BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

4. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Share- holders’

Addi- onnal paid in capital

Actuarial differences recognized in equity

Non- control- ling interests

Accu- mulated profits

Trans- lation reserve

Cash flow hedge derivatives

equity Group share

Share- holders’ equity

Share capital

Notes

(in thousand euros)

At January 1, 2017 published

178,333 1,644,117

- (83,085)

62,182 (8,933) 1,792,615

- 1,792,615

IFRS 15 adjustment

-

(934)

- - - - - -

-

-

-

-

-

(934)

At January 1, 2017 restated

178,333 1,643,182

(83,085)

62,182 (8,933)

1,791,681

- 1,791,681

Dividends paid

CF, 20

-

(161,045)

- - - - -

- - - - -

- - - - -

(161,045)

- - - - -

(161,045)

Decrease in share capital Increase in share capital

(3,804)

(93,334)

(97,138)

(97,138)

281 331

3,634

3,915

3,915

Treasury shares

391

722

722

Recognition of share-based payments

CF, 22

-

-

7,851

7,851

7,851

Other movements

-

(111)

-

-

-

-

(111)

-

(111)

Total transactions with shareholders Net income for the period* Other comprehensive income IFRS 9 – Hedge accounting restatement** Total comprehensive income IFRS 9 adjustment –Financial assets depreciation Hyperinflation impact in Argentina on the opening*** At January 1, 2018 restated December 31, 2017 Recognition of share-based payments Hyperinflation impact in Argentina*** Total transactions with Shareholders Net income for the period Other comprehensive income Total comprehensive income Other Dividends paid Decrease in share capital  (a) Increase in share capital  (b) Treasury shares

(3,193)

(242,615)

-

-

-

- (245,807)

- (245,807)

- - -

287,341

-

-

-

-

287,341

- - -

287,341

11,245

(16,302)

(147,879)

21,892 (131,044)

(131,044)

2,136

-

-

-

(2,136)

-

-

-

300,722

-

(16,302)

(147,879) (85,697)

19,756 156,297 10,823 1,702,170

-

156,297

175,141 1,693,439 7,851 (99,387)

- 1,702,170

-

(3,583)

-

-

-

-

(3,583)

-

(3,583)

-

3,239

-

-

-

-

3,239

-

3,239

175,141 1,693,095 7,851 (99,387)

(85,697)

10,823 1,701,826

- 1,701,826

CF, 20

-

(157,762)

- - - -

- - - - -

- - - - -

- - - - -

(157,762)

- - - - -

(157,762)

(2,626)

(51,399)

(54,025)

(54,025)

261 493

4,096

4,357

4,357

(930)

(437)

(437)

CF, 22

-

-

8,404

8,404

8,404

-

4,999

-

-

-

-

4,999

-

4,999

-

-

(2)

-

(2)

(4)

(8)

-

(8)

(194,472 )

(194,472)

(1,871)

(200,998)

8,404

-

(2)

(4)

-

- - -

173,350

- - -

-

-

-

173,350 (42,578) 130,772

- - -

173,350 (42,578) 130,772

1,394

4,439 (33,244) 4,439 (33,244)

(15,166)

174,744

(15,166)

December 31, 2018

173,269 1,666,841 16,255 (94,948) (118,943)

(4,347) 1,638,126

- 1,638,126

687,396 shares were cancelled during 2018. (a) Following the exercise of stock options, the share capital was increased by 68,396 shares. (b) see consolidated cash flow statement. CF: Restated for IFRS 15 – Revenue from contracts with customers. * Restated for IFRS 9 for the time value of option (73 thousand euros) and forward contracts (-3,416 thousand euros). ** Impact of the application of IAS 29 (See Note 1). ***

193

• BIC GROUP - 2018 REGISTRATION DOCUMENT •