351 Life Is On | Schneider Electric www.se.com Financial Statements 5. Chapter 5 – Consolidated financial statements at December 31, 2021 COVID-19 pandemic Impact of the COVID-19 on the Group’s activities The COVID-19 pandemic and the actions taken by governments in response to its spread have resulted in disruptions to the Group’s business operations, and supply chain in the course of 2020. Fiscal year 2021 saw a return to growth in business activity, in a context of continued global supply chain pressures. Risks and uncertainties The Group demonstrated the agility and resilience of its global supply chain while coordinating and regionally managing supply chain organization to maintain quick decision making and flexibility in 2021. Balance sheet positions The Group working capital was assessed with the same accounting policies, principles and methodologies used for the full year 2020 consolidated financial statements. There was no material impairment booked in the income statement as at December 31, 2021. Impairment of assets The Group performed the annual impairment test of all the Cash Generating Units (CGUs) using the same methodology as the one used on previous periods, and described in Note 1.11. Following the performance of these tests, the Group concluded that there was no risk of impairment at December 31, 2021.