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Amrest Holdings SE 24 FEBRUARY 2021

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Amrest Holdings SE 24 FEBRUARY 2021 Consolidated Financial Statements for the year ended 31 December 2020 AmRest Holdings SE 24 FEBRUARY 2021 This document has been prepared for convenience purposes only. AmRest Group's consolidated annual report has been prepared in XHTML format. Consolidated income statement for the year ended 31 December 2020 .................................................................................... 5 Consolidated statement of comprehensive income for the year ended 31 December 2020 ................................................... 6 Consolidated statement of financial position at 31 December 2020 ........................................................................................... 7 Consolidated statement of cash flows for the year ended 31 December 2020 ......................................................................... 8 Consolidated statement of changes in equity for the year ended 31 December 2020 .............................................................. 9 Notes to the Consolidated Financial Statements ......................................................................................................................... 10 1. General information on AmRest Group ............................................................................................................................... 10 2. Group Structure ...................................................................................................................................................................... 13 3. Basis of preparation ............................................................................................................................................................... 15 4. Use of judgements and estimates ........................................................................................................................................ 17 5. Segment reporting .................................................................................................................................................................. 20 6. Business combinations .......................................................................................................................................................... 22 7. Revenues ................................................................................................................................................................................. 22 8. Operating costs and losses .................................................................................................................................................... 23 9. Other operating income/expenses ....................................................................................................................................... 26 10. Impairment losses ................................................................................................................................................................ 26 11. Finance income ..................................................................................................................................................................... 26 12. Finance costs ......................................................................................................................................................................... 26 13. Income taxes ......................................................................................................................................................................... 27 14. Property, plant and equipment ........................................................................................................................................... 29 15. Leases .................................................................................................................................................................................... 30 16. Intangible assets ................................................................................................................................................................... 32 17. Goodwill ................................................................................................................................................................................. 33 18. Impairment of non-current assets ...................................................................................................................................... 34 19. Financial assets measured at fair value ............................................................................................................................. 41 20. Other non-current assets .................................................................................................................................................... 41 21. Inventories............................................................................................................................................................................. 42 22. Trade and other receivables ................................................................................................................................................ 42 23. Other current assets ............................................................................................................................................................ 42 24. Cash and cash equivalents .................................................................................................................................................. 42 25. Equity ..................................................................................................................................................................................... 43 26. Dividends paid and received ............................................................................................................................................... 47 27. Non-controlling interests ..................................................................................................................................................... 48 28. Earnings per share................................................................................................................................................................ 50 29. Borrowings ............................................................................................................................................................................ 50 30. Collateral on borrowings ..................................................................................................................................................... 53 31. Employee benefits and share based payments ................................................................................................................ 53 32. Provisions .............................................................................................................................................................................. 57 33. Tax risks and uncertain tax positions ................................................................................................................................. 58 34. Trade and other accounts payables ................................................................................................................................... 61 35. Future commitments and contingent liabilities ................................................................................................................ 62 36. Transactions with related entities ....................................................................................................................................... 62 37. Financial instruments ........................................................................................................................................................... 63 38. Audit fees ............................................................................................................................................................................... 67 39. Events after the reporting period ....................................................................................................................................... 67 40. Significant accounting policies ............................................................................................................................................ 67 a. Basis of consolidation ....................................................................................................................................................... 67 b. Foreign currency ................................................................................................................................................................ 69 c. Non-current assets held for sale and discontinued operations .................................................................................... 69 d. Revenues ............................................................................................................................................................................ 70 e. Government grants ........................................................................................................................................................... 71 f. Income tax ........................................................................................................................................................................... 71 g. Leases ................................................................................................................................................................................
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