Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 128 4.2 Financial statements of Danone SA, the parent company Note 10. Short-term loans and receivables NOTE 10. SHORT-TERM LOANS AND RECEIVABLES As of December 31, 2020, this balance sheet item comprised mainly €301 million of loans and receivables due to the Company within less than one year, including tax receivables totaling €92 million, accounts receivable totaling €49 million, derivative instruments totaling €91 million and other receivables totaling €69 million. NOTE 11. MARKETABLE SECURITIES Carrying amount and changes during the period As of December 31, 2019 Changes during the period As of December 31, 2020 (in € millions) Increase Decrease (delivery) Reallocation Reclassification DANONE shares hedging Group performance shares (a) 25 (16) 9 Short-term investment − − SICAV Danone Communities (b) 13 13 Total 38 − (16) − − 22 (a) Portion of DANONE treasury shares recognized as Marketable securities (see Note 1 of the Notes to the financial statements of the parent company Danone). (b) Danone Communities is a mutual fund (French SICAV) aimed at financing social projects through an investment vehicle that generates a return comparable to the money market rate. NOTE 12. EQUITY Carrying amount and changes during the period (in € millions) As of December 31, 2019 Changes during the period As of December 31, 2020 Before allocation After allocation (b) Net income Capital decrease Capital increase (c) Other changes Before allocation Share Capital 172 172 − − 172 In number of shares (a) 686,120,806 686,120,806 − 508,794 686,629,600 Share premium 5,659 5,659 − 29 5,689 Legal reserve 25 25 − 25 Other reserves 3,769 3,769 − 3,769 Retained earnings 2,850 1,945 − 1,945 Net income for the year 471 − 1,931 1,931 Regulated provisions 21 21 − − 21 Total 12,967 11,591 1,931 − 29 − 13,552 (a) Ordinary shares with a par value of €0.25. (b) Following shareholder approval at the Shareholders’ Meeting of June 26, 2020, €1,441 million of the amount available for allocation of net income from the year ended December 31, 2019 was allocated to the dividend, and the remainder to retained earnings. This amount included €66 million in respect of treasury shares held by Danone. (c) Issues totaling €0.1 million carried out on July 22, 2020 under the terms of the Company Savings Plan. This issue generated a share premium of €29 million.