BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

2. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Notes December 31, 2017*

December 31, 2018

(in thousand euros)

GROUP NET INCOME*

A

287,341

173,350

OTHER COMPREHENSIVE INCOME Actuarial differences on post-employment benefits not recyclable to the income statement  (a) Deferred tax on actuarial differences on post-employment benefits Total actuarial differences not recyclable to the income statement – Net of tax

14,389

5,823

7-2

(30,691)

(1,384)

B

(16,302)

4,439

Gain/(Loss) on cash flow hedge

33,252

(23,344) (33,244)

Exchange differences arising on translation of overseas operations*  (b)

(147,879)

Equity instruments at fair value

5

(3)

Deferred tax and current tax recognized on other comprehensive income Other comprehensive income recyclable to the income statement – Net of tax

7-2

(120)

9,575

C

(114,742)

(47,017)

TOTAL COMPREHENSIVE INCOME

D=A+B+C

156,298

130,772

Attributable to: BIC Group •

156,298

130,772

Non-controlling interests •

-

-

TOTAL

156,298

130,772

Restated for IFRS 15 – Revenue from Contracts with Customers. * The impact of actuarial differences is mainly due to U.S. plans. (a) The main items impacting the translation reserve variance for the period, by currency, are as follows: Brazilian real -22.7 million euros, U.S. dollar +16.9 million euros, Indian (b) rupee -8.8 million euros, Argentinian peso -6.6 million euros and Mexican peso +5.4 million euros.

190

• BIC GROUP - 2018 REGISTRATION DOCUMENT •