BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

December 31, 2017*

Breakdown by category of instruments

At fair value through the income statement

Held-to -maturity

Loans and receivables (including cash)

At fair value through equity

Balance sheet value

Derivative hedging instruments

Available -for-sale assets

Debts at amortized cost

Balance sheet items (in thousand euros)

Fair value

invest- ments

Note

Financial assets

719,127 719,127

73,314

23,658

-

622,125

30

-

-

Non-current

Derivatives • financial instruments

23

38

38

-

38

-

-

-

-

-

Subordinated loan • Scribe Other investments • Current Trade and other • receivables*

12 8,338 8,338

8,338

- -

- -

30

30

-

-

-

-

30

14 477,080 477,080

-

-

-

477,080

-

-

-

Derivative • financial

instruments

23 23,620 23,620

-

23,620

-

-

-

-

-

Other current •

financial assets

21,395 21,395

21,395

-

-

-

-

-

Cash and cash • equivalents Financial liabilities

21-4 188,626 188,626

51,919

-

- -

136,707

-

-

- -

132,944 132,944

-

2,324

-

- 130,620

Non-current Borrowings •

16

215

215

-

-

-

-

-

215

-

Derivative •

instruments

23

104

104

-

104

-

-

-

-

-

Current Borrowings •

16 4,866 4,866

-

-

-

-

-

4,866

-

Derivative •

instruments

23 2,220 2,220

-

2,220

-

-

-

-

-

Trade and other • payables

14 125,539 125,539

-

-

-

-

- 125,539

-

Restated for IFRS 15 – Revenue from Contract with Customers. *

Fair value valuation method The tables below set out the fair value method for valuing financial instruments, using the following three levels: level 1 (quoted prices in active markets): money market UCITS ● and other current financial assets; level 2 (observable inputs): derivatives – hedge accounting; ● level 3 (non-observable inputs): no such instruments are held ● as of December 31, 2018.

The valuation methods adopted for financial instruments are as follows: Financial instruments other than derivatives recorded in the ● balance sheet: The book values used are reasonable estimates of their market value except for marketable securities whose carrying values used are determined based on the last known net asset values as of December 31, 2018. Derivative financial instruments: ● Market values were calculated internally on the basis of last-known closing prices as of December 31, 2018. They are consistent with valuation reports provided by financial institutions.

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •