
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	60.258.404,92

{34}------------------------------------------------

ACCRUALS AND DEFERRED INCOME

Allocation of heading 492/3 of liabilities if the amount is significant

OTHER ACCRUED CHARGES 1.453.129,78 LOSS ON MARKING TO MARKET OF CURRENCY & METAL COMMITMENTS 14.150.516,61 DEFERRED INCOME 17.662.745,27

TREATMENT CHARGES 37.454.793,66

Period

ACCRUED INTEREST EXPENSES 7.287.082,67

{35}------------------------------------------------

OPERATING RESULTS

	Codes	Period	Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
Allocation by geographical market
Other operating income
Operating subsidies and compensatory amounts received from public authorities	740	5.614.368,75	1.660.470,57
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	3.103	3.139
Average number of employees calculated in full-time equivalents	9087	3.025,1	3.001,9
Number of actual hours worked	9088	5.230.134	5.224.531
Personnel costs
Remuneration and direct social benefits	620	202.921.340,16	192.601.862,72
Employers' contribution for social security	621	64.230.698,30	63.435.829,54
Employers' premiums for extra statutory insurance	622	14.417.247,58	29.747.438,70
Other personnel costs	623	13.619.383,89	10.770.694,68
Retirement and survivors' pensions	624	902.734,72	1.251.522,56

{36}------------------------------------------------

	Codes	Period	Preceding period
Provisions for pensions and similar obligations
Appropriations (uses and write-backs) (+)/(-)	635	26.925.389,91	4.008.145,77
Depreciations
On stock and contracts in progress
Recorded	9110	2.433.296,88	408.263,41
Written back	9111		3.595.258,97
On trade debtors
Recorded	9112
Written back	9113
Provisions for liabilities and charges
Appropriations	9115	48.560.755,44	56.783.315,59
Uses and write-backs	9116	25.288.269,64	59.233.869,21
Other operating charges
Taxes related to operation	640	5.385.891,78	5.611.833,28
Other	641/8	7.478.908,47	1.832.231,00
Hired temporary staff and personnel placed at the company's disposal
Total number at the closing date	9096	3	13
Average number calculated in full-time equivalents	9097	5,0	9,7
Number of actual hours worked	9098	9.960	31.249
Costs to the company	617	483.000,47	955.822,06

{37}------------------------------------------------

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	4.292.038,02	3.326.796,99
Interest subsidies	9126
Allocation of other financial income
Exchange differences realized	754
Other
Exchange variances and differences		35.319.106,68	5.519.136,67
Sundry financial income		81.529,52	94.139,11
Financ.customers and int. for late payment			182,77
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	4.911.165,98	214.229,66
Provisions of a financial nature
Appropriations	6560	1.299.519,45	724.112,00
Uses and write-backs	6561
Allocation of other financial costs
Exchange differences realized	654
Results from the conversion of foreign currencies	655
Other
Exchange variances and differences		47.761.395,84	14.562.600,54
Sundry financial costs		4.076.333,40	2.505.920,97

{38}------------------------------------------------

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY

	Codes	Period	Preceding period
New Proupping Magne	70	45 007 400 50	4 005 745 40
NON-RECURRING INCOME	76	45.297.426,59	4.865.745,16
Non-recurring operating income	(76A)	45.198.568,59	2.812.500,00
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	2.812.500,00
Non-recurring financial income	(76B)	98.858,00	2.053.245,16
Write-back of amounts written down financial fixed assets	761
Write-back of provisions for extraordinary financial liabilities and charges	7621
Capital profits on disposal of financial fixed assets	7631	98.858,00	2.053.245,16
Other non-recurring financial income	769
NON-RECURRING CHARGES	66	129.327.801,25	45.238.452,35
Non-recurring operating charges	(66A)	128.794.778,62	45.181.114,00
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	57.488.090,65
Capital losses on disposal of intangible and tangible fixed assets	6630
Other non-recurring operating charges	664/7	33.748.490,00	45.181.114,00
Non-recurring operating charges carried to assets as restructuring costs(-)	6690
Non-recurring financial charges	(66B)	533.022,63	57.338,35
Amounts written off financial fixed assets	661	533.022,63	9.110,72
Provisions for extraordinary financial liabilities and charges - appropriations (uses)(+)/(-)	6621
Capital losses on disposal of financial fixed assets	6631		48.227,63
Other non-recurring financial charges	668
Non-recurring financial charges carried to assets as restructuring costs	6691

{39}------------------------------------------------

TAXES

	Codes	Period
INCOME TAXES
Income taxes on the result of the period	9134	8.602.848,30
Income taxes paid and withholding taxes due or paid	9135	8.602.848,30
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		141.405.805,61
NON DEDUCTIBLE ITEMS		10.322.162,43
ALREADY TAXED ITEMS		-141.191.205,60
GAIN ON SHARES & OTHER EXEMPT INCOME		-4.292.038,02
DEDUCTION FOR PATENTS		-69.193.093,20
WITHOLDING DEDUCTIONS		2.364.202,43
INVESTMENTS DEDUCTIONS		-1.155.782,89

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

Codes	Period
9141 9142	295.989.930,99

Period

Sources of deferred taxes
Deferred taxes representing assets	9141	295.989.930,99
Accumulated tax losses deductible from future taxable profits	9142
Other deferred taxes representing assets
TAXABLE PROVISIONS & HIDDEN RESERVES		285.758.541,56
R&D TAX CREDIT		5.608.257,86
INVESTMENTS DEDUCTIONS		4.623.131,56
Deferred taxes representing liabilities	9144	150.153.867,35
Allocation of deferred taxes representing liabilities
TAX FREE RESERVES		150.153.867,35

Codes	Period
9141 9142	295.989.930,99

{40}------------------------------------------------

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	237.809.577,25	221.726.578,98
9146	205.025.001,44	186.849.178,72
9147	42.915.144,85	42.763.582,94
9148	13.884.664,39	42.784.040,49

{41}------------------------------------------------

	0401.574.852
--	--------------

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

{42}------------------------------------------------

0401.574.852

	Codes	Period
Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of third parties
Mortgages
Book value of the immovable properties mortgaged	91612
Amount of registration	91622
For irrevocable mortgage mandates, the amount for which the agent can take registration	91632
Pledging of goodwill
Maximum amount up to which the debt is secured and which is the subject of registration	91712
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription	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)	9213	66.357.425,00
Goods sold (to be delivered)	9214	97.315.917,00
Currencies purchased (to be received)	9215	2.577.319.131,38
Currencies sold (to be delivered)	9216	2.576.847.977,19

Period

{43}------------------------------------------------

N°. 0401.574.852	C-c 6.14
	Period
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS
LEASE-OUT METALS	368.984.656,29
METALS OWNED BY PARTIES FOR TOLLING	1.688.568.129,00
LEASE-IN METALS	343.644.145,43
METALS OWNED BY UMICORE FOR TOLLING	916.640.201,00
BANK GUARANTEES	7.495.868,00
PERSONAL GUARANTEES GIVEN	28.479.560,00
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
	Period
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	Period
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
	Period
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those that
cannot be calculated)

{44}------------------------------------------------

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

	Codes	Period	Preceding period
AFFILIATED COMPANIES
Financial fixed assets	(280/1)	2.604.897.582,19	2.294.944.408,03
Participating interests	(280)	2.604.897.582,19	2.294.944.408,03
Subordinated amounts receivable	9271
Other amounts receivable	9281
Amounts receivable	9291	980.232.064,05	845.184.131,82
Over one year	9301	476.214.351,64	449.355.738,20
Within one year	9311	504.017.712,41	395.828.393,62
Current investments	9321	81.474.561,85
Shares	9331
Amounts receivable	9341	81.474.561,85
Amounts payable	9351	124.285.173,73	667.228.885,14
Over one year	9361
Within one year	9371	124.285.173,73	667.228.885,14
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	141.191.207,33	228.866.401,72
Income from current assets	9431	20.459.369,36	19.438.630,87
Other financial income	9441
Debt charges	9461	5.481.199,47	7.010.931,17
Other financial charges	9471
Disposal of fixed assets
Capital profits realised	9481
Capital losses realised	9491

{45}------------------------------------------------

N°.	0401.574.852		C-c 6.15
-----	--------------	--	----------

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

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

Nihil

Period

{46}------------------------------------------------

0401.574.852	C-c 6.16
1 0401.574.652	U-U 0.10

Codes

Period

FINANCIAL RELATIONSHIPS WITH

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	481.253,00
Fees for exceptional services or special assignments executed within the company by the auditor
Other audit assignments	95061	55.394,00
Tax consultancy assignments	95062
Other assignments beyondthe audit	95063	191.293,00
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	605.023,00
Other assignments beyondthe audit	95083

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

{47}------------------------------------------------

N°.	0401.574.852		C-c 6.18.1
-----	--------------	--	------------

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.

{48}------------------------------------------------

SOCIAL BALANCE SHEET

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	2.693,3	2.358,0	335,3
Part-time	1002	426,0	265,8	160,2
Total in full-time equivalents (FTE)	1003	3.025,1	2.566,0	459,1
Number of actual hours worked
Full-time	1011	4.664.093	4.025.473	638.620
Part-time	1012	566.041	332.191	233.850
Total	1013	5.230.134	4.357.664	872.470
Personnel costs
Full-time	1021	265.470.045,37	229.663.390,66	35.806.654,71
Part-time	1022	29.718.624,56	17.893.233,02	11.825.391,54
Total	1023	295.188.669,93	247.556.623,68	47.632.046,25
Benefits in addition to wages	1033

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

Average number of employees in FTE
Number of actual hours worked	1013
Personnel costs	1023
Benefits in addition to wages	1033

Codes	P. Total	1P. Men	2P. Women
1003	3.001,9	2.555,3	446,6
1013	5.224.531	4.381.987	842.544
1023	296.555.825,64	250.084.633,26	46.471.192,38

{49}------------------------------------------------

l C-
------

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	Total in full-time equivalents
At the closing date of the period				oquivalonio
Number of employees	105	2.672	431	3.010,1
By nature of the employment contract
Contract for an indefinite period	110	2.660	431	2.998,1
Contract for a definite period	111	12		12,0
Contract for the execution of a specifically assigned work	112
Replacement contract	113
According to gender and study level
Men	120	2.328	272	2.543,6
primary education	1200	376	59	422,4
secondary education	1201	1.261	151	1.380,5
higher non-university education	1202	273	47	310,2
university education	1203	418	15	430,5
Women	121	344	159	466,5
primary education	1210	6	4	9,2
secondary education	1211	50	28	71,6
higher non-university education	1212	123	88	189,9
university education	1213	165	39	195,8
By professional category
Management staff	130	508	43	543,1
Salaried employees	134	836	224	1.009,5
Hourly employees	132	1.328	164	1.457,5
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	Hired temporary staff	Hired temporary staff and personnel placed at the company's disposal
150	5,0
151	9.960
152	483.000,47

{50}------------------------------------------------

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD

ENTRIES	Codes	1. Full-time	2. Part-time	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	128	4	131,1
By nature of the employment contract
Contract for an indefinite period	210	120	4	123,1
Contract for a definite period	211	8		8,0
Contract for the execution of a specifically assigned work	212
Replacement contract	213

DEPARTURES	Codes	1. Full-time	2. Part-time	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		126	42	156,9
By nature of the employment contract
Contract for an indefinite period		124	42	154,9
Contract for a definite period		2		2,0
Contract for the execution of a specifically assigned work .
Replacement contract
By reason of termination of contract
Retirement		30	11	37,3
Unemployment with extra allowance from enterprise		10	20	25,4
Dismissal		29	1	29,8
Other reason		57	10	64,4
Of which: the number of persons who continue to render services to the company at least half-time on a self-employment basis	350

{51}------------------------------------------------

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD

Total of initiatives of formal professional training at the expense of the employer	Codes	Men	Codes	Women
Number of employees involved	5801	2.798	5811	473
Number of actual training hours	5802	23.650	5812	3.786
Net costs for the company	5803	2.387.490,14	5813	385.132,41
of which gross costs directly linked to training	58031	2.390.014,67	58131	382.671,75
of which contributions paid and payments to collective funds	58032	151.489,88	58132	27.118,88
of which grants and other financial advantages received (to deduct)	58033	154.014,41	58133	24.658,22
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved	5821	1.458	5831	486
Number of actual training hours	5822	68.803	5832	13.368
Net costs for the company	5823	2.408.109,90	5833	467.880,70
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