Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 134 4.2 Financial statements of Danone SA, the parent company Note 19. Workforce Commitments received Commitments received by the Company concerned €3 billion in available committed credit facilities as of December 31, 2020. Other commitments The Company and certain of its subsidiaries are parties to a va- riety of legal and arbitration proceedings arising in the ordinary course of business. Some of these proceedings involve claims for damages, and liabilities are booked when a loss is probable and can be reliably estimated. In the context of exemptions from the preparation, certification and/or publication of the corporate financial statements of certain of its subsidiaries, the Company has granted comfort letters and guarantees in respect of the commitments made by the latter. NOTE 19. WORKFORCE Average number of Company employees during the year Year ended December 31 (in number, except percentage) 2019 2020 Executives and managers 768 84% 826 83% Supervisors and technicians 109 12% 106 11% Clerical staff 42 5% 58 6% Total 919 100% 990 100% NOTE 20. RELATED PARTY TRANSACTIONS The main related parties are the associated companies and the members of the Executive Committee and of the Board of Directors. Transactions with associated companies are generally carried out at arm’s length. They mainly involve management fees paid to Danone, services and financing. Details of the compensation paid to the members of the Executive Committee and of the Board of Directors are provided in Note 4 of the Notes to the financial statements of the parent company Danone. Details of Danone’s commitments to the corporate officers and Executive Committee members with respect to the retirement plan are provided in Note 17 of the Notes to the financial statements of the parent company Danone. The related party agreements are described in section 6.6 Related party agreements and commitments . NOTE 21. SUMMARY OF SHARES HELD IN PORTFOLIO Securities of subsidiaries and associates As of December 31 (in € millions) 2019 2020 Gross amounts 28,801 28,809 Provisions for impairment (111) (111) Carrying amount 28,690 28,697