BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

6. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

General

NOTE 18

PENSION AND OTHER EMPLOYEE BENEFITS

220

Plan characteristics 18-1

220

NOTE 1

MAIN RULES AND ACCOUNTING POLICIES

197

Change in the net obligation of defined-benefit 18-2 plans

223 224 224 224 225 226 227

1-1 1-2

Accounting policies

197 199 200

Funded/unfunded obligations 18-3

Change in Group structure

Period costs 18-4

NOTE 2

OPERATING SEGMENTS

Additional information 18-5

Actuarial assumptions for main countries 18-6

2-1 2-2

General information

200

Information by geography 18-7 OTHER CURRENT LIABILITIES

Information on the income statement and

NOTE 19

assets by activity

201 202 203

2-3

Information by geography

NOTE 3

EXCHANGE RATES OF FOREIGN CURRENCIES

Additional information

NOTE 20

DIVIDENDS

227

Income statement

NOTE 21

EXPOSURE TO MARKET RISKS

227

NOTE 4

OPERATING EXPENSES

204

Counterpart risk 21-1 Foreign exchange risk 21-2 Interest rate risk 21-3

227 227 227 227 228 228 230 230

NOTE 5

OTHER INCOME AND EXPENSES

204

NOTE 6

FINANCIAL INCOME

205

Liquidity risk 21-4 Credit risk 21-5

Fair value of financial assets and liabilities 21-6 Net income impact by category of instruments 21-7

NOTE 7

INCOME TAX

206

7-1 7-2

Income tax expense

206

NOTE 22

SHARE BASED PAYMENTS

Deferred and current tax recognized in other

comprehensive income

207 208

Grant of stock option plans 22-1

231

Free share allocations with performance 22-2 conditions Free share allocations without performance 22-3 conditions

NOTE 8

EARNINGS PER SHARE GROUP SHARE

231

234 235 237 237 238

Balance sheet – Assets

NOTE 23

FINANCIAL INSTRUMENTS

NOTE 9

PROPERTY, PLANT AND EQUIPMENT

208

Derivatives and hedge accounting 23-1

Foreign exchange risk 23-2 Interest rate risk 23-3

9-1 9-2

Property, plant and equipment – Gross value Property, plant and equipment - Depreciation

209

Impact of interest rate and foreign exchange 23-4 risk hedging on the consolidated financial statements as of December 31, 2018 Impact of interest rate and foreign exchange 23-5 risk hedging on the consolidated financial statements as of December 31, 2017 Portfolio of foreign exchange risk hedges as of 23-6 December 31, 2018 Main balance sheet items declared in foreign 23-7 currencies

and impairment loss

209 210

NOTE 10

GOODWILL

238

NOTE 11

INTANGIBLE ASSETS

212

239

NOTE 12

OTHER NON-CURRENT ASSETS

214

239

NOTE 13

DEFERRED TAX

214

240 240

NOTE 24

RELATED PARTIES

NOTE 14

CHANGE IN NET WORKING CAPITAL

215

Consolidated subsidiaries 24-1

240

Members of the Board of Directors and of the 24-2 Leadership Team Companies in which a member of the Board of 24-3 Directors or of the Leadership Team has a significant voting right

Balance sheet – Liabilities

240

NOTE 15

SHARE CAPITAL

216

240 241 241 241 241 241

Share capital 15-1

216

NOTE 25

OFF-BALANCE SHEET ITEMS

SOCIÉTÉ BIC shares held in treasury stock and 15-2 share repurchase program as of December 31, 2018 BORROWINGS AND FINANCIAL LIABILITIES

Sureties, deposits and guarantees issued 25-1 Sureties, deposits and guarantees received 25-2

216 217

Lease arrangements 25-3 CONTINGENT LIABILITIES

NOTE 16

NOTE 26

NOTE 17

PROVISIONS

219

NOTE 27

CONSOLIDATED SUBSIDIARIES

242

NOTE 28

AUDITORS’ FEES

246

196

• BIC GROUP - 2018 REGISTRATION DOCUMENT •