Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 112 4.1 Consolidated financial statements and notes to the consolidated financial statements Note 17. Subsequent events Note 16.3. Compensation and benefits granted to members of the Executive Committee and Board of Directors Compensation paid Year ended December 31 (in € millions) 2019 2020 Compensation paid to corporate officers and members of the Executive Committee (a) 10.8 14.7 Attendance fees paid to Directors 0.8 0.9 Total 11.6 15.6 Carrying amount of shares subject to performance conditions granted during the year (b) 6.8 6.6 (a) Annual and multi-year fixed and variable compensation (gross amount excluding employer contributions), of which the variable portion totaled €8.1 million in 2020 (€5.7 million in 2019). (b) The carrying amount represents the full estimated value as of the grant date in accordance with IFRS 2 on the assumption that the performance conditions have been satisfied. Danone’s commitment to the corporate officers and Executive Committee members with respect to their retirement plans The amount of provisions for the defined benefit retirement plan represented Danone’s commitment as of December 31, 2020, in accordance with IFRS, i.e. a total of €34 million for Executive Committee members. Indeed, as regards Mr. Emmanuel FABER, he does not benefit from this defined-benefit retirement plant since he waived it in 2019. Loans and guarantees In 2020, as in 2019, no loan or guarantee was granted or established by the Company or its subsidiaries on behalf of Executive Committee members. NOTE 17. SUBSEQUENT EVENTS On February 19, 2021 Danone announced it has entered into an agreement to acquire 100% of the shares of Follow Your Heart, a pioneering leader in plant-based foods in the USA. On February 28, 2021, Danone announced, it has reached an agree- ment with COFCO Dairy Investments Limited, to convert, as a first step to disposal, Danone’s stake in China Mengniu Dairy Company Limited, currently held indirectly, into a direct holding. To the Company’s knowledge, no material events occurred after the approval date of the 2020 consolidated financial statements (approved by the Board of Directors on February 18, 2021). NOTE 18. FEES TO THE STATUTORY AUDITORS AND MEMBERS OF THEIR NETWORKS PricewaterhouseCoopers Ernst & Young Audit (in € millions, except percentage) 2019 2020 2019 2020 Statutory audit: certification of the individual and consolidated financial statements 4.6 68% 4.2 76% 5.2 77% 5.2 90% Services other than the certification of the financial statements 2.2 32% 1.3 24% 1.6 23% 0.6 10% Total (a) 6.7 100% 5.6 100% 6.8 100% 5.8 100% (a) Fees invoiced in foreign currencies have been translated into euros on the basis of the annual average exchange rates used by Danone. In 2020, the fees of the Statutory auditors of the parent company and its French subsidiaries in respect of the certification or limited review of the individual and consolidated financial statements totaled €2.6 million (€2.6 million in 2019), of which €1.1 million for PricewaterhouseCoopers Audit (€1.2 million in 2019) and €1.4 million for Ernst & Young Audit (€1.4 million in 2019). The fees for services other than the certification of the financial statements for the year ended December 31, 2020 totaled €0.6 million (€2.1 million in 2019), of which €0.4 million for PricewaterhouseCoopers Audit (€0.7 million in 2019) and €0.2 million for Ernst & Young Audit (€1.5 million in 2019) and included in particular fees for due diligence, and for the independent third party report on the extra-financial performance statement. The fees of the Statutory auditors’ networks for services other than the certification of the financial statements to certain foreign subsidiaries of Danone totaled €1.4 million (€1.6 million in 2019), of which €1.0million for PricewaterhouseCoopers Audit (€1.5million in 2019) and €0.3 million for Ernst & Young Audit (€0.2 million in 2019) and included in particular assistance for logistic transformation projects and fees for tax services related notably to the review of technical documentation or the technical analysis of tax positions adopted by certain foreign subsidiaries.