Statutory financial statements of Givaudan SA (Group Holding Compa ny) Statement of Financial Position in millions of Swiss francs Note 31 December 2021 31 December 2020 Cash and cash equivalents 9 10 Marketable securities 188 106 Accounts receivable from Group companies 169 180 Other current assets 68 52 Accrued income and prepaid expenses 1 2 Current assets 435 350 Loans to Group companies 400 150 Other long-term assets 72 75 Investments in Group companies 3 6,189 5,991 Interests in joint ventures and investments in associates 4 27 31 Other financial assets 14 13 Property, plant and equipment 2 2 Intangible assets 353 210 Non-current assets 7, 0 5 7 6,472 Total assets 7,492 6,822 Short-term debt 5 437 468 Accounts payable to Group companies 156 106 Other current liabilities 130 133 Deferred income and accrued expenses 155 85 Current liabilities 878 792 Long-term debt 5 2,551 2,524 Loans from Group companies 1,088 1,092 Other non-current liabilities 62 103 Non-current liabilities 3,701 3,719 Total liabilities 4,579 4,511 Share capital 7 92 92 Statutory retained earnings 7 18 18 Statutory capital reserves from capital contributions - additional paid-in capital 7 3 3 Voluntary retained earnings 7 1,542 1,542 Own shares 7, 8 (34) (35) Available retained earnings - Balance brought forward from previous year 102 92 - Net income for the year 1,190 599 Equity 2,913 2,311 Total liabilities and equity 7,492 6,822 Income Statement For the year ended 31 December in millions of Swiss francs Note 2021 2020 Income from investments in Group companies 739 232 Royalties from Group companies 1,172 1,040 Other operating income 1 1 Share of results of joint ventures and associates 4 1 Total Operating income 1,912 1 , 274 Research and development expenses to Group companies (359) (325) Personnel expenses (2) (2) Other operating expenses (62) (66) Depreciation of property, plant and equipment – – Amortisation and impairment of intangible assets (64) (61) Share of results of joint ventures and associates 4 (3) Total Operating expenses (490) (454) Operating income 1,422 820 Financial expenses (249) (385) Financial income 158 290 Non-operating expenses (90) (88) Income before taxes 1,241 637 Income taxes (51) (38) Net income 1,190 599 107 Givaudan — 2021 Governance, Compensation and Financial Report Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix