BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

Intangible assets in progress

Trademarks & patents

Research & development

Software

Other

Total

(in thousand euros)

GROSS VALUE At January 1, 2017

73,876

101,480

6,529

4,207 3,253 3,258

6,912

193,003

Acquisitions

1,268

914

- -

- - - -

5,435 3,258

Internally-generated Disposals/Write-offs

-

-

(2,501)

(50)

(2,078)

(185)

(4,814)

Other transfers

3,914

-

-

(3,914)

-

Exchange differences

(3,516)

(9,417)

(321)

(6)

(9)

(13,270)

Reintegration of non-current assets held for sale at December 31, 2016 not sold in 2017

476

412

-

-

168

1,056

At December 31, 2017

73,516

93,338

4,129

6,615

7,071

184,669

Argentina hyperinflation

39

-

- - - - - -

351

-

390

Acquisitions

2,728

311

2,797

21

5,857 3,938

Kenya - Acquisition of subsidiaries

-

-

-

3,938

Disposals/Write-offs

(11,283)

(1)

(186)

(94)

(11,564)

Business disposal

(545)

(411)

-

(170)

(1,125)

Other transfers

4,486

1,675

(4,444)

488

2,205

Exchange differences

(120)

(405)

111

(106)

(9)

(529)

At December 31, 2018

68,822

94,507

4,240

5,027

11,245

183,841

Intangible assets in progress

Trademarks & patents

Research & development

Software

Other

Total

(in thousand euros)

AMORTIZATION AND IMPAIRMENT LOSS At January 1, 2017

63,337

47,137

6,529

125

428

117,556

Amortization for the period

4,770

697 (28)

-

34

93

5,593

Disposals/Write-offs

(2,405) (2,929)

(2,078)

-

-

(4,511) (8,633)

Exchange differences

(5,338)

(321)

(38)

(7)

Reintegration of non-current assets held for sale at December 31, 2016 not sold in 2017

497

294

-

-

91

882

At December 31, 2017

63,271

42,762

4,130

120

606

110,888

Argentina hyperinflation

37

-

- - - - - -

186

-

223

Amortization for the period

4,642

680

20

105

5,447

Impairment loss

-

-

- - - -

25

25

Disposals/Write-offs

(11,210)

2

(94) (91)

(11,302)

Business disposal

(590)

(294)

(975)

Other transfers

14 34

1,175 1,818

-

1,189 1,932

Exchange differences

110

(25) 301

(5)

At December 31, 2018 NET VALUE At December 31, 2018 At December 31, 2017

56,198

46,143

4,240

546

107,428

12,624 10,245

48,364 50,576

- -

4,726 6,494

10,698

76,413 73,780

6,465

Software Internally-generated software is principally related to investments linked to the upgrade of information technology systems.

Trademarks and patents The main trademarks booked in the balance sheet as of December 31, 2018 are the Pimaco® trademark for 3.9 million euros and the Cello Pens trademark for an amount of 3.6 billion Indian rupees (44.7 million euros at December 31, 2018).

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •